Judge Rules RFC Lawsuits Can Proceed
Multiple lawsuits filed by a former unit of Residential Capital LLC against some big-name lenders over repurchase demands have been allowed to proceed.
Class Action Seeks to Shelter Strategic Defaulters
Class action certification is sought on a lawsuit filed on behalf of a borrower whose Florida property was foreclosed on and is now being sued for a deficiency balance even though he has moved to another state.
Servicing Off at Ocwen, U.S. Staffing Sinks
Although originations edged up at Ocwen Financial Corp., the servicing portfolio shrank. U.S. staffing was down, though offshore employment soared.
Bank Sues BofA Over Handling of Servicing
A small financial institution has filed a lawsuit against Bank of America Corp. over its handling of the servicing of loans acquired from Countrywide Home Loans.
MLOs Among 100s of Planned Hirings at Citizens
With some of the proceeds from an anticipated initial public offering, Citizens Financial Group Inc. plans to hire hundreds of sales people -- including mortgage loan originators.
Failed Bank's Founder, Directors Agree to Settle
The founder of a Florida bank that failed four years ago and seven of its former directors have agreed to settle for more than $5 million allegations that they played a role in the bank's demise.
Tax Break Takes Some of Sting Out of BofA Settlement
Bank of America Corp. is reportedly on the verge of a massive settlement with the government over toxic mortgages securities, and a chunk of that amount could be tax deductible.
Investor Class Action Filed Against Ocwen
A federal lawsuit has been filed on behalf of investors of Ocwen Financial Corp.'s stock -- some who have seen their investments tumble by more than a third during the past two months.
2nd Recent Disability Discrimination Settlement
For the second time in as many weeks, a large home lender has agreed to settle allegations of discriminating against persons who receive disability income.
Lender, AMC Settle With CFPB
A national home lender is accused of using bait-and-switch tactics, overcharging prospective borrowers for services provided by its appraisal management company and not disclosing third-party affiliation.