An expert gives insights on how a court ruling has made servicers relook at their best practices while resolving disputes related to mortgage defaults.
Read More »How Blockchain Can Change the Title Industry
A white paper gives insights into why blockchain could have significant applicability for title and settlement providers and the challenges that must be overcome to make this technology truly disruptive for this industry.
Read More »Slonaker to Drive Business Development for WFG National Title
WFG National Title a Portland-based company specializing in national title, settlement, valuation, and technology services, announced that Matt Slonaker is joining the company as SVP of national business development.
Read More »Bank of America Places FHLBank Settlement in the Rearview
Bank of America announced this week that it has settled mortgage-related complaints with a Federal Home Loan Bank, the bank stated in a filing with the Securities and Exchange Commission.
Read More »Wells Fargo to Settle With FHA Over ‘Reckless’ Mortgage Claims
Since 2012, Wells Fargo has been battling the U.S. government regarding allegations that it was "reckless" in certifying the credit and underwriting quality of FHA loans it originated, but the legal issues could soon be over.
Read More »Nationstar Settles ‘Force Placed Insurance’ Suits
Nationstar Mortgage has agreed to pay $77 million to settle class-action suits filed by homeowners over the alleged inflating of homeowner insurance rates.
Read More »Former Fannie Mae Executives Agree to Settlement With SEC
Two former Fannie Mae executives have agreed to settle with the Securities and Exchange Commission to resolve claims of fraud regarding Fannie Mae's subprime exposure before the financial crisis, according to media reports.
Read More »HUD Mortgagee Board Finds Two Mortgage Lenders in Violation of FHA Rules
HUD's Mortgagee Review Board announced settlement agreements of two Texas mortgage lenders on Monday, following allegations that they were allegedly in violation with the Federal Housing Administration rules.
Read More »Bank of America Settles Two Financial Crisis Lawsuits
Deutsche Bank‘s and BNP Paribas‘s mortgage units were investors in notes issued by Taylor Bean’s Ocala Funding unit, a mortgage conduit. The two banks sued Bank of America, which acted as middleman between the investors and Ocala, for $1.75 billion in 2009 over their losses on the notes.
Read More »JP Morgan Chase Paid More than Half of $4 Million Settlement
Independent monitor Joseph A.Smith verified Chase's claim made in December that the bank had provided $2.24 billion in consumer relief credit to 111,924 borrowers as of the end of the third quarter (September 30, 2014). Chase has until December 31, 2017 – nearly three full years – to pay the approximate remaining amount of nearly $1.8 billion of its obligation toward consumer relief under the settlement.
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