Former Officials of Failed $2.7 Billion Bank Sued
Former directors and officers of a failed $2.7 billion bank are being sued for loans they made and rules they broke while at the helm of the financial institution.

HEL Business Continues Higher at BofA
Bank of America Corp., which reported a big loss on mortgage litigation expense, managed to lift home-equity production even as overall originations moved lower.

Former Officials at 2 Failed Banks Sued by FDIC
Two lawsuits recently filed by the Federal Deposit Insurance Corp. bring to 23 the number of failed Georgia banks that have seen former officers and directors sued during the past three years.

New Foreclosure Filings Tick Up, REOs at 6-Year Low New foreclosures filings increased on a month-over-month basis, as did total filings. But completed foreclosures fell to the lowest level in more than six years.

Underwriter Wins Appeal in Overtime Lawsuit
A federal appeals court has brought a mortgage underwriter's lawsuit back to life after the case was dismissed more than two years ago.

FHFA Reaches Settlement With Chicago
A settlement between the city of Chicago and the Federal Housing Finance Agency puts lingering issues to rest.

Citi Agrees to Settle Repurchase Claims for $1 Bil
Citigroup Inc. has agreed to pay more than $1 billion to settle repurchase claims on non-agency securities.

Bankruptcies Rise 3 Months in a Row
Bankruptcy case volume was up more than a quarter in a single month and has deteriorated for three consecutive months.

LPS Defending Itself Against County's Lawsuit
A recently amended lawsuit by an Indiana county alleges LPS Real Estate Solutions Inc. bypassed the county's login system and avoided fees.