Man Murdered While Appraising Property
A Michigan man opened fire on two men when they came to value and secure his property that had been foreclosed. One of the victims has died.
HSBC Finalizes Large Subprime RMBS Settlement
A large settlement being negotiated between the government and HSBC Holdings plc over the British bank's role in the issuance of residential mortgage-backed securities has been finalized.
Bank Accused in Lawsuit of Mortgage Discrimination
A bank in Connecticut is accused in a federal lawsuit of discriminating against consumers who lived in predominantly minority neighborhoods.
Consumer Bankruptcies Drop from Month, Yr Earlier
A sharp drop in monthly consumer bankruptcy filings was complimented by a year-over-year improvement. States with the most filings per capita were concentrated in the South.
Defunct Foreclosure Trustee Settles With DOJ
A lawsuit filed by a service member against PHH Mortgage Corp. and a defunct foreclosure trustee that was dismissed by a federal judge caught the attention of the Justice Department -- which has extracted a settlement from the trustee on behalf of multiple service members.
loanDepot, AMC Settle Claims of Discrimination
loanDepot.com LLC and an appraisal management company have reached an agreement to settle claims that borrowers were discriminated against because their properties were located on Indian reservations.
Attorney Still Working on Lehman Mortgages
An attorney who was hired a decade ago to borrowers and mortgage brokers involvded in fraudulent mortgages owned by the bankruptcy estate of Lehman Brothers Holdings is still at it.
4-Month High for Consumer Bankruptcies
Consumer bankruptcies worsened last month, with filings climbing to the highest level in four months. If the trade group for the bankruptcy industry has its way, more consumers will have access to bankruptcy.
St. Louis Mortgage Firm Goes Bust
A residential lender out of St. Louis that was at the center of a bitter divorce has ended operations and could be forced out of receivership.
Judgment Against RE Agent Impacts Mortgage Firms
A recent decision in a federal lawsuit has a real estate agent liable for negligently passing on fraudulent wiring instructions. The case has implications for mortgage lenders.