Pennsylvania AG Corbett Urges Consumers to File Foreclosure Complaints
Pennsylvania Attorney General Tom Corbett has urged Pennsylvania homeowners to file complaints concerning questionable mortgage foreclosures as part of an ongoing investigation by the Attorney...
View ArticleCalifornia AG Brown Files Suit Against Fraudulent Forensic Loan Mod Scammers
California Attorney General Edmund G. Brown Jr. has filed a $60 million lawsuit against a pair of Sacramento, Calif.-based companies that lured desperate homeowners with a deceptive marketing scheme...
View ArticleGMAC and Bank of America Foreclosures Temporarily Halted in Maine
Janet Mills, Attorney General for the state of Maine has announced that both GMAC Mortgage and Bank of America have agreed to stop foreclosures temporarily in the state. This announcement comes just as...
View ArticleObama Administration Announces Nearly $73 Million in Housing Counseling Grants
In an effort to help families find decent housing and to prevent future foreclosures, the Obama Administration has announced nearly $73 million in housing counseling grants to more than 500 national,...
View ArticleGroup Claims Fed's Proposals Could Foster Predatory Lending Among Reverse...
In response to proposed changes to home lending rules from the Federal Reserve Board (FRB) that not only exceed its authority, but could actually encourage predatory lending targeted at the elderly, a...
View ArticleCalifornia AG Harris Creates Foreclosure Relief Fund From Countrywide Settlement
California Attorney General Kamala D. Harris has announced a $6.5 million settlement of a predatory lending case against Angelo Mozilo and David Sambol, former officers of Countrywide Financial...
View ArticleFederal Prosecutors Dismiss Case Against Ex-Countrywide CEO Mozilo
The U.S. Justice Department has agreed to drop a two-year criminal investigation into former Countrywide head Angelo Mozilo on charges of insider trading. Red flags were raised as Mozilo sold $140...
View ArticleHouse Financial Services Committee Targets End to Obama's HAMP Program
The House Financial Services Committee has set March 3 as the date when they will vote on a measure to end the Obama Adminstration's Home Affordable Modification Program (HAMP), which, according to the...
View ArticleJoe Cliver Joins the DocuTech Team
DocuTech Corporation (DocuTech), a provider of mortgage compliance documents, closing documents and initial disclosures for the mortgage industry, has announced that Joe Cliver has been named account...
View ArticleDocument Express and SaM Solutions Partner on Doc Prep Solution
An alliance between Document Express Inc. and SaM Solutions US will make ordering initial disclosures, loan closing documents, predatory lending/high-cost analysis and flood determinations as easy for...
View ArticleAvista Solutions Announces Partnership With ComplianceEase
Avista Solutions has announced its completion of a direct integration to ComplianceAnalyzer, an industry leading, automated compliance auditing solution from risk management solution company...
View ArticleIllinois AG Madigan Files Suit Against S&P for Risky MBS Ratings
Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard & Poor's (S&P) for its fraudulent role in assigning its highest ratings to risky mortgage-backed securities (MBS) in...
View ArticleNew York AG Reaches $4 Million Settlement With Foreclosure Mill
New York State Attorney General Eric T. Schneiderman has announced an agreement with Steven J. Baum PC, Pillar Processing LLC, Steven J. Baum, and Brian Kumiega, requiring them to pay $4 million to New...
View ArticleFTC Puts a Stop to Alleged Foreclosure Rescue Scam
At the request of the Federal Trade Commission (FTC), a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by...
View ArticleSeven Questions the Candidates Need to Answer Regarding the Housing Crisis
Less than three months before the presidential election, a new commentary from the Center for American Progress aims to elevate a critical issue that has yet to be discussed on the campaign trail—the...
View ArticleJudge Okays Predatory Lending Suit Against Morgan Stanley
A federal court has ruled that a landmark discrimination lawsuit against Morgan Stanley can move forward. Judge Harold Baer denied in part the investment bank’s motion to dismiss the case, which...
View ArticleNationstar Faces $35 Million Home Auction Suit
Lewisville, Texas-based Nationstar Mortgage has had a rough 2013. Back in March, the mortgage servicer was accused of harming investors by auctioning off securities.Click to continue
View ArticleCongress Schooled on the QM Rule
The House Subcommittee on Financial Institutions and Consumer Credit held a hearing Tuiesday entitled, “How Prospective and Current Homeowners Will Be Harmed by the CFPB’s Qualified Mortgage Rule,”...
View ArticleCook County Sues Wells Fargo on Predatory Lending Charges
The government of Illinois’ Cook County has filed a federal lawsuit against Wells Fargo, charging that the nation’s largest mortgage lender engaged in predatory lending practices aimed at minority...
View Article
More Pages to Explore .....