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Two Cheers for the Settlement
Keywords:
Bank of America mortgage settlements
01/05/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Finally, Borrowers Score Points
New York Times 06/11/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Bank of America to Pay $17 Billion in Justice Department Settlement
Wall Street Journal 08/21/2014
S.E.C. and fraud settlement with U.S. banks for toxic mortgage debt
04/24/2010
Grouped Articles
SEC's Top Cop Oversaw Deutsche CDOs
Wall Street Journal 04/24/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
S.E.C. Tension As It Examined Mortgage Cases
New York Times 12/19/2013
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
An Unfinished Chapter at Countrywide
New York Times 08/23/2014
Wall Street Journal 04/14/2011
The state attorneys general in the U.S. and the subprime lending and foreclosure crises and mortgage settlements.
12/08/2009
Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/2015
New York Attorney General Schneiderman and mortgage securities settlements
08/21/2011
Pressure brought on Schneiderman by the Obama administration for mortgage securities settlements that would limit future investigation.
Grouped Articles
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Schneiderman Is Said to Face Pressure to Back Bank Deal
New York Times 08/21/2011
New York Times 08/22/2011
Bank of America Settlement Faces Growing Challenges
New York Times 08/31/2011
Nevada Accuses Bank of America of Breaching Mortgage Accord
New York Times 08/30/2011
Wall Street Journal 09/01/2011
The $26 billion U.S. mortgage settlement of Feb. 2012 between state attorneys general and the banks
02/09/2012
An estimated $17 billion of this would go to homeowners. Experts say this is good for the banks by reducing legal uncertainty and for attorneys general of states, but it is likely to do too little to significantly change the difficult situation in the housing market. This is because there is an estimated total of $700 billion in negative equity that 11 million homeowners under water have in the housing market, according to Capital Economics in London cited by Morgan Gretchenson in the New York Times, Feb. 12, 2012. The 17 billion is about 2.4% of this total.
Grouped Articles
J.P. Morgan Reaches $4.5 Billion Settlement With Investors
Wall Street Journal 11/17/2013
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Settlement Lifts Hopes For Housing Recovery
Wall Street Journal 02/10/2012
Q&A: What Homeowners Need to Know on the Deal
Wall Street Journal 02/10/2012
Wall Street Journal 02/09/2012
Banks Still Looking for Closure
Wall Street Journal 02/10/2012
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