BofA, Citi Fall Short on Servicer Settlement Tests
Bank of America Corp. and Citigroup Inc. have failed to meet some of the requirements of the national servicer settlement -- though the shortfall might be partly due to changes made to comply with new servicing rules.
MBS Lawsuits: Phase II
Up to this point, residential mortgage-backed securities lawsuits had primarily focused on entities involved in issuance. Now, trustees are the target.
BofA To Appeal $1 Million Robocall Judgment
Bank of America Corp. has indicated its intention to appeal a judge's denial of its motion to vacate a more than $1 million judgment in favor of a Florida couple.
Prison for Former Executives of Failed MO Firm
A third senior executive has admitted his role in a bank fraud scheme that kept a Missouri company afloat as it racked up a huge deficit.
Harassing Mortgage Calls Cost BofA Over $1 Million
A Florida couple has won a judgment of more than $1 million against Bank of America Corp. in a federal lawsuit accusing the lender of hundreds of harassing phone calls.
Bankruptcy Filings Tumble
New consumer bankruptcy cases were down by more than a fifth last month, while full-year filings are positioned to reach a seven-year low.
Layoffs Mark RBS' Final Exit from U.S. MBS
With the elimination of mortgage-backed securities jobs in Connecticut, RBS will close the book on its venture into its U.S. MBS business.
Illinois County Sues Wells Over Alleged Discrimination
A federal lawsuit has been filed against Wells Fargo & Co. alleging that the lender discriminated against minority borrowers.
Wells Fargo Battling Former Big LO in Court
A former loan originator at Wells Fargo & Co. has sued the company -- alleging that he was fired because he would not participate in illegal activity as demanded by his supervisor.