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1. www.investopedia.com › terms › bBear Stearns: Its Collapse, Bailout, Winners & Losers

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   Apr 30, 2023 · Bear Stearns was an investment bank that collapsed during the subprime mortgage crisis in 2008. Read what happened after the Bear Stearns bailout.

2. www.motherjones.com › politics › 2013How the Execs Who Brought Down Bear Stearns Bounced Back

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   Jul 31, 2013 · In the past four years he earned more than $29 million as head of Residential Capital, LLC, the mortgage subsidiary of the former General Motors Acceptance Corp. (GMAC), which was bailed out by...

3. www.ftc.gov › news-events › newsBear Stearns and EMC Mortgage to Pay $28 Million to Settle ...

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   Sep 9, 2008 · The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans.

4. www.cohenmilstein.com › case-study › bear-stearnsBear Stearns Mortgage Pass-Through Certificates Litigation

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   Investors alleged that the offering documents contained false and misleading statements about the underwriting guidelines used by Bear Stearns’ EMC Mortgage unit, Countrywide Home Loans and other lenders, and the accuracy of associated property appraisals.

5. www.justice.gov › opa › prOffice of Public Affairs | Justice Department, Federal and ...

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   Nov 19, 2013 · “JPMorgan and the banks it bought securitized billions of dollars of defective mortgages,” said Acting FHFA Inspector General Michael P. Stephens. “Investors, including Fannie Mae and Freddie Mac, suffered enormous losses by purchasing RMBS from JPMorgan, Washington Mutual and Bear Stearns not knowing about those defects.

6. www.nbcnews.com › business › marketsNY sues JPMorgan over Bear Stearns mortgage securities - NBC News

   www.nbcnews.com › business › markets

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   Oct 2, 2012 · The suit accuses Bear Stearns of failing to ensure the quality of loans underlying residential mortgage-backed securities it packaged and sold in 2006 and 2007. Investors lost more than...

7. People also ask

   Why did Bear Stearns pay $28 million?

   • The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans.

   Bear Stearns and EMC Mortgage to Pay $28 Million to Settle FTC Charges

   www.ftc.gov/news-events/news/press-releases/2008/09/bear-stearns-emc-mortgage-pay-28-million-settle-ftc-charges-unlawful-mortgage-servicing-debt

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   Why did Bear Stearns invest in mortgage-backed securities?

   • In the housing bubble of the early 2000s, Bear Stearns leaned heavily into mortgage-backed securities, vastly underestimating the risks of the subprime housing market. When the housing market collapsed and borrowers began to default, the value of those securities plummeted.

   Bear Stearns: Its Collapse, Bailout, Winners & Losers - Investopedia

   www.investopedia.com/terms/b/bear-stearns.asp

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   Was Bear Stearns a good investment bank?

   • By the early 2000s, Bear Stearns was among the world's largest investment banks and a highly respected member of Wall Street's pantheon of investment banks. Despite surviving and then thriving after the Great Depression, Bear Stearns was a player in the mortgage meltdown and Great Recession that followed.

   Bear Stearns: Its Collapse, Bailout, Winners & Losers - Investopedia

   www.investopedia.com/terms/b/bear-stearns.asp

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   Did EMC buy Bear Stearns?

   • These practices occurred prior to JP Morgan Chase & Co.’s acquisition of Bear Stearns, which became effective on May 30, 2008. According to the complaint, EMC is the mortgage servicer for many of the loans Bear Stearns and EMC acquired.

   Bear Stearns and EMC Mortgage to Pay $28 Million to Settle FTC Charges

   www.ftc.gov/news-events/news/press-releases/2008/09/bear-stearns-emc-mortgage-pay-28-million-settle-ftc-charges-unlawful-mortgage-servicing-debt

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8. www.npr.org › a-brief-history-of-bear-stearnsA Brief History of Bear Stearns : NPR

   www.npr.org › a-brief-history-of-bear-stearns

   Mar 17, 2008 · The collapse of Bear Stearns caps an astonishing run for the Wall Street giant, which managed to survive the Great Depression and many recessions. But the current mortgage debacle proved too...