Large RMBS Settlement at Morgan Stanley
Morgan Stanley has agreed to a huge settlement over its role in the sale and issuance of subprime residential mortgage-backed securities -- bringing to $5 billion the total it's paid in such agreements.
Impac Loses Appeal in MBS Insurance Lawsuit
A federal appeals court has ruled against Impac Mortgage Holdings Inc. in a lawsuit over insurance coverage on mortgage-backed securities.
Attorneys Blame BofA for Clients' Mortgage Fraud
Attorneys for three defendants are trying to convince a federal judge that Bank of America Corp.'s lax lending policies were responsible for their clients' mortgage fraud.
HUD Duped by Closing Attorney
A closing attorney who is accused of defrauding the Department of Housing and Urban Development out of more than $1 million has been arrested.
Multiple Mortgage Topics Addressed at Conferences
Multiple mortgage servicing conferences are among upcoming industry events -- though other conventions will touch upon mortgage fraud, licensing and banking. Also ahead are conferences covering mortgage-backed securities and litigation.
Former SunTrust Executive, Relatives Convicted
A former executive at SunTrust Mortgage Inc., his wife and two brothers-in-law have been convicted for running a mortgage fraud scheme.
Large Mortgage Settlement at HSBC
HSBC Bank USA, N.A., agreed to a settlement valued at hundreds of millions of dollars over allegations of abuses in home lending, servicing and foreclosures.
Decline in Monthly Consumer Bankruptcies
Whether on a month-over-month basis or a year-over-year basis, the number of consumers who resorted to bankruptcy last month retreated.
Wells Fargo Tentatively Settles FHA Lawsuit
A tentative settlement reached for more than $1 billion between Wells Fargo & Co. and the government resolves claims of reckless underwriting and fraudulent loan certifications on government-insured loans.
Morgan Stanley Settles RMBS Claims
Morgan Stanley & Company LLC has agreed to settle its alleged role in the failure of three federally insured banks that closed between 2009 and 2011.