Former Officials at 2 Failed Banks Sued by FDIC
Diverse Topics Tackled at Upcoming Mortgage Events
Two lawsuits recently filed by the Federal Deposit Insurance Corp. bring to 23 the number of failed Georgia banks that have seen former officers and directors sued during the past three years.
Topics being covered at upcoming mortgage conferences include bankruptcy, secondary marketing and loan servicing. Diversity is the focus of one event.
Underwriter Wins Appeal in Overtime Lawsuit
A federal appeals court has brought a mortgage underwriter's lawsuit back to life after the case was dismissed more than two years ago.
FHFA Reaches Settlement With Chicago
A settlement between the city of Chicago and the Federal Housing Finance Agency puts lingering issues to rest.
Citi Agrees to Settle Repurchase Claims for $1 Bil
Citigroup Inc. has agreed to pay more than $1 billion to settle repurchase claims on non-agency securities.
Bankruptcies Rise 3 Months in a Row
Bankruptcy case volume was up more than a quarter in a single month and has deteriorated for three consecutive months.
LPS Defending Itself Against County's Lawsuit
A recently amended lawsuit by an Indiana county alleges LPS Real Estate Solutions Inc. bypassed the county's login system and avoided fees.
HECM Lenders Settle With HUD
Bank of America Corp., which has been out of the reverse mortgage business for years, was among two companies to settle charges of violating guidelines on government-insured reverse mortgages.
Fmr 1stPlus CEO: Mob Got Control W/False Accusations
The former chief executive officer of FirstPlus Financial Group claimed in testimony that the mob used a false accusation to seize control of the company.