NYC’s, state’s mortgage fraud damages may exceed $100M
A lawsuit against two dozen banks and mortgage servicers is alleging that New York City and New York State...
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Cost of foreclosure settlement rises by $5B
The price lenders must pay to move past the federal investigation into their foreclosure practices went up by $5 billion, the Wall Street Journal reported. And it could rise higher. The ongoing negotiations between...
Mortgage providers nearing $60 billion settlement with Department of Justice
America’s largest mortgage providers are nearing a deal with the Department of Justice and 50 state attorneys general to...
Freddie Mac, Ally Financial fail to disclose $325 million settlement
A $325 million payment from Ally Financial to Freddie Mac has come to light in an exhibit deep within...
JPMorgan exec admits to signing unverified mortgage documents
New York-based JPMorgan Chase may face litigation next month that could cast doubt on thousands of foreclosures after mortgage...