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Updated Consumer Relief - The Office of Mortgage Settlement Oversight
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Mortgage Settlement Monitor Reports Consumer Relief Data
Joseph Smith nears completion of his consumer relief crediting and compliance reviews of servicing reforms
RALEIGH, N.C. – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, has received an update on the consumer relief activities the five b
...Jamie Dimon Survives Shareholder Vote
Jamie Dimon overwhelmingly defeated a referendum on his leadership of JPMorgan Chase on Tuesday, beating back a proposal that garnered less than a third of votes to strip the chief executive’s chairman title as investors backed Dimon against an insurrection by public union-led shareholders.
Shareholders led by the AFSCME pension fund, New York City
...Kathleen Furey v. SEC: Wow, Just Wow . . . | Deadly Clear
Posted by Larry Doyle, SENSE ON CENTS on May 16, 2013
For those with an interest in learning how our financial regulators fail to perform in upholding both the law and their duty to protect investors, the SEC is “the gift that keeps on giving.”
As if we did not already know that the SEC has all too often failed to protect investors, let’s navigate a
...House Passes SEC Cost-Benefit Analysis Bill - American Banker Article
WASHINGTON The House passed a controversial bill on Friday requiring the Securities and Exchange Commission to conduct additional economic analysis on its rules.
The Securities Exchange Commission Regulatory Accountability Act passed with bipartisan support by a vote of 235-161, after being passed out of the House Financial Services Committee just
...Monitor Checking Into Violations of Mortgage Settlement - MoneyBeat - WSJ
- Getty Images/AFP
The monitor of a $25 billion national mortgage settlement with the five largest mortgage servicers said Tuesday he’s looking into potential violations of the agreement.
At the same time Wells FargoBank of America and J.P. Morgan Chase sa id they had completed their obligation under the settlement. The monitor, Joseph
...Suburban Poverty Soaring In America While Safety-Net Agencies Struggle To Keep Up
Poverty is soaring in the suburbs.
According to a new book from the Brookings Institution, the suburban poverty rate in America has climbed by 64 percent over the past decade, more than twice as fast as the poverty rate in urban areas.
Nearly 16.5 million people live in poverty in the suburbs, compared with about 13 million poor people in cities.
E
...Servicers distributed $50.63 billion through National Mortgage Settlement | HousingWire
Servicers that took part in the 2012 National Mortgage Settlement have since distributed $50.63 billion in relief to more than 620,000 homeowners, Joseph Smith, the independent monitor overseeing the Office of Mortgage Settlement Oversight reported Tuesday.
That figure includes both consumer relief and modifications for active first-lien mortgages.
T
...JPMorgan Must Face Dexia s Mortgage Suit, Judge Rules - American Banker Article
A federal judge has revived a lawsuit that charges JPMorgan Chase (JPM) with misrepresenting the quality of loans that backed securities sold to a Belgian bank.
The nation's biggest bank will have to face allegations by Dexia, which says it lost hundreds of millions of dollars after buying $1.6 billion in residential mortgage-backed securities from
...More Articles...
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- Wells Fargo Leads Bank Foreclosure Halt After OCC Guidance (2) - Businessweek
- Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny - American Banker Article
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