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Mortgage Industry Lawsuits

litigation news for mobile | Mortgage Litigation Index

Last Updated December 18, 2014 11:43 AM Central

Mortgage Firms Bolster Retail Management
Two mortgage bankers have appointed executives to help build their retail businesses. Recent executive moves at other firms are intended to strengthen digital assets, legal resources and servicing management.

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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.

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