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.
FDIC Wins Appeal in RMBS Case
A lower court's ruling against the Federal Deposit Insurance Corp. has been overturned on appeal, paving the way for the regulator to pursue losses from residential mortgage-backed securities.
Government Sues Guild Mortgage Over FHA Loans
Guild Mortgage Co. has become the latest target of the government in its witch hunt against lenders it claims improperly originate and underwrite government-insured loans.
Wells Fargo Fighting Whistleblower Lawsuit
A former employee of Wells Fargo & Co. is suing the home lender in a whistleblower action. He claims he was fired for not lying to distressed borrowers.
M&T Agrees to FHA Settlement
M&T Bank Corp. said it has become the 16th residential lender to settle claims of not meeting requirements on Federal Housing Administration mortgages.
Dozens of Firms Face FHA Actions
Actions recently taken against dozens of Federal Housing Administration mortgagees include civil penalties and the temporary or permanent loss of FHA approval.
Fewer Monthly Consumer Bankruptcies
Last month, there were fewer consumers that resorted to bankruptcy -- with new case activity slowing both on a month-over-month and year-over-year basis.
Ocwen Can't Foreclose on Some Loans
Ocwen Financial Corp. has been told to hold off on foreclosures for a group of distressed borrowers who weren't properly notified about loan modification denials.
NC Bank Settles Alleged Discrimination
A North Carolina financial institution has reached an agreement to settle allegations that it discriminated against prospective borrowers because of their race.