NY AG Schneiderman shrugs off loss of control over housing settlement money

KEN LOVETT, NY Daily News Attorney General Eric Schneiderman doesn’t care who controls the state’s share of the JP Morgan Chase housing settlement funds as long as they go toward their intended purposes–solving foreclosure and housing issues in the state, a spokesman for the AG insisted Monday. The Daily News reported in Monday’s editions that the new […]

JPMorgan Chase Reaches $4.5 Billion Settlement Over Housing Collapse

Karen Freifeld, Reuters via The Huffington Post JPMorgan Chase & Co has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities in the collapse of the U.S. housing market, a person familiar with the matter said. The bank will make a binding offer to the trustees of 330 residential […]

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