Business

Report: Homeowners Paid $3.1B Cash in Settlement

  WASHINGTON (AP) — A new report says homeowners have received about $3.1 billion in cash under a federal settlement with 13 big banks over alleged misconduct in processing mortgages that may have resulted in wrongful foreclosures. The report by the Federal Reserve released Monday Read More

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Business

JPMorgan, Justice Dept. Reach $13B Settlement

[USA Today] Banking giant JPMorgan Chase Tuesday finalized a record $13 billion settlement of multiple investigations over toxic mortgage investments such as those that helped spark the 2008 financial crisis. The agreement announced by the U.S. Department of Justice and state officials in New York Read More