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News Headlines - mortgage lawsuits

South Florida Business Journal

Ocwen responds to 'illegal foreclosure' lawsuit by attacking regulator
South Florida Business Journal
Ocwen Financial Corp. fired back in federal court with an attack on the validity of the federal regulatory agency that seeks to hold it liable for mishandling residential mortgages and illegal foreclosure practices. The West Palm Beach-based mortgage ...

and more »


Wells Fargo must face litigation on defective mortgages: US judge
A federal judge on Thursday said Wells Fargo must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities ...
Wells Fargo to face another lawsuit over defective mortgage securitiesHousingWire
Wells Fargo Litigation Moves ForwardDSNews.com
Wells Fargo To Have Its Day In Court Concerning Defective MortgagesPYMNTS.com

all 132 news articles »

New York Times

Morning Agenda: Foreclosed Homes and a Raft of Lawsuits - The ...
New York Times
Private investment firms are coming under pressure over foreclosed homes they are selling on high-interest installment contracts.

and more »


Ocwen Financial Faces Boatloads of Complaints
Courthouse News Service
The 14-count federal lawsuit says Ocwen's widespread mishandling of borrowers' mortgage accounts violated a bevy of consumer protection laws. “Ocwen has improperly calculated loan balances, misapplied borrower payments, failed to correctly process ...
Florida sues Ocwen alleging mishandled mortgages, illegal foreclosurespppFocus

all 20 news articles »

Financial Post

OSC to take over oversight of syndicated mortgages as Ontario ...
Financial Post
Ontario is moving ahead with plans to transfer responsibility for syndicated mortgage investments from FSCO to the Ontario Securities Commission.
Ontario moves to toughen oversight of syndicated mortgage ...The Globe and Mail

all 3 news articles »

Cherry Hill Courier Post

Mortgage firm agrees to $18M settlement
Cherry Hill Courier Post
CAMDEN - PHH Mortgage Corp. and three insurers would pay more than $20 million under a proposed settlement of a class-action lawsuit brought by customers of the home-loan firm. The payment, which has received preliminary approval from a federal ...

Jacksonville Free Press

The Many Lawsuits and “Sins of Wells Fargo Bank”
Jacksonville Free Press
Wells Fargo, the bank, was sued for Breach of Contract-Wrongful Foreclosure. In February 2011, in a class action lawsuit brought in the State of Georgia on behalf of veterans, the court found that Wells Fargo overcharged veterans on mortgages and was ...

WSJ Wealth Adviser Briefing: Avoiding 401(k) Litigation, Mortgage Alternatives
Wall Street Journal (subscription) (blog)
Plan sponsors and advisers face increasing litigation when it comes to fees in 401(k) retirement-savings plans. Initially, lawsuits were targeted at Fortune 500 firms, but more recently smaller companies have been named as well. That means advisers ...

Financial Post

The lax oversight of syndicated mortgages is hurting Ontario investors with little relief in sight
Financial Post
The lawsuits, filed in the Ontario Superior Court of Justice, target a fraction of the overall syndicated mortgage market and have not been tested in court. But David Franklin, one of the lawyers involved with the suits, believes the government should ...

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