A nonprofit news organization blocked from running bus ads on racial disparities in mortgage lending urged the Third Circuit on Wednesday to rule against a transit authority’s advertising policy.
Read moreThe Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a cost to taxpayers of $187 billion, which has been repaid.
Read moreThe SEC claims in federal court that Michael C. Hild, 43, of Richmond, Va., pocketed “more than $24 million in compensation which was funded wholly or substantially by the ill-gotten gains” that his co-defendant company Live Well Financial “obtained through its mismarking scheme” involving bonds and reverse mortgages.
Read moreReversing, a California appeals court found that Wells Fargo’s mortgage modification contract was ambiguous, as the borrower claims, about the bank’s ability to demand a balloon payment after completion of the temporarily lowered mortgage payments.
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It’s 11:30 in the morning and Antonio Díaz begins shouting at the top of his lungs. He hollers at the towering court building, condemning the judges and prosecutors behind the walls and rows of glass windows. His hands and body tremble in rage.
Read moreNomura Securities International will pay $25 million to settle two related complaints of failing to supervise traders in mortgage-backed securities, the SEC said.
Read moreHit with a $750,000 verdict in favor of a man whom officers tackled and Tasered at a sheriff’s sale, Philadelphia fought at the Third Circuit on Monday for a reversal.
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Already convicted federally on a host of financial crimes, former Trump campaign chairman Paul Manafort pleaded not guilty Thursday to related criminal charges by New York authorities.
Read moreA federal judge granted a motion to compel discovery from the Real Estate Law Center, which New Mexico accuses of advertising mortgage relief and sought fees in violation of the Mortgage Assistance Relief Services Rule.
Read moreA federal judge remanded to state court some claims in which CMG Mortgage is accused of failing to modify the homeowners’ loan after they obtained $100,000 in mortgage assistance from the Keep Your Home California state program.
Read moreReviving fair-housing claims, the 11th Circuit ruled that Miami plausibly alleged Wells Fargo’s discriminatory mortgage-lending practices injured the tax base, resulting in “a disproportionate and excessive number of defaults by black and Latino homebuyers.”
Read moreMore than a decade after the bottom fell out the U.S. economy and the housing market tanked, multinational investment company Morgan Stanley has agreed to pay California $150 million to settle claims the company hid the riskiness of mortgage-backed securities sold to the state’s public employee pension funds.
Read moreIn February 2012, with California still reeling from the Great Recession, then-state Attorney General Kamala Harris delivered a bit of good news to Gov. Jerry Brown: The nation’s largest mortgage banks had agreed to pay the state $410 million directly for their role in the subprime mortgage fiasco.
Read moreA law firm that carried out a nonjudicial foreclosure against a homeowner who defaulted on his loan does not qualify as a debt collector, the U.S. Supreme Court ruled Wednesday.
Read moreThat Paul Manafort committed crimes within Manhattan borders is by now indisputable. What divides experts, however, is whether the new state charges unveiled against the former Trump campaign chair can withstand a double-jeopardy challenge.
Read moreThe average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, Freddie Mac said Thursday, marking a boost from 4.45 percent last week and from 4.22 percent a year ago.
Read moreU.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall.
Read moreA federal judge dismissed with prejudice Loan Payment Administration LLC’s lawsuit against Marin County, which threatened to sue it for deceptive business practices in solicitation letters involving mortgage payments.
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