Massive Taylor Bean Lawsuit Settled
A $5.5 billion lawsuit filed by the trustee for bankrupt Taylor Bean and Whitaker Mortgage Corp. against an auditor has been settled.
FDIC Settlement Nets Chase Over $600 Million
A settlement reached between JPMorgan Chase & Co.'s banking unit and the Federal Deposit Insurance Corp. will cover more than $600 million in litigation costs paid by the bank.
Caliber Caught Up in Disparate Impact Case
A group of black borrowers whose distressed home loans were sold to investors by the Department of Housing and Urban Development claim they've been discriminated against.
Mortgage Servicer Defrauds Ginnie
The president of a servicer has been charged with stealing nearly $3 million from loans included in mortgage-backed securities guaranteed by the Government National Mortgage Association.
Favorable HOA Super Lien Ruling for Lenders
Mortgage lenders got a break from a federal appeals court in a case involving a homeowners association super lien. The decision will impact many Nevada lawsuits.
2 C-Suite Moves Among Mortgage Executive Activity
In addition to a pair of C-Suite appointments, recent mortgage executive activity includes a C-Suite firing and mid-level movement.
Bankers Charged With TARP Crimes Reach 80
Eighty executives of banks that received funds from the Troubled Asset Relief Program have so far been charged with crimes.
Consumer Bankruptcies Sink to 6-Month Low
The number of consumers who resorted to bankruptcy last month tumbled both on a month-over-month and year-over-year basis to the lowest level in six months.
HELOC Discrimination Settlement at Citizens Bank
A financial institution out of the East has agreed to settle allegations that it discriminated against a woman who was on maternity leave.
Chase's Mortgage Originations Run Upward
With a retail spike in quarterly home lending activity, overall mortgage production at JPMorgan Chase & Co. outran prior-period results.