"… five years later and their lavish lifestyles. The second installment, “Subprime lending execs back in business five years after crash,” tells the story of how m …"
"… Sept. 15, Lehman Brothers Holdings Inc. filed for Chapter 11, the largest bankruptcy in the nation’s history. The move set off a series of dramatic act …"
"… ff a series of dramatic actions in Washington, D.C., and on Wall Street as bankers and regulators sought to avoid a shutdown of the global economy. To mar …"
"… rs hastened the downfall of Merrill Lynch after the Wall Street investment bank bought it in 2006 for $1.3 billion. He was still running First Frankl …"
"… t assure the quality of the loans we originate.” The next year, federal banking regulators said First Franklin was among the lenders with the highest f …"
"… ies for the future?” asked Jordan Thomas, a former attorney for the Securities and Exchange Commission who now runs the whistleblower practice at Labaton Sucharow in New York. …"
"… inance and corporate accountability. Sign up now to receive our Finance email newsletter. ------------------------- The company said in an e …"
"… st $4,250 from 1998 through 2004, with Fannie’s controversial former CEO Franklin Raines chipping in $1,500 to help Watt keep his seat. Bank of America, Watt’s …"
"… timately pays them."Johnson in 2008 resigned as a leader of then-candidate Barack Obama's vice presidential search committee after The Wall Street Journal reporte …"
"… t with five major lenders. A suit unsealed March 7 alleges that Bank of America fraudulently misled borrowers and regulators in order to keep customers ou …"
"… ted.As a condition of accepting $45 billion from the federal bank bailout, Bank of America promised to help move troubled borrowers into the taxpayer subsidized Home …"
"… gory Mackler, formerly an employee of Urban Lending Solutions, the company Bank of America contracted to manage HAMP complaints.Mackler claims the company developed …"
"… were eligible for federally subsidized loan modifications.The suit claims Bank of America:Told borrowers and regulators that a complaint was “under review” whil …"
"… tgage brokers, making it a less-familiar name than giant retailers such as Ameriquest Mortgage Co. and Countrywide Financial Corp. Still, in 3½ years under GE’s owner …"
"… eclosure crisis met the campaign trail this week in Nevada, with President Barack Obama and Republican candidates for president suggesting sharply different appro …"
"… the housing crisis on government-chartered mortgage giants Fannie Mae and Freddie Mac, which have been taken over by the government and bailed out by taxpayers. …"
"… ublicans in the U.S. House of Representatives, has said: “Fannie Mae and Freddie Mac were the main cause of the nation’s current financial turmoil.” The fe …"
"… ob.The lawsuit was resolved in 2008, according to the clerk’s office for Arapahoe County (Colo.) District Court. Bank of America didn’t respond to a request for …"
"… itness statement in a Countrywide shareholders lawsuit in federal court in Los Angeles. After the company had closed one branch and was preparing to shut fi …"
"… ny’s fraud hotline. The company responded, her lawsuit in state court in Los Angeles said, by firing her.The case was settled last year before Countrywide had …"
"… a colleague and boss. Among them is Larry Goebel, a former captain in the Los Angeles Police Department’s internal affairs unit who worked with Foster at Coun …"
"… y. He now works as head of security for the Performing Arts Center of Los Angeles County.Bank of America declined to answer questions about Goebel’s accou …"
"… ing her way up to vice president for fraud prevention and investigation at First Bank Inc. Countrywide brought her on as a first vice president and put her in charg …"
"… Home Affordable Modification Program (HAMP), launched soon after President Barack Obama took office, has so far helped only about 600,000 borrowers. Another 4 mil …"
"… uld eliminate a government-sponsored enterprise charter for Fannie Mae and Freddie Mac, and would also limit legal fees paid by Fannie and Freddie to defend form …"
"… g its new rules to police the swaps market.FDIC nominee – President Barack Obama plans to nominate Martin Gruenberg, vice chairman at the Federal Deposit I …"
"… tated,” said Inspector General Steve Linick, a former Justice Department prosecutor confirmed by Senate last year to watch over federal housing programs. “F …"
"… a to the FHFA inspector general job, Linick was a respected career federal prosecutor who oversaw the Justice Department’s National Procurement Fraud Task For …"
"… a solution that will save taxpayer time and money."Rep. Rubén Hinojosa, D-Texas, the committee’s ranking Democrat, said he was concerned about the pligh …"
"… tiff’s termination, and her job expectations at either Fannie Mae or the Department of the Treasury, rely upon disputed facts that only can be distilled and processed after a …"