Tag Archives: Lawsuit

NAR claims a recent lawsuit is on “shaky legal grounds” and that it mischaracterizes the association’s rules regarding multiple listing services (MLS).

Here’s what the bank had to say to a lawsuit filed by a loan officer in California that could have a broader impact on the bank’s wage and commission practices for its mortgage business.

A federal jury in Texas has awarded HouseCanary, a provider of real estate valuation and assessment tools, $706.2 million in its breach of contract and trade secret misappropriation ...

The United states had alleged that Financial Freedom had not properly disclosed on the insurance claims forms it filed with the FHA that the mortgagee was not eligible for such interest payments because it had failed to meet various deadlines relating to appraisal of the property, submission of claims to HUD, and pursuit of foreclosure proceedings. Despite this, had sought to obtain insurance payments from insurance.

Tripp Levy PLLC announced on Monday that the deadline for investors to pursue their claim against Ocwen in the class action lawsuit is approaching. These investors seek to recover compensation damages caused by Ocwen’s violations of the Securities Exchange Act, and those that purchased shares of Ocwen during the period between May 11, 2015 and April 19, 2017 are encouraged to contact the firm soon.

The banking giant has agreed to pay a hefty fine in order to end all legal issues emanating from the 2008 financial crisis.

The U.S. government has filed a lawsuit against five mortgage lenders and their principals, alleging that they defrauded the government and a number of banks through false Federal Housing Administration claims.

The city of Oakland, California, has filed a lawsuit against Wells Fargo accusing the bank of reverse redlining by targeting minorities for high-cost mortgage loans which later led to foreclosures and blight when the borrowers defaulted.

Goldman Sachs won a class action lawsuit accusing the investment banking firm of knowingly selling toxic mortgage-backed securities to hedge fund Dodona I and other investors in 2007 before the financial crisis, according to media reports.

The 11th U.S. Circuit Court of Appeals recently revived three lawsuits the were brought about by the City of Miami, accusing Wells Fargo & Co, Bank of America Corp., and Citigroup of discriminatory and predatory mortgage lending practices to minority borrowers.