Reverse Mortgage Firms Agree to Settlements
A trio of reverse mortgage companies has agreed to settle allegations that they misled prospective borrowers with deceptive advertising.
Consumer Bankruptcies Down 3 Months in Row
In addition to falling from a month earlier and a year earlier, the number of consumer bankruptcy filings has retreated for three consecutive months.
Former Net Branch Giant Loses FHA Lawsuit
The government has won a lawsuit against a former net branch mortgage giant that will cost the firm and its chief nearly $100 million.
Bank Sued Over Alleged Mortgage Discrimination
A lawsuit filed against a bank in the state of New York alleges it offered better terms and higher loan amounts to white customers than better qualified black customers.
Subprime RMBS Settlement at Ally
Ally Financial Inc. has agreed to settle allegations of misleading marketing on the sale of subprime residential mortgage-backed securities.
CFPB Seeks Rehearing in PHH Lawsuit
The Consumer Financial Protection Bureau is challenging an appeals court ruling in a lawsuit filed by PHH Mortgage Corp. that would enable the president to fire the agency's director.
Quicken Wins Venue Battle in FHA Lawsuit
Quicken Loans Inc. has won a battle in its war against the Department of Justice over alleged improper underwriting on government-insured residential loans.
PrimeLending Settles Allegations of Overcharges
PrimeLending has agreed to settle allegations that it overcharged interest to hundreds of California borrowers on new home loans they took out.
PHH Settles Alleged Servicing, Origination Abuses
Allegations that PHH Mortgage Corp. has been deficient in its mortgage origination and servicing practices in New York have been been settled.
Wells Fargo Discloses Government Investigations
Wells Fargo & Co. has disclosed it is being investigated about the origination and securitization of home loans as it faces more fallout from the fraudulent account scandal.
Consumer Bankruptcy Filings Fall Again
For the second month in a row, fewer U.S. consumers resorted to U.S. Bankruptcy Courts to absolve themselves of debt.