Criminal Charges Dropped Against Bank But Not Execs
Criminal charges against a bank that took money from the Troubled Asset Relief Program have been dropped. But former executives still stand accused.
Former Owner of Mortgage Servicer Pleads Guilty
The former owner of a defunct mortgage servicer has admitted that he stole money from payments made by borrowers.
Class Action Seeks Billions From Wells Fargo
An attorney who has already won a more than $1 billion award in a malpractice case is now hoping to obtain a multi-billion-dollar award against Wells Fargo Bank, N.A.
Mortgage Industry Loses 2 in Las Vegas Shooting
At least two people who worked in the mortgage industry were among the casualties in this week's tragic Las Vegas shootings.
Ocwen Settles With More States
Less than a week after disclosing consent orders with several states, Ocwen Financial Corp. has revealed settlements with three more states.
Wells Fargo Refunding Rate-Lock Extension Fees
Amid multiple lawsuits over allegedly illegally charging home loan applicants rate-lock extension fees, Wells Fargo & Co. will refund as much as nearly $100 million.
Consumer Bankruptcy Filings Fall to 7-Month Low
New bankruptcy filings by consumers were down from a month earlier to the lowest level in seven months. Filings also retreated from a year earlier.
Mortgage Firm Loses Texas Lawsuit
A mortgage company that tried to cash in on a three-decade-old $5.2 million land loan it acquired by suing the homeowners has lost its lawsuit.
FHA Mortgagee Settles for Over $1 Million
A civil fraud lawsuit in New York alleging a mortgagee on government-insured loans failed to follow program rules has been settled for more than $1 million.
Ocwen Changing Servicing System as Part of Orders
As part of consent orders reached with multiple states, Ocwen Financial Corp. has agreed to transition away from its current mortgage servicing system and improve its servicing practices.