Servicing Rules Allegedly Violated in CFPB Action
Regulatory action has been taken in the case of a residential loan servicer that allegedly violated mortgage servicing rules with the way it handled loan modifications.
Foreclosures By HOAs Wipe Out Mortgage Liens
Decisions made in separate lawsuits filed in Nevada and Washington, D.C., have mortgage lenders losing their liens when homeowners associations foreclose.
Risk of Identity Mortgage Fraud Intensifies
There was no quarterly change in the risk of mortgage fraud across the country. But likely instances of perpetrators hiding their identity worsened.
FDIC Sues Frmr CEO, Directors of Failed $1 Bil Bank
A new lawsuit filed against Bank of the Commonwealth's former chief executive officer, chairman and board members seeks at least $11 million in damages.
US Says Plenty of Evidence Countrywide Lied to GSEs
Bank of America Corp.'s attempt to avoid a more than $1 billion penalty from a federal lawsuit is being opposed by the government, which says it presented more than enough evidence to support the decision.
New Jersey Mortgage Fraud Cases Fit For a Movie
Three mortgage fraud cases out of New Jersey -- one involving a former mayor, another involving a mob accountant and a third involving a reality TV star -- are the stuff of movies.
Government Sees Massive Recoveries from Whistleblowers
Whistleblower actions have helped the U.S. government amass a mountain of cash from financial institutions, and modifications to one law could lead to more cash and prosecutions.
Ratings Agencies Lose Appeals
Appeals filed by a pair of ratings agencies in a lawsuit alleging massive losses suffered as a result of rosy ratings on mortgage securities have been dismissed.
Lender Penalized for Denying Loan on Indian Reservation Property
A residential lender that denied a Native American couple's loan request because their property is on an Indian reservation ended up settling with the couple.
Refinance Mortgage Leads Settlement
A company that generates refinance mortgage leads has settled charges that it misled loan prospects about the cost of the transactions.