Lawsky Leaves Legacy in Mortgage Lending
One of the most powerful state regulators leaves a legacy of actions against mortgage firms as he steps down from his post in the Empire State.
Government Objects to Quicken Home Town Court Venue
The U.S. government is objecting to Quicken Loans Inc.'s attempt to establish the court venue in a legal wrangling between the Department of Justice and the online lender.
Mortgage Processor Arrested
A former mortgage processor has been arrested for allegedly stealing more than $200,000 from a home loan borrower's account.
Complaint Accuses Fannie of Discrimination
A complaint filed against the Federal National Mortgage Association by multiple fair housing groups accuses the government-controlled enterprise of discrimination.
Avoid Discrimination on Section 8 Applicants
Mortgage firms are being advised about how to avoid charges of discrimination by recipients of public housing assistance-- providing an opportunity to avoid missteps of the past.
Settlements Reached With Taylor Bean Note Investors
Settlements have been reached between Bank of America Corp. and note investors of a company that spectacularly collapsed.
Mortgage Lenders Defend Non-Compliance Claims
A rare award of punitive damages against a lender, an appeals win by a widow fighting foreclosure and allegations of shoddy underwriting on government loans are among some of the actions in mortgage compliance litigation.
Identity Fraud Drives Up Risk of Mortgage Fraud
A quarter-over-quarter increase in the risk of identity fraud drove a rise in the risk of overall mortgage fraud.
Bankruptcy Filings Ease
Slightly fewer new bankruptcies were filed by consumers last month, and the improvement was even more impressive compared to a year earlier.