Judge Removed from Bench for Mortgage Fraud
An Illinois judge who was indicted earlier this month for allegedly committing mortgage fraud has been removed from the bench.
20-Point Increase Expected in Credit Scores
A change in the way some public records are included in consumer credit files is likely to increase scores without any meaningful change in consumer behavior.
Ocwen Challenging CFPB Constitutionality
A day after filing emergency motions to stop two states' cease-and-desist orders, Ocwen Financial Corp. is turning to the Constitution to defend itself in a federal regulator's lawsuit.
Ocwen Asks for Restraining Orders
Ocwen Financial Corp. has filed emergency motions to reverse cease-and-desist orders issued by two states over allegedly deficient servicing practices.
Ocwen Under Regulatory Siege
Ocwen Financial Corp. Thursday was hit with multiple government lawsuits and regulatory orders issued by more than 20 states over its servicing practices and handling of escrow accounts.
Hispanic Discrimination Leads to Settlement
A trio of companies has settled allegations that they discriminated against a potential borrower because he is Hispanic.
Judge Indicted for Mortgage Fraud
An Illinois judge who came to the country as an immigrant has been indicted for allegedly lying on loan applications to obtain $1.4 million in mortgages.
PACE Lawsuit Says Consumers Misled
A federal lawsuit alleges that a provider of Property Assessed Clean Energy loans has been misleading homeowners about the transferability of the lien.
PNC Settles LO Overtime Lawsuit
A settlement has been reached in a lawsuit alleging that The PNC Financial Services Group Inc. failed to properly pay overtime to loan officers.
Another Settlement for United Wholesale Parent
For the second time since late last year, the parent of United Wholesale Mortgage has reached a settlement with government authorities. The latest action was due to interest overcharges.