A consumer watchdog can’t claw back $107 million from a mortgage payment company and its CEO for misleading borrowers, but the company must pay a $7.3 million fine for its misconduct, a federal judge has ruled.
Read moreHome prices surged higher in June led by sizable increases in Seattle, Washington; Portland, Oregon; and Dallas, Texas, Standard & Poor’s said Tuesday.
Read moreThe Royal Bank of Scotland on Wednesday reached a $5.5 billion settlement with the Federal Housing Finance Agency over mortgage-backed securities issued before the financial crisis.
Read moreMore than 100 Florida homeowners claim Bank of America fraudulently delayed or destroyed their applications to modify the terms of their mortgages to steal their homes and sell them at a profit.
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A federal judge Monday balked at the notion that a CEO can’t be held liable for $33 million due to the allegedly deceptive deeds of his mortgage payment company.
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A Pennsylvania businessman will get a new trial on his mortgage fraud case after jurors and witnesses caught his attorney sleeping during court proceedings.
Read moreThe president of a mortgage payment company on Wednesday denied using misleading sales tactics to bilk homeowners out of money during a bench trial that is expected to test the power of the Consumer Financial Protection Bureau.
Read moreState and federal authorities sued mortgage servicer Ocwen Financial Corp. on Thursday, saying the company mishandled millions of mortgage accounts.
Read moreA federal program created after the 2008 financial meltdown to assist struggling homeowners has ended, and a new report shows it helped nearly 3 million Americans keep their homes.
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Fired in the wake of Wells Fargo’s mortgage-kickback scandal, nine former staffers claim in court that the supervisors who instructed the illegal activity kept their jobs.
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New home sales rose 6.1 percent in February, the fastest pace since July, despite higher mortgage rates. The Commerce Department said Thursday that month-over-month new home sales rose at a seasonally adjusted rate of 592,000.
Read moreFewer Americans signed contracts to buy homes in January as higher mortgage rates and rising prices pushed by the limited supply of available residences inspired many to rethink their desire to plunge into the housing market.
Read moreElderly homeowners who have reverse mortgages are being charged excessive fees for unnecessary and illegal “drive-by” inspections, a class of consumers claims.
Read moreThe Seventh Circuit issued Bank of America a stinging rebuke, finding it should not recover $893,000 from three convicted fraudsters because its own reckless mortgage lending showed deliberate indifference to the risk of losing the money.
Read moreThe long-term interest rate for consumers buying homes across the United States eased slightly this week, Freddie Mac says. In its weekly mortgage survey it found the rate on 30-year fixed-rate loans slipped to an average 4.17 percent from 4.19 percent last week.
Read moreA federal complaint against KleinBank from the U.S. government accuses the Minnesota lender of redlining residential mortgages between 2010 and 2015.
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