Posts tagged "settlement"

$13 billion JPMorgan mortgage settlement doesn’t address criminal charges

$13 billion JPMorgan mortgage settlement doesn’t address criminal charges
Another day, another billion dollar settlement for a bank involved in fraudulent mortgage practices that led up to the 2008 housing crash. The Justice Department announced Tuesday that it reached a $13 billion settlement with JPMorgan Chase & Co. around its packing, marketing and sale of rotten mortgage-backed securities, which then collapsed in value and,... Read more »

Robo-signing settlement brings $650,000 in legal help for Illinois homeowners facing foreclosure

Robo-signing settlement brings $650,000 in legal help for Illinois homeowners facing foreclosure
Over half of Illinois homeowners facing foreclosure don’t have a lawyer, according to Attorney General Lisa Madigan. But Madigan announced new help for those homeowners Thursday – a $650,000 grant to Chicago’s Legal Aid Society that provide legal help for people who’s homes are in foreclosure. “Through this grant, many more Chicago area homeowners will... Read more »

Struggling IL homeowners, renters to get $20 million piece of big mortgage settlement pie

Struggling IL homeowners, renters to get $20 million piece of big mortgage settlement pie
Illinois Attorney General Lisa Madigan announced Wednesday that $20 million will make its way to statewide programs aimed at keeping folks in their homes and providing mortgage relief. That’s thanks to Madigan’s involvement in a national lawsuit against some of the country’s biggest lenders, which ended in a $26 billion settlement earlier this year–the second... Read more »
Advertisement:

Happy birthday, Wells Fargo: older but wiser?

Happy birthday, Wells Fargo: older but wiser?
Protesters around the country came out Monday to wish Wells Fargo a happy 160th birthday, and to remind the San Francisco bank that getting older doesn’t mean they’re getting any wiser. “We went out there to let them know that we are going to bring attention to the fact that Wells Fargo still does not... Read more »

Should Illinois pull out of the nationwide 'robo-signing' settlement?

Should Illinois pull out of the nationwide 'robo-signing' settlement?
California did. New York did. Now Nevada, Massachusetts and Delaware may follow suit. And today, citizens of Chicago are calling on Illinois Attorney General Lisa Madigan to join the growing number of states that have pulled out of a legal settlement that attorney generals from across the nation struck with banks as punishment for improperly... Read more »