Philip R. Stein

Philip R. Stein

Bilzin Sumberg Baena Price & Axelrod LLP

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Citigroup Settles with DOJ for $7 Billion

Citigroup announced last week that it will pay $7 billion to end an investigation by the U.S Department of Justice into misconduct related to its mortgage securitization practices. The blockbuster settlement came days before...more

7/23/2014 - Attorney Generals Citigroup DOJ FDIC Mortgage-Backed Securities Mortgages Settlement

Main Street Cashes $3.1 Billion in Checks from Wall Street

With the mortgage crisis almost a decade in the rear-view mirror, some harmed homeowners are just now starting to see reparations for the transgressions of the country’s largest financial institutions. ...more

7/17/2014 - Bank of America Banks Citigroup Foreclosure Goldman Sachs JPMorgan Chase Morgan Stanley Mortgages OCC Robo-Signing Settlement Wall Street Wells Fargo

Big Banks Fail 2012 Fannie Mae Star Program

According to a report released Tuesday by Fannie Mae, the big banks who love to act like “injured innocents” when it comes to making mortgage repurchase and indemnification demands on loan originators had their own...more

4/12/2013 - Bank of America Citigroup Fannie Mae Indemnification JPMorgan Chase Mortgage Loan Originators Mortgages Repurchases Settlement

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