Mary Eshet


Mary Eshet News

  • Wells Fargo Said to Settle FHFA Claims for Less Than $1 Billion

    Wells Fargo & Co. agreed to pay less than $1 billion to settle Federal Housing Finance Agency claims it sold faulty mortgage bonds to Fannie Mae and Freddie Mac, according to a person briefed on the deal.

  • Banks Financing Mexico Gangs Admitted in Wells Fargo Deal

    Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.

  • Predator Targets Hit as Banks Shut Branches Amid Profits

    Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.

  • Do Bank of America’s Victims Think They Got Taken?

    The Justice Department accused Bank of America Corp. this week of defrauding Wachovia Corp. and the Federal Home Loan Bank of San Francisco in a 2008 mortgage-bond deal. Here’s the funny part: Neither one has claimed it was defrauded by Bank of America in the transaction.

  • Wells Fargo Should Be Forced to Meet Subpoenas, SEC Says

    Wells Fargo & Co. failed to hand over documents demanded in U.S. subpoenas and should be forced to cooperate with a probe into its sale of almost $60 billion in residential mortgage-backed securities, regulators said.

  • Wells Fargo Should Be Forced to Meet Subpoenas, SEC Says

    Wells Fargo & Co. failed to hand over documents demanded in U.S. subpoenas and should be forced to cooperate with a probe into its sale of almost $60 billion in residential mortgage-backed securities, regulators said.

  • MF Global, Goldman, Wells Fargo, JPMorgan, S&P in Court News

    Jon S. Corzine, MF Global Holding Ltd.’s former chief executive officer, may face potential legal liability if investigators show he knew customer money might be used when he ordered $200 million transferred to a U.K. account as his brokerage neared collapse, Bloomberg News’ Linda Sandler and Phil Mattingly report that former prosecutors said.

  • Wells Fargo, Mariner Energy, Langford, BofA, SAC, Facebook in Court News

    Wells Fargo & Co., the biggest U.S. home lender, said it reached a $590 million settlement in principle with plaintiffs who claimed in a lawsuit that Wachovia Corp. misled investors.

  • Mortgage-Service Fixes Faulted by Settlement Monitor

    The largest U.S. mortgage servicers, including Citigroup Inc. and Bank of America Corp., haven’t done enough to upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor.

  • Gibbs & Bruns, Simpson, Jones Day, Weil: Business of Law

    Gibbs & Bruns LLP, the law firm that won an $8.5 billion settlement from Bank of America Corp. tied to faulty mortgage bonds said Wells Fargo & Co. and Morgan Stanley failed to service $73 billion of similar securities, creating a default.

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