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Last Updated November 24, 2015 10:07 AM Central

Former Cop Admits Role in Mortgage Broker Fraud
A former police officer who was honored for his efforts in reducing violent crimes has admitted to his role in a pre-crisis mortgage fraud scheme.

License Exam Cheating Costs New Day NY License
A scheme to cheat on license exams has cost New Day Financial LLC it's license to do business in New York. The action follows a multi-state settlement.

Appraisal Fees Lead to Multi-State Settlement
Prospect Mortgage LLC has agreed to a settlement with state mortgage regulators. At issue are fees charged to borrowers by an appraisal affiliate.

Another Mortgage Discrimination Settlement
The vigorous pace of settlements between the government and mortgage firms over allegations of discriminatory lending practices continues in Michigan.

REO Filings Recede as New Foreclosures Increase
Although there was a reprieve in the number of homes lost to foreclosure, servicers started the process on more properties.
October new foreclosure filings up 12% from prior month
BofA, Nationstar Sued Over Zero-Balance 2nd
A federal lawsuit against Bank of America Corp. and Nationstar Mortgage LLC alleges attempts to collect a second mortgage with no balance.

VA Updates Mortgage Policies for Same-Sex Couples
The Department of Veterans Affairs has revised its policies for processing and underwriting loan applications for same-sex married couples.

Wells Fargo Agrees to Bankruptcy Settlement
Wells Fargo & Co. settled allegations that its banking unit violated federal bankruptcy requirements on borrowers who were in Chapter 13 bankruptcy.

Mortgage Firm Sues Property Owners Over Title
A mortgage firm has been filing lawsuits against property owners in a Texas county where it claims to have title in a development due to a loan that it acquired.

Consumer Bankruptcy Filings Rise
More consumers resorted to bankruptcy last month than did during September. Business bankruptcy filings also moved up.

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