Tag: mortgages

• Wednesday, October 23rd 2013 - 00:01 UTC

  JP Morgan faces record 13 billion dollars fine for mortgage-backed securities

  

  US banking giant JP Morgan is set for a record 13 billion dollars fine to settle investigations into its mortgage-backed securities, US media reports have said. A tentative deal is believed to have been reached in talks with senior US Justice Department officials.

• Thursday, February 9th 2012 - 23:43 UTC

  Obama/banks mortgage-deal to rescue US doomed and struggling homeowners

  

  President Barack Obama administration and top US mortgage lenders unveiled a landmark 25 billion dollars deal Thursday to help struggling homeowners get back on their feet and to reignite the moribund housing market.

• Monday, June 6th 2011 - 17:53 UTC

  Controversy in the US over a 20% down-payment on home loans

  

  The United States mortgage market has gone and is going through rough changes. Many laws have been introduced regarding lending and borrowing and a new initiative is again triggering debate as to its effects on the mortgage market.

• Friday, July 30th 2010 - 06:00 UTC

  Citibank agrees fine to settle charges it misled investors with high risk mortgages

  

  Banking giant Citigroup has agreed to pay 75 million US dollars to settle civil charges that it misled investors over potential losses from high-risk mortgages. It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).