Bogus Impac Mortgage CEO Emails Sent to Consumers
Consumers have received emails from someone claiming to be the chief executive officer of Impac Mortgage Corp. and requesting money in order to receive a loan. But the messages are fraudulent.
Calif Hits Another Lender for Interest Overcharges
For the second time this month, a mortgage lender has agreed to settle allegations by the Golden State of illegal interest charges. The latest settlement also resolves charges of unlicensed servicing.
IBERIABANK Settles FHA False Claims Lawsuit
A lawsuit alleging that IBERIABANK Corp. made false claims on residential loans that are insured by the Federal Housing Administration has been settled for nearly $12 million.
Nationstar Settles Alleged Interest Overcharges
Nationstar Mortgage LLC has agreed to a more than $9 million settlement that resolves allegations it overcharged borrowers for interest and collected illegal fees.
CIT Settles With Ocwen
The banking subsidiary of CIT Group Inc. has agreed to settle claims by the servicing subsidiary of Ocwen Financial Corp. that it should have been reimbursed for servicing errors.
Consumer Bankruptcies Rise From Year Earlier
While the number of consumers who sought relief from their liabilities improved on a month-over-month basis, consumer bankruptcies turned higher from a year ago.
Guaranteed Rate Sues Former Executive
A lawsuit has been filed against a former executive of Guaranteed Rate Mortgage for allegedly conspiring to recruit a group of employees for a rival.
Ocwen Agrees to Settlement With Investor
A settlement has been reached between Ocwen Financial Corp. and an investment fund that is located in the Northeast.
Walter Investment Files Bankruptcy
Walter Investment Management Corp. has filed for bankruptcy as expected. The company hopes to wipe out nearly $1 billion in outstanding debt.
Judge Rules in Favor of Trump in CFPB Dispute
An attempt by an Obama-era official to stop the Trump administration from appointing an interim director at the Consumer Financial Protection Bureau has failed.