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News Headlines - mortgage lawsuits

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Banks urge dismissal of FDIC lawsuit over mortgage bond losses
Citibank, Bank of New York Mellon and U.S. Bank have asked a federal judge in Manhattan to dismiss lawsuits by the Federal Deposit Insurance Corp accusing them of failing their duties as trustees for mortgage-backed bonds that suffered heavy losses ...


Protections For Local Consumers At Risk In Trump Move To Reign In Financial Bureau
The Community Preservation Clinic sued mortgage servicer for failing to properly credit the payments, Tutt said. “Eventually the company said sorry, it was our mistake,” Tutt said. Tutt said the Consumer Financial Protection Bureau proved an important ...

and more »


Columbia County civil lawsuits: Debt collections, real estate, contract, foreclosure
CV 18 68-6. LVNV Funding LLC v. Jamie Butler, 527 E. Columbia, Magnolia. Debt collection. Plaintiff seeks judgment of $696.96 on balance of Credit Bank One account. CV 18 69-6. Midland Funding LLC v. Angie Manning, 540 Columbia 46S, Emerson. Debt ...

Los Angeles Times

Sacramento becomes latest city to allege mortgage discrimination ...
Los Angeles Times
Sacramento has joined a handful of cities, including Oakland and Philadelphia, in claiming that Wells Fargo discriminated against minority mortgage borrowers, leading to foreclosures, depressed property values and lower tax revenue.

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Lehman Residential Mortgage-Backed Securities Settlement Likely to Spur Additional Claims
The National Law Review
On March 8, the Bankruptcy Court for the Southern District of New York concluded a lengthy “claims estimation” trial to determine the appropriate final settlement price for a resolution of lawsuits filed on behalf of investors in residential mortgage ...

Philadelphia Business Journal

Is Philadelphia off target on mortgage loans? An analysis of lending practices.
Philadelphia Business Journal
The lawsuit also claims that Wells Fargo was aware of this alleged practice and, in fact, incentivized the marketing of the high-cost or high-risk loans to minorities. Wells Fargo denied the city's claims. A Philadelphia Business Journal review of 2016 ...
Exclusive: Wells Fargo faces sanctions for auto insurance payouts - sourcesReuters

all 33 news articles »

Westfair Online

Investors seek $17M from White Plains developer Michael D'Alessio in fraud suits
Westfair Online
“I was completely leveraged,” D”Alessio said. His only option was to “stop paying the preferred returns and use the money to complete the projects and continue to make mortgage payments so that we were not in default.” When the investors sued, he said ...

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Houston Business Journal

Attorney behind Capital One lawsuit: There are more suits to come
Houston Business Journal
Until now, Houston has been relatively immune to discriminatory lending cases that emerged after the mortgage crisis when banks began pulling back the number of home loans they offered, an expert said. "When we filed the lawsuit, we've gotten employees ...


Why Barclays May Want To Hold Off On Hiking Dividends
However, it may behoove Barclays to keep its dividends at current levels for now due to the uncertainty over charges it could incur to settle several high-profile legacy lawsuits – especially the U.S. mortgage-related lawsuit filed by the Department of ...


GE's legal troubles are mounting - Feb. 26, 2018 - CNN Money
New filings show how GE's well-chronicled financial troubles could be worsened by a laundry list of legal headaches that could cost the conglomerate billions.
GE cites possible U.S. sanction over former mortgage unit - The HourThehour.com

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