NY Foreclosure War Rages as Servicers, State Team Up
Mortgage holders in New York continue to battle delinquent borrowers, judges and challenges to standing based on, in one instance, "law office failure" and, in another, "clerical error." Servicers have teamed up with the state government to cut down on "zombie properties."
WI Bank Settles Mortgage Discrimination Charges
A bank based in Wisconsin and operating in three Midwest states has settled allegations that it discriminated against black and Hispanic mortgage borrowers.
Might Be 2 Years Before US v Quicken Goes to Trial
The battle between the U.S. government and Quicken Loans Inc. might not make it into a courtroom for two years.
Lawsky Leaves Legacy in Mortgage Lending
|Home Repossessions Jump Again
For the second consecutive month, a surge was reported in the number of foreclosures that were completed. New filings, however, were down.
One of the most powerful state regulators leaves a legacy of actions against mortgage firms as he steps down from his post in the Empire State.
Government Objects to Quicken Home Town Court Venue
The U.S. government is objecting to Quicken Loans Inc.'s attempt to establish the court venue in a legal wrangling between the Department of Justice and the online lender.
Mortgage Processor Arrested
A former mortgage processor has been arrested for allegedly stealing more than $200,000 from a home loan borrower's account.
Complaint Accuses Fannie of Discrimination
A complaint filed against the Federal National Mortgage Association by multiple fair housing groups accuses the government-controlled enterprise of discrimination.
Avoid Discrimination on Section 8 Applicants
Mortgage firms are being advised about how to avoid charges of discrimination by recipients of public housing assistance-- providing an opportunity to avoid missteps of the past.