$1 Billion Wells Settlement Finalized
First the president tweeted it. Then the company warned about it. Now it is official: Wells Fargo & Co. has agreed to a $1 billion settlement with federal regulators.
Massive Judgment Against Founder of Mortgage Firm
Plaintiffs in a lawsuit who were awarded an enormous amount of money for alleged defamation by the founder of a mortgage company are taking steps to collect.
Nationstar Settles Alleged Servicing Abuses
For the second time this year, Nationstar Mortgage LLC has agreed to a settlement with a state located in the Northeast for alleged servicing abuses. Problems with originations were also identified.
Consumer Bankruptcies Surge to Highest Level in Year
It has been a year since the number of consumers who resorted to bankruptcy was as high as it was last month. Rising rates could strain consumers.
Bankers Score Legal Victory Over Credit Unions
The country's bankers are cheering a decision from a federal court that found a regulator went too far in expanding credit unions' fields of membership.
Barclays Agrees to Subprime RMBS Settlement
Barclays has agreed to a multi-billion-dollar settlement to resolve allegations that it misled investors about the quality of non-prime residential mortgage-backed securities.
Reverse Mortgage Lender Settles With HUD
A settlement has been reached with a reverse mortgage lender that allowed someone to sign loan documents even though he didn't have the authority to do so.
Mortgage Firm Settles Investor Fraud Allegations
A company that purportedly invests in real estate notes has agreed to settle charges that it misled investors and used the capital raised for purposes other than promised.
UBS Agrees to RMBS Settlement
Two units of UBS have agreed to settle allegations that they misled investors about the quality of toxic mortgage securities.
Fee Simple: Understanding CA's New Recording Fees
On Sept. 29, 2017, California Gov. Jerry Brown signed Senate Bill 2, the Building Homes and Jobs Act, authored by Senator Toni Atkins (D-San Diego).