Financial Fraud Law

Recent Posts

Nevada Reaches Its Own Settlement Over Alleged “Robosigning" Mortgage Charges
Posted on 20 Feb 2014 by Steven A. Meyerowitz

Nevada has reached a settlement with Lender Processing Services, Inc. (“LPS”), now known as Black Knight Financial Services, over allegations of the alleged “robosigning” of mortgage documents. The settlement resolves the state’s... Read More

Tags: Deceptive Trade Practices , mortgages , Fraud , robosigning , financial fraud law , financial fraud

Bank of America Settles Remaining Mortgage Repurchase Claims with Freddie Mac for $404 Million
Posted on 2 Dec 2013 by Steven A. Meyerowitz

Bank of America has reached an agreement with the Federal Home Loan Mortgage Corporation (Freddie Mac) to resolve all remaining representations and warranties claims for residential mortgage loans sold to Freddie Mac through the end of 2009. Under... Read More

Tags: Freddie Mac , mortgages , mortgage repurchase , financial fraud law , financial fraud , Bank of America

If You Thought that JPMorgan Chase Was Finished Settling, Think Again. Now, It Pays $614 Million to Resolve More Mortgage Loan Charges
Posted on 5 Feb 2014 by Steven A. Meyerowitz

JPMorgan Chase has reached yet another settlement with federal prosecutors. Now, it will pay $614 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting non-compliant mortgage loans submitted for... Read More

Tags: False Claims Act , mortgages , Fraud , financial fraud law , financial fraud , JPMorgan Chase , mortgage fraud

One Bank’s $4 Billion Litigation Loss Cuts All Banks’ Third Quarter Earnings. Can You Say JPMorgan Chase?
Posted on 27 Nov 2013 by Steven A. Meyerowitz

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $36.0 billion in the third quarter of 2013. That’s a lot of money, but it also is a $1.5 billion (3.9 percent... Read More

Tags: mortgages , JPMorgan Chase

Credit Suisse Sued Over Sale of More than $10 Billion in Mortgage Backed Securities
Posted on 18 Dec 2013 by Steven A. Meyerowitz

The State of New Jersey has filed a lawsuit against Credit Suisse Securities (USA) LLC and two of its affiliates alleging that they offered more than $10 billion in residential mortgage backed securities trusts for sale while misrepresenting the risks... Read More

Tags: mortgages , mortgage backed securities , Credit Suisse , financial fraud law , financial fraud , Financial Crisis , foreclosures