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Mortgage Industry Lawsuits

litigation news for mobile | Mortgage Litigation Index

Last Updated August 4, 2015 3:02 PM Central

Mortgage Firm Owner Admits Warehouse Line Fraud
The former owner of a Southern California mortgage banking firm has admitted that he duped his warehouse lender.

Appeals Court Overturns PA Judgment Against MERS
A federal judgment against MERSCORP Inc. in favor of a Pennsylvania county has been overturned by a appellate court.

Former HUD OIG Special Agent Convicted of Fraud
A federal jury in Georgia has convicted a former law enforcement officer with supervisory responsibility for mortgage fraud investigations of mortgage fraud, himself.

CFPB Being Challenged On Multiple Fronts
As legislation is introduced by Republicans in Congress to abolish the Consumer Financial Protection Bureau, a federal appeals court has given the go ahead on a lawsuit challenging the regulator's structure.

BofA's Appeal in Hustle Lawsuit Opposed by DOJ
The federal government has voiced its opposition to an appeal filed by Bank of America Corp. in a lawsuit involving loans sold from Countrywide Financial Corp. to the government-sponsored enterprises.

Judge Rules for Wells Fargo in LA v Wells
A lawsuit accusing Wells Fargo & Co. of predatory lending practices that targeted minorities in Los Angeles has been dismissed.

3 Banks Pay Majority of Regulatory Fines
JPMorgan Chase & Co. is one of three banks that have been saddled with a majority of fines assessed by regulators since the financial crisis.

Foreclosure Activity Worsens from Year Earlier
Despite a month-over-month improvement with three primary foreclosure metrics, activity worsened from the same month last year.
Total filings down 8% in June
Wingspan Bankrupt
After a spectacular rise to the top during the foreclosure crisis, special servicer Wingspan Portfolio Advisors LLC has landed in bankruptcy.

Mortgage Bankers Admit Defrauding FHA
Three people at a mortgage banking firm in the Miami area have admitted their roles in a massive fraud scheme involving government-insured mortgages.

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Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

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