Bank of America and JPMorgan Chase, as well as three other American companies engaged in the mortgage business, offered to pay $ 5 billion within the possible closure of the investigation by federal and regional authorities in practice the transition of home ownership at the companies not paying the mortgage. The offer was made in the course of the negotiations in Washington between representatives of the bank, prosecutors and federal authorities. Financial institutions were represented by the new conditions of a possible settlement, as well as a proposal was made on the financing of major writedowns from the bank accounts of homeowners. The investigation, conducted in all 50 U.S. states, was launched after allegations of improper disposition of property to the creditor banks after the collapse of the mortgage market in the U.S.. States carried out an inspection of banks and lending institutions for the use of forged documents and signatures to legalize hundreds of thousands of cases of alienation of property from debtors who, taking advantage of mortgage loan bank, were not able to pay their mortgages. The investigation, which became known on Oct. 13 this year, started after JPMorgan Chase & Co. and Ally Financial Inc. announced the suspension of alienation in the 23 states in which these issues before the Court. After that Bank of America, the largest lender in the United States froze the conduct of foreclosures across the country. The initial version of settlement agreements with financial institutions, launched by the authorities, drew criticism from both banks, and Republican politicians. Opponents of the proposal argued that it would provoke a wave of defaults. In the current negotiations on the settlement involved providing services to the mortgage banks, among which were also Citigroup Inc., Wells Fargo & Co. and Ally Financial. These five companies account for 59% of the U.S. mortgage market. On the materials the Banki.ru
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