A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing. Morgan Stanley and Morgan Stanley Capital I Inc, Barclays, JPMorgan Chase & Co’s unit Bear Stearns, Credit […]
Tag: Wells Fargo
Banks Find More Foreclosure Problems
Big banks discovered they wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from about two dozen other borrowers who were current on their mortgage payments, Jessica Silver-Greenberg and Ben Protess report in The New York Times. The banks  Bank of America, Citigroup, […]
Major banks close to big settlement on home loans
U.S. regulators are close to securing another multibillion-dollar settlement with the largest banks to resolve allegations that they unlawfully cut corners when foreclosing on delinquent borrowers, a source familiar with the talks said. The settlement with five big banks would be part of a larger deal that the Office of […]
