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Mortgage Industry Lawsuits

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Last Updated Thursday, October 16, 2014 10:02 AM Central

Mortgage Losses Widen at BofA
An increase in new home lending at Bank of America Corp. wasn't enough to offset the cost of a recent massive settlement with the government.

Bankers Bribed in Secondary Marketing Scheme
A case out of Southern California involves bribes to bankers at JPMorgan Chase Bank, N.A., and other financial institutions in the sale of second mortgage notes.

U.S. Bank Strikes Bank at Housing Group
U.S. Bank is accused of doing a worse job maintaining real-estate-owned properties in Minneapolis' minority neighborhoods than it does in predominantly white areas.

Wells Fargo In Biggest Maternity Settlement So Far
While there have been plenty of settlements over the past three years related to alleged maternity leave discrimination, none has been as big as the one reached by Wells Fargo & Co.'s mortgage unit.

Former Bank Executives Appeal From Behind Bars
The former chief executive officer of a failed Virginia bank, his son and a former executive vice president have appealed their convictions from prison.

Bankruptcy Filings Ease
Fewer consumers across the country resorted to bankruptcy last month. Among all states, Mississippi had the worst bankruptcy rate.

Bank Settles Redlining Accusations
A discrimination settlement being made by a bank-holding company comes as lenders digest two other types of recent discrimination settlements.

OC Man Charged With Warehouse Lending Fraud
Charges have been handed down by a federal grand jury against an Orange County, Calif., man who allegedly duped his warehouse lender.

Investors Lose First Round in GSE Lawsuits
Speculators who picked up shares of Fannie Mae and Freddie Mac in order to sue the government were dealt a blow.

Servicing Rules Allegedly Violated in CFPB Action
Regulatory action has been taken in the case of a residential loan servicer that allegedly violated mortgage servicing rules with the way it handled loan modifications.

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