Mortgage Fees
A $5 million federal class action claims that Seterus, a mortgage servicer, charges illegal fees for paying online.
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Eighth Circuit Hears Dispute Over Mortgage Profits
The Eighth Circuit heard arguments Tuesday over whether the diversion of Fannie Mae and Freddie Mac’s profits to the U.S. Treasury Department after the 2008 financial crisis illegally stiffed shareholders.
Read moreCourt Rules Investors Can’t Claim Post-Bailout Mortgage Profits
In a ruling Thursday, the Seventh Circuit upheld the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury Department as a condition of their $188 billion bailout during the 2008 financial crisis.
Read moreWells Fargo Fined $1B for Auto, Mortgage Loan Abuses
Federal regulators slammed Wells Fargo with $1 billion in fines on Friday for its force-placed auto insurance policies and for making mortgage customers pay the fees it was supposed to carry.
Read moreAppeals Court Grapples With Florida Foreclosure Battle
The 11th Circuit showed impatience Tuesday for both Wells Fargo and the homeowners suing the bank over an unsuccessful foreclosure action that they say caused them emotional distress.
Read more‘Mortgage Assistance’ Scam
The FTC unsealed a federal complaint accusing the American Home Servicing Center, the Capital Home Advocacy Center, the National Advocacy Center and others of a long-running mortgage assistance scam.
Read moreMary J. Blige Sued for $9 Million on Mortgage Notes
Accusing Mary J. Blige of falling behind on mortgage payments for two New Jersey homes, Apex Bank brought a $9 million complaint Friday against the star and her ex-husband.
Read moreRBS to Pay $500M for Deception on Mortgage-Backed Securities
The Royal Bank of Scotland agreed to pay $500 million to New York for using deceptive practices while marketing and selling mortgage-backed securities before the 2008 financial crisis, under a settlement announced on Tuesday.
Read moreNot Cricket
Merscorp Holdings and Mortgage Electronic Registration Systems brought a federal complaint against an Idaho man it says has blown off several cease-and-desist letters for operating under the name of the MERS national database.
Read moreBid to Dismantle CFPB Rejected by En Banc Court
Backing the independence of the Consumer Financial Protection Bureau, the D.C. Circuit ruled 7-3 Wednesday that leaders of the agency are protected “from at-will removal by the president.”
Read moreStates Settle With Mortgage Servicer PHH for $45M
Accused of hurting borrowers in the 2008 financial crisis, PHH Mortgage reached a $45 million federal settlement Wednesday with 49 states and the District of Columbia.
Read moreGreece to Arrest Court Protesters as Property Auctions Loom
Greece’s parliament is set to approve tougher restrictions against anti-bailout protesters who have sought to block the auction of homes that have gone into default because their owners can’t meet mortgage payments.
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Fannie Mae Shareholders Lose Another Fight Over Post-Bailout Mortgage Profits
A federal judge in Delaware dismissed a shareholder action challenging the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury as a condition of the mortgage giants’ $188 billion bailout during the 2008 financial crisis.
Read moreSeventh Circuit Hears Fight Over Post-Bailout Mortgage Profits
The Seventh Circuit heard arguments Monday on whether the Federal Housing Finance Agency had the authority to divert mortgage giants’ future profits to the U.S. Treasury as a condition of their $188 billion bailout during the 2008 financial crisis.
Read moreHomeowners’ Claims Against Suntrust Fail in DC
A federal judge in D.C. dismissed homeowners’ claims against their mortgage underwriters based on alleged violations in the securitization of their mortgage loans.
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Canadian Couple Say Mortgage Fraudster Cleaned Them Out
A couple who wanted to refinance their mortgage in Canada claim in a federal complaint that they lost their shirts after crossing paths with a notorious fraudster.
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