Major banks [WELLS AND CITI] have reportedly made proposals to the Fed on how to pay for the restructuring of large financial institutions that collapse, with the idea being to avoid the chaos that followed Lehman’s bankruptcy. Among the suggestions, the largest financial-services holding companies would maintain combined debt and equity equal to 14% of […]

Tags: Bank of America, bond funds, buyer beware of foreclosure property, Citicorp, currency, falling bond prices, Federal reserve, forged documentation, global banks, J.P. Morgan Chase, liability to insurers, modifications of loans, mortgage bonds, rising yields, treasuries, Wells Fargo
Posted in Corruption, Eviction, securities fraud |

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Tags: Ally Financial, appraiser, BAC, Bank of America, Brian Donnelly, case-Schiller index, Citigroup, eminent domain, False Claims Act, Federal Housing Administration, FHA, Fortune 500, Gregory Mackler, HAMP, J.P. Morgan Chase, James O'Toole, JPM, Kyle Lagow, Robert Harris, Schiller, Shayne Stevenson, Szymoniak, Victor Bibby, Wells Fargo, WFC, Whisleblower
Posted in bubble, Corruption, Eviction, securities fraud |

Fed penalizes 10 banks on mortgage practices Related stories Major banks sanctioned over mortgage practices (April 13) Buy B. of A.? Timing isn’t everything (11:31a) J.P. Morgan offers clues to other bank results (April 14) Stocks to watch Friday: Bank of America, Google (6:25a) By Steve Goldstein WASHINGTON (MarketWatch) — The Federal Reserve said it’s […]

Tags: Ally Financial, Bank of America, borrower, Citigroup, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, HSBC, Inc., J.P. Morgan Chase, Lender Liability, Lender Processing Services, MERS, MERSCORP, MetLife, PNC, predatory lending, rescission, securitization, SunTrust Banks, trustee, US Bancorp, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |