RBC Found Liable in Thornburg Case
A unit of Royal Bank of Canada has been been found liable for $45 million in a lawsuit filed on behalf of the now-defunct Thornburg Mortgage Inc.
Owner of Former VA Mortgage Lending Giant Sued
The owner of a closed mortgage firm has been added to a federal whistleblower lawsuit accusing the company of overcharging veterans and defrauding the government.
MBS Trustee Sued by Bank Regulator
Texas Firms Lose FHA Approval Over Bogus Fees
A mortgage-backed securities investor lawsuit against The Bank of New York Mellon Corp. focuses not on the company's role in the original issuance, but on its role as trustee.
A pair of firms operating in the Lone Star State have lost approval to originate government-insured mortgages because of allegedly charging illegitimate fees.
Consumer Bankruptcies Up, But Off From Year Earlier
Although there was a month-over-month increase in new consumer bankruptcies, the volume has subsided from a year earlier.
Mortgage Firm Owner Admits Warehouse Line Fraud
The former owner of a Southern California mortgage banking firm has admitted that he duped his warehouse lender.
Appeals Court Overturns PA Judgment Against MERS
A federal judgment against MERSCORP Inc. in favor of a Pennsylvania county has been overturned by a appellate court.
Former HUD OIG Special Agent Convicted of Fraud
A federal jury in Georgia has convicted a former law enforcement officer with supervisory responsibility for mortgage fraud investigations of mortgage fraud, himself.
CFPB Being Challenged On Multiple Fronts
As legislation is introduced by Republicans in Congress to abolish the Consumer Financial Protection Bureau, a federal appeals court has given the go ahead on a lawsuit challenging the regulator's structure.