Mortgage Lenders Navigate Discrimination Lawsuits
A decision is expected this summer from the nation's top court in a disparate impact case. Other activity in discrimination-related litigation includes an unsuccessful attempt at mediation and more routine court matters.
Huge FHA Settlement With MetLife
Years after abandoning the mortgage business, MetLife Inc. is paying more than $100 million to resolve false claims allegations on government-insured loans.
Judge Rules Against Fannie in REO Portfolio Sale Case
Fannie Mae was unsuccessful in its attempt to obtain a dismissal of a federal lawsuit accusing it of keeping a $100,000 deposit that an investor put down in an ultimately unsuccessful bid to acquire real-estate-owned assets.
High Marks for BofA in Settlement Performance
Bank of America Corp. is so far doing a good job fulfilling the terms of a settlement reached last year with federal and state governments, according to a watchdog report.
Employees v Mortgage Employers
A class action settlement rejected over excessive attorneys' fees, a state supreme court decision in favor of a lender whose worker was hit by a car while on a break and the ability of a federal agency to reverse itself without notice are the themes of this round of mortgage employment law cases.
Chicago Judge Accused of Mortgage Fraud
A county judge in Chicago has been removed from the bench while she awaits a hearing by a state commission over allegations of mortgage fraud.
Bank Crimes Prosecuted
A New Mexico bank manager and a Kansas loan officer are both accused of embezzling and face legal action in the next couple weeks. Among other bank crime cases is a bank director who faked his own death.
Banks Settle Alleged Illegal Veteran Foreclosures
The nation's biggest banks have agreed to pay more than $100 million to settle charges they unlawfully foreclosed on nearly a thousand service members.
NY Issues Consent Order Against Wells Fargo
The banking subsidiary of Wells Fargo & Co. has been penalized for issuing credit cards linked to equity on New York properties.