Tag Archives: Lawsuits

The Federal Housing Finance Agency has taken over for Fannie Mae shareholders as the plaintiff in a lawsuit against accounting firm Deloitte & Touche accusing the company of negligent auditing practices that resulted in millions of dollars in losses to the shareholders.

The U.S. Supreme Court ruled on Wednesday that Fannie Mae cannot automatically bring state lawsuits to federal court, reversing an earlier decision by the Ninth Circuit Court.

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.

In September, a federal judge ordered the government to release 56 documents related to the sweeping of GSE profits into Treasury. But they aren't ready to do it just yet.

The sweeping of GSE profits into Treasury has prompted nearly two dozen lawsuits from investors who claim the sweep is illegal. While some courts have ruled against investors in the last few months, they received a favorable ruling this week from the U.S. Court of Federal Claims.

Fannie Mae and Freddie Mac investors who are trying to reclaim the GSE profits suffered a setback on Friday.

A federal court dismissed a lawsuit filed by a Freddie Mac shareholder who was seeking access to corporate records related to the Net Worth Sweep.

A suit filed by Florida-based Van Ness Law Firm against the popular game is an example of diversification on the part of real estate law firms.

The FDIC has filed a total of 19 RMBS lawsuits on behalf of eight institutions seeking damages for violations to federal and state securities laws.

What exactly did a year-long analysis of Ocwen's servicing operations from an independent consulting firm reveal?