Allstate sues JPMorgan Chase over sale of toxic RMBS

Massachusetts Land Court judge Keith Long reaffirmed a 2009 ruling (ibanez) that invalidated foreclosures on two properties because the lenders did not hold clear title to them at the time of the foreclosure sale. Now this decision is still subject to appeal, and Richard Vetstein of the Massachusetts Law Blog (hat tip reader Barbara W) thinks.

By Jonathan StempelNEW YORK (Reuters) – Allstate Corp has sued Bank of America Corp, its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the.

 · The Department of Justice wants Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities. Deutsche Bank Says DoJ Wants It.

Clear Capital: Momentum continues to build for housing recovery Thankfully, the Seattle area housing market continues to lead the charge in the beleaguered housing recovery: Seattle, a market with a strong recovery already in the works, is expected to see the highest gains of the top 50 major metro markets at 13.5%.

Foreclosure HelpNEW YORK (Reuters) – Allstate Corp has sued Bank of America Corp and 18 other defendants over alleged losses on more than $700 million of mortgage securities it bought from Countrywide Financial Corp.

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Attorney General Schneiderman’s lawsuit is the first legal action from the RMBS Working Group, a state-federal task force created by President Obama earlier this year to investigate those responsible for misconduct contributing to the financial crisis through the pooling and sale of residential mortgage-backed securities.

Allstate sues JPMorgan over mortgage debt losses. Each of those companies were heavily exposed to subprime and other risky mortgages. Allstate said most of the securities it bought from the various defendants started out with "triple-A" ratings, the same carried by U.S. government debt, but that 97 percent now carry "junk" ratings.

CoreLogic: 10.4 million mortgages still in negative equity According to data released yesterday from CoreLogic, 10.4 million. with a mortgage, and this is after 1.7 million homeowners returned to a state of positive equity in 2012. So if proponents of.

Mon 10/31: Anadarko Petroleum, Humana, Allstate, Lowes Corp. 9:45 Chicago Purchasing Managers Index 10:30 Dallas Fed Manufacturing Survey Tue 11/1: Pfizer, Tenet Healthcare, Archer Daniels Midland,

The U.S. Department of Justice has reportedly requested Bank of America pay $17 billion to settle an investigation into whether the bank knowingly sold worthless or toxic RMBS to investors before the crisis. Much of the probe would focus on Countrywide Financial Corp., which Bank of America acquired in 2008.

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