 The U.S. Department of Justice has stepped up a probe in recent weeks into Bear Stearns & Co’s mortgage dealings in the run-up to the financial crisis, according to two sources familiar with the situation, raising the possibility that JPMorgan Chase & Co may face yet another case over […]
Tag: Mortgage
BofA Argues Against Class-Action Loan Modification Suit
Bank of America Corp. asked a federal judge to reject homeowners’ effort to sue the bank over its failure to modify mortgage loans as a class-action case. The second-biggest U.S. lender by assets today urged U.S. District Judge Rya Zobel in Boston to deny the borrowers’ request to pursue the […]
UK May mortgage approvals hit highest since Dec 2009
British mortgage approvals for house purchase rose in May to the highest level since December 2009, Bank of England data showed on Monday. The BoE said mortgage approvals numbered 58,242 in May, up from 54,354 in April. Analysts had forecast a much lower reading of 55,050. Consumer credit rose […]
