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Mortgage Industry Lawsuits

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Last Updated Monday, April 14, 2014 12:58 PM Central

Former Officials at 2 Failed Banks Sued by FDIC
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.

New Foreclosure Filings Tick Up, REOs at 6-Year Low
New foreclosures filings increased on a month-over-month basis, as did total filings. But completed foreclosures fell to the lowest level in more than six years.

Foreclosure filings up 4% in March

Diverse Topics Tackled at Upcoming Mortgage Events
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.

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Financial Regulation News | Mortgage Regulations | Financial Regulation Newsletter
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C F P B Compliance Relief
Control Solutions International is helping mortgage firms and banks maintain compliance with an array of new C F P B rules.
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Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

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