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  2. UBS to pay $1.44 billion in mortgage-backed securities ... - AOL

    www.aol.com/finance/ubs-pay-1-44-billion...

    UBS agreed to pay $1.44 billion in penalties to settle allegations of fraud in the sale of residential mortgage-backed securities, the Department of Justice announced on Monday, resolving a case ...

  3. GMAC ResCap - Wikipedia

    en.wikipedia.org/wiki/GMAC_ResCap

    In September 2008, after suffering heavy losses during the subprime crisis, New Jersey Carpenters Health Fund sued the company and the underwriters of residential mortgage-backed securities issued by affiliates of the company, claiming that the prospectuses and registration statements of the RMBS did not adequately disclose the risks, were misleading to investors, and violated securities law.

  4. JPMorgan Chase Reaches Settlement with SEC Regarding Bear ...

    www.aol.com/2012/11/16/jpmorgan-chase-reaches...

    JPMorgan Chase Reaches Settlement with SEC Regarding Bear Stearns and JPM Residential Mortgage-Backed Securities NEW YORK--(BUSINESS WIRE)-- JPMorgan Chase & Co. (NYS: JPM) announced today an ...

  5. JPMorgan Chase Agrees to Pay $4.5 Billion Over Bad Mortgage ...

    www.aol.com/2013/11/15/jpmorgan-chase-agrees...

    Alamy By Karen Freifeld NEW YORK -- JPMorgan Chase & Co (JPM) said on Friday it agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the ...

  6. List of major SEC enforcement actions (2009–2012) - Wikipedia

    en.wikipedia.org/wiki/List_of_major_SEC...

    In March 2012, the SEC announced that a federal judge ordered the former CEO of Brookstreet Securities Corp., Stanley C. Brooks, to pay a maximum $10 million penalty related to the fraud action that the SEC filed against Brooks for systematically selling risky mortgage-backed securities during the financial crisis to customers with conservative ...

  7. Taylor, Bean & Whitaker - Wikipedia

    en.wikipedia.org/wiki/Taylor,_Bean_&_Whitaker

    Taylor, Bean & Whitaker closed $35 billion in residential mortgage loans in 2007. It employed about 2,000 workers, and was the fifth-largest issuer of Ginnie Mae securities. [1] By 2009, it was servicing more than 500,000 mortgages, including $51.2 billion of Freddie Mac loans. [2]

  8. BofA to Pay $9.3 Billion to Settle Mortgage Bond Claims - AOL

    www.aol.com/finance/2014-03-27-bank-america-pays...

    It was the 10th settlement that the FHFA has reached in litigation that began in 2011 when it filed 18 lawsuits over about $200 billion in mortgage-backed securities, an investment product at the ...

  9. 2007–2008 financial crisis - Wikipedia

    en.wikipedia.org/wiki/2007–2008_financial_crisis

    August 2023: UBS reaches an agreement with the United States Department of Justice to pay a combined $1.435 billion in civil penalties to settle a legacy matter from 2006–2007 related to the issuance, underwriting and sale of residential mortgage-backed securities. [222]

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