Several Correspondent Lenders Settle With ResCap
Nearly a dozen correspondent mortgage lenders have agreed to a settlement with a unit of bankrupt Residential Capital LLC.
Ocwen Settles False Claims Allegations
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.
BofA Gets Break in Bankruptcy Case
Bank of America Corp. has won a battle in the case of bankrupt borrowers who sought to void a mortgage because of missing signatures.
Former Countrywide Chief Off the Hook
A civil lawsuit planned by the government against Countrywide Financial Corp.'s founder and former chief executive officer has reportedly been dropped.
Bank Settles Discrimination Charges on AUS Denials
First-Citizens Bank & Trust Company has settled charges that manually underwritten white borrowers were denied less for mortgages than their non-white counterparts.
Consumer Bankruptcy Filings Fall to 3-Month Low
The number of new bankruptcy filings that were made last month by consumers descended to the lowest level during the last three months.
Investment Bankers Settle RMBS Claims
Several investment banking firms have agreed to settle lawsuits for their alleged roles in the failure of five federally insured financial institutions.
Ginnie Issuer Settles Fraud Charges
An issuer of residential mortgage-backed securities guaranteed by the Government National Mortgage Association has agreed to settle charges it defrauded investors.
Ocwen Touts Results from Independent Analysis
Challenges by hedge funds to Ocwen Financial Corp.'s handling of distressed loans it serviced have been answered with a satisfactory report from an independent consultant.
Appeals Court Rules for BofA in "Hustle" Case
A federal judge's ruling requiring Bank of America Corp. to pay more than $1 billion in penalties over agency loans originated by Countrywide Financial Corp. in its "Hustle" program has been reversed on appeal.