Government Sees Massive Recoveries from Whistleblowers
Whistleblower actions have helped the U.S. government amass a mountain of cash from financial institutions, and modifications to one law could lead to more cash and prosecutions.
Ratings Agencies Lose Appeals
Appeals filed by a pair of ratings agencies in a lawsuit alleging massive losses suffered as a result of rosy ratings on mortgage securities have been dismissed.
Lender Penalized for Denying Loan on Indian Reservation Property
A residential lender that denied a Native American couple's loan request because their property is on an Indian reservation ended up settling with the couple.
Refinance Mortgage Leads Settlement
A company that generates refinance mortgage leads has settled charges that it misled loan prospects about the cost of the transactions.
HSBC Latest to Settle MBS Lawsuit With FHFA
Another settlement has been reached over the sale of shoddy private-label mortgage-backed securities to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.
Maternity Discrimination Settlements Pile Up
Another home lender has agreed to resolve allegations that it discriminated against a borrower on maternity leave -- bringing to 14 the number of such settlements reached over the past three or so years.
Monthly Bankruptcy Filings Ease
July saw fewer bankruptcy filings than the prior month, while the year-over-year improvement was the best so far in 2014.
NY AG Litigating Redlining
New York's lawyer in chief has sued a bank in the state over alleged redlining and is warning that more such actions could follow.
Indictments Handed Down in Massive FHA Fraud Case
The owner of a mortgage company -- along with loan originators, other employees and real estate developers -- has been indicted in a huge case involving government-insured mortgages.
Town, County Lose Appeals Against GSEs
A federal appeals judge ruled in favor of the government-sponsored enterprises in separate lawsuits filed by municipalities in two different states.