U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. The company is arguing that it should pay less to settle the claims by the U.S. Federal […]
Tag: Housing
New York to sue BofA, Wells Fargo over mortgage practices
New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses. Schneiderman issued the announcement, which suggests lawsuits could be filed against the banks within two […]
Robert Shiller: Home Prices Will Remain Relatively Stagnant For Next 10 Years
More good news on the housing market. This morning, the S&P/Case-Shiller Home Price index posted its biggest annual increase since 2006â€â€Âjust before the housing market crash. Home prices in all 20 metro areas included in the index rose for the second month running. Phoenix led, with a 23% annual increase […]
