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NY judge: JPMorgan/Bear Stearns committed MBS fraud; dismisses case anyway

CoreLogic: Only half of today’s mortgage originations meet QM requirements About 60 percent of loans written today would not be acceptable under the finalized rules for a qualified mortgage. only 25 percent of purchase originations would meet the eligibility requirements.

NY judge: JPMorgan/Bear stearns committed mbs fraud; dismisses case anywayFor the last two years, MBIA Insurance Corp. and J.P. Morgan Securities have been fighting in court. In September 2012, MBIA sued JPMorgan (and Bear Stearns, which was acquired by JP Morgan in 2008), alleging that Bear Stearns altered a third-party due diligence report so that MBIA would insure a $1.16.

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Judge Stein Concludes Security "Holders" Cannot Bring Fraud Claims Under New York Law, Dismisses Case Against Citi By Charles Michael on October 30, 2013 Posted in SDNY Blog In an opinion today, Judge Stein dismissed a case accusing Citibank of fraud and negligent misrepresentation for understating its exposure to mortgage-backed securities.

Investments NY judge: JPMorgan/Bear Stearns committed MBS fraud; dismisses case anyway Altered due diligence report to make mortgage pool look safer

Also, there are reports that AIG might file mortgage-backed securities case against Morgan Stanley (MS) over $3.7 billion of MBS. If you feel you are the victim of Securities Fraud, please do not hesitate to email or call the The resolution law group (203) 542-7275 for a confidential, no obligation consultation.

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ECA, Local 134 IBEW Joint Pension Tr. of Chi. v. JP Morgan Chase Co., 553 F.3d 187, 207 (2d Cir. 2009). B. SRM’s Common Law Fraud Claims. We turn next to SRM’s common law fraud claims under New York law, all of which were dismissed by the District Court.

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New York Attorney General Sues Bear Stearns and JPMorgan Chase Editorial Board Posted on October 8, 2012 On October 1, New York Attorney General Eric T. Schneiderman filed suit against Bear Stearns & Company, now a unit of JPMorgan Chase, in New York state court in Manhattan.

The Residential Mortgage-Backed Securities Working Group’s co-chair, New York Attorney General Eric Schneiderman, sued JPMorgan Chase for mortgage-related frauds that Bear Stearns allegedly.

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NY Attorney General Suing JP Morgan Over Mortgage Securities Posts about bear stearns written by dinsfla. DISMISSED! May 20, 2010. Today, a Key West, Florida Circuit Court Judge dismissed a foreclosure action filed by Florida Default law group (fdlg), which was representing Bank of New York as the alleged "Trustee" of a Bear Stearns securitized mortgage loan trust.