As multiple lawsuits and SEC actions progress in relation to the nation’s mortgage mess, it’s becoming clear that the misbehaviors of the lawyers involved at all stages were not isolated incidents: The misconduct was systemic, …
JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
On Monday, a group of institutional investors sued Countrywide and Bank of America over Countrywide’s mortgages practices. The bank is accused of issuing vast numbers of loans using methods that went beyond lax standards and in…
A top Massachusetts court has criticized banks for their “carelessness” during the securitization of mortgages in the state. But interests supporting the banks have issued their own messages — trying to minimize the court’s de…
Sworn testimony in a recently concluded mortgage case may spell big trouble for Bank of America. If what one bank employee said proves to be accurate, paperwork problems at mortgage provider Countrywide could leave Bank of Amer…