Walter Investment Settles False Claim Allegations
Walter Investment Management Corp. has agreed to settle a whistleblower lawsuit filed by a former executive of its reverse mortgage business.
Quicken, DOJ Jockey for Venue in Dueling Lawsuits
A federal judge in Detroit heard arguments Thursday from the Department of Justice and Quicken Loans Inc. about whether litigation between and the lender and the government should be tried in Detroit or Washington.
Consumer Bankruptcies at Lowest Level in 6 Months
Fewer consumers resorted to bankruptcy last month, with monthly filings falling to their lowest level in six months.
Discrimination Lawsuits Against 3 Lenders Revived
A trio of dismissed lawsuits filed by the city of Miami against three of the country's biggest home lenders over alleged discrimination have been revived thanks to a federal appeals court.
RBC Found Liable in Thornburg Case
A unit of Royal Bank of Canada has been been found liable for $45 million in a lawsuit filed on behalf of the now-defunct Thornburg Mortgage Inc.
Owner of Former VA Mortgage Lending Giant Sued
The owner of a closed mortgage firm has been added to a federal whistleblower lawsuit accusing the company of overcharging veterans and defrauding the government.
MBS Trustee Sued by Bank Regulator
Texas Firms Lose FHA Approval Over Bogus Fees
A mortgage-backed securities investor lawsuit against The Bank of New York Mellon Corp. focuses not on the company's role in the original issuance, but on its role as trustee.
A pair of firms operating in the Lone Star State have lost approval to originate government-insured mortgages because of allegedly charging illegitimate fees.
Consumer Bankruptcies Up, But Off From Year Earlier
Although there was a month-over-month increase in new consumer bankruptcies, the volume has subsided from a year earlier.