An analysis finds that higher rates may stifle price growth, with new listings hitting a 10-year high in the new year.
Read More »Mortgage Lender Found to Have Violated False Claims Act
The U.S. Department of Justice announced a mortgage company agreed to pay more than $15 million to resolve allegations that date back to 2008.
Read More »The Department of Justice Changed Its Tune, What Now?
After the Department of Justice announced their support of PHH Corp in the case against the CFPB, opinions differed on the effectiveness of the Bureau.
Read More »Judge Refuses to Toss Deutsche Bank Case
BlackRock Inc., Pimco among plaintiffs against the bank alleging mishandling of trusts.
Read More »Credit Suisse Becomes the Latest to Settle
The Swiss-based bank became the third firm in a week to settle with the Department of Justice for conduct related to mortgage-backed securities leading up to the crisis.
Read More »DOJ Concedes Battle in BOA ‘Hustle’ Case
Bank of America has officially won its battle against the Department of Justice six months after an appeals court threw out the $1.27 billion penalty against the bank for selling toxic RMBS.
Read More »From D.C. to Detroit: Judge Moves Quicken Loans Trial
Since the beginning of the bitter battle between Quicken Loans and the DOJ, Quicken had argued that Detroit was the only appropriate venue for the trial.
Read More »Quicken CEO Won’t Budge on DOJ Mortgage Allegations
Quicken Loans, the largest Federal Housing Administration lender in the country, is standing its ground in a government lawsuit for allegedly knowingly submitting claims for hundreds of improperly underwritten FHA-insured loans.
Read More »Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices
The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.
Read More »DOJ Still Probing Wells Fargo After Billion-Dollar Settlement
The bank stated that it “has responded, and continues to respond, to requests from these agencies seeking information regarding the origination, underwriting and securitization of residential mortgages, including sub-prime mortgages.”
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