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The Huffington Post

JPMorgan Agrees to $614 Million Mortgage Lending Settlement

The nation's largest bank, JPMorgan Chase & Co., will pay $614 million and improve mortgage lending practices under a deal announced Tuesday to settle claims it approved thousands of unqualified home mortgage loans for government insurance and refinancing since 2002, costing the government millions of dollars when the loans defaulted.

The VIX Also Rises

In a widely expected move, the Federal Reserve announced its decision to continue the process of "tapering" its purchases of Treasury and Mortgage-Backed Securities (MBS).

Rule Changes Tighten Reverse Mortgage Eligibility

Reverse mortgages have become increasingly popular in recent years, as cash-strapped seniors seek ways to keep pace with rising expenses -- not to mention cope with the pummeling their retirement savings took during the Great Recession.

JPMorgan Would Prefer You Not See This Shameful Rectangle

The total tab for JPMorgan Chase's constant legal trouble is now up to more than $31 billion--a figure so exorbitant and cruel that the bank's stock price just hit a record high.

Federal Reserve Asks Financial Industry Lobbyists For Personnel Recommendations

Financial industry lobbyists are among those being asked to suggest who should replace Sandra Braunstein, the retiring Federal Reserve official who oversaw the regulator’s lackluster efforts to protect consumers in the years preceding the U.S. mortgage meltdown.

The FBI is Searching for Ronnie Duke, the Mortgage Fraud Kingpin Who Owes $95 Million

A 46-year-old man who was convicted after running a massive mortgage fraud operation never showed up to serve his prison sentence—and the FBI is now offering a reward for any information that could help track him down.

New York Fed Chief Levels Explosive Charge Against Big Banks

The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous government investigations into alleged wrongdoing.

NYPD Commissioner Ray Kelly Headed To ... JPMorgan Chase?

JPMorgan Chase & Co has been talking with New York City Police Commissioner Ray Kelly about hiring him for a senior role in security at the bank, a person familiar with the matter said on Wednesday.