The bank has until 2018 to pay the remaining $1.8 billion in consumer relief under the terms of the settlement.

Approximately 3.4 million homeowners have received mortgage modifications through the government’s Home Affordable Refinance Program since the program’s inception in 2009. Now that many of those homeowners have built up sufficient equity and mortgage rates are low, however, many HARP ...

CoreLogic’s November 2015 Distressed Sales data reported that REO and short sales combined made up 12 percent of all residential sales for the month, a decline of 2 percentage points from the previous November. The distressed sales share for November ...

JPMorgan Chase has agreed to pay 1 point 42 billion dollars to Lehman Brothers Holdings to settle claims that JPMorgan drained Lehman of billions of dollars before the investment banking firm’s infamous collapse in 2008, according to JPMorgan’s 8-K filing with the Securities ...

It is now more than seven years since the housing crisis hit, and settlements over claims of selling toxic residential mortgage-backed securities are still alive and well. Earlier this month, Goldman Sachs settled for 5 billion dollars with U.S. Department ...

The mortgage-related investment portfolios for Fannie Mae and Freddie Mac were well below their 2015 portfolio cap as of the end of November.

It is now more than seven years since the housing crisis hit, and settlements over claims of selling toxic residential mortgage-backed securities are still alive and well. Who is the latest to settle?

After suffering a major drop in November 2015, existing-home sales turned the tables with the largest monthly increase ever recorded in December. With the backlog caused by TRID delays largely cleared, existing-home sales rose 14 point 7 percent to a seasonally adjusted ...

The number of homes actively in the process of foreclosure fell by nearly 200 thousand in 2015, marking a 22 percent decline, down to about 689 thousand properties, according to Black Knight’s First Look at Mortgage Data for December 2015 ...

As expected, fourth quarter earnings for Goldman Sachs took a huge hit as a result of last week’s announced settlement for 5 point 1 billion dollars to resolve claims of mortgage-backed securities fraud. The investment banking firm’s Q4 2015 net earnings totaled ...