Another Freddie Repurchase Settlement
The Federal Home Loan Mortgage Corp. has racked up another settlement with a large seller-servicer over repurchase demands.
Wells Fargo, Citi Sued by Los Angeles
Two mortgage lending giants have been sued by the city of Los Angeles over allegations of predatory and discriminating lending practices.
Cities Find Ally for Eminent Domain Scheme
In the eminent domain battle between municipalities and mortgage-backed securities investors, the municipalities have gained two more allies.
Bankruptcy Filings On Pace for Six Year Low
Bankruptcy filings tumbled last month, with filings on pace to come in at the lowest level in six years. Consumer bankruptcies might fall below a million for the first time in six years.
Servicers Fall Short on Settlement Compliance
A review of how mortgage servicers have complied with requirements of last year's massive settlement found that they came up short in several areas -- though they are addressing the shortcomings.
MERS On a Streak
MERSCORP Holdings Inc. won another battle in its war with counties across the country that claim the registry is illegally skirting recording fees.
Legal Uncertainty Weighs on BofA Shares
Shares of Bank of America Corp. have come a long way since falling below $3 during the depths of the financial crisis. But the price of BofA's common stock remains well below its pre-crisis high as future litigation costs remain uncertain.
BofA Reaches Repurchase Settlement With Freddie
A repurchase settlement between Bank of America Corp. and the Federal Home Loan Mortgage Corp. pales in comparison to another repurchase settlement BofA reached earlier this year.
Big Banks Manage Huge Legal Costs
Although the nation's big banks have already incurred more than $100 billion in costs for repurchases and mortgage-related litigation, more such expense could be ahead. But the group should be able to withstand the hit.
MERS Scores Another Victory Over Counties
Following several rulings in favor of Mortgage Electronic Registration Systems Inc. in lawsuits filed by counties in several states, a federal judge has handed down another favorable ruling.