Former SunTrust Executive, Relatives Convicted
A former executive at SunTrust Mortgage Inc., his wife and two brothers-in-law have been convicted for running a mortgage fraud scheme.
Large Mortgage Settlement at HSBC
HSBC Bank USA, N.A., agreed to a settlement valued at hundreds of millions of dollars over allegations of abuses in home lending, servicing and foreclosures.
Decline in Monthly Consumer Bankruptcies
Whether on a month-over-month basis or a year-over-year basis, the number of consumers who resorted to bankruptcy last month retreated.
Wells Fargo Tentatively Settles FHA Lawsuit
A tentative settlement reached for more than $1 billion between Wells Fargo & Co. and the government resolves claims of reckless underwriting and fraudulent loan certifications on government-insured loans.
Morgan Stanley Settles RMBS Claims
Morgan Stanley & Company LLC has agreed to settle its alleged role in the failure of three federally insured banks that closed between 2009 and 2011.
First Tennessee Settles Discrimination Allegations
First Tennessee Bank, N.A., has agreed to settle allegations that it discriminated against blacks and Hispanics who were applying for home loans.
Report Highlights Weak Financial Crime Prosecution
There's a new Warren report out, and this one takes a look at the poor job by federal prosecutors and regulators of prosecuting financial crimes.
Va Settles MBS Lawsuit for Far Less Than Sought
A lawsuit by the state of Virginia seeking more than a billion dollars and alleging fraud in the sale of mortgage-backed securities has been settled for less than $0.1 billion.
Bad Refinance Costs Subprime Lender Nearly $400k
A subprime mortgage lender that lost nearly $400,000 from a refinance gone bad has lost an appeal to recover the money from JPMorgan Chase & Co.'s banking subsidiary.
Ocwen Settles Allegations It Misled Investors
Allegations involving a loan from Altisource Portfolio Solutions that helped Ocwen Financial Services mislead investors have been settled.