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News Headlines - mortgage lawsuits

Mortgage Professional America

Bank must face suit over $1 billion mortgage-bond loss
Mortgage Professional America
A German bank alleges that the New York financial institution was negligent in its role as trustee for soured mortgage bonds.

and more »

Bank of NY Mellon must face $1 bln Commerzbank lawsuit (BK, DBK, HSBA, WFC, CBK)
Markets Insider
NEW YORK, March 21 (Reuters) - Bank of New York Mellon Corp must face a Commerzbank AG lawsuit seeking to hold it liable for toxic mortgage-backed securities that the German lender bought before the financial crisis, resulting in more than $1 billion ...

and more »

New York Times

US Zeal in Suing Banks for Lending Bias Is Expected to Cool
New York Times
Justice officials filed the lawsuit on Jan. 13 against the $1.9 billion-asset KleinBank for an illegal practice known as redlining. The department argued that the bank, based in Chaska, Minn., did not provide residents of the nearby cities Minneapolis ...

Allentown Morning Call

Homeowner suing Wells Fargo after his house was ransacked and locks were changed
Allentown Morning Call
Banks and mortgage servicers typically point to clauses contained in most mortgages allowing them to act if a homeowner intentionally damages a property or allows it to deteriorate. "These clauses are typically broad and far-reaching," Christopher K ...

American Banker (subscription)

BankThink Crisis in student loan servicing is building
American Banker (subscription)
When the housing market crashed and the subprime mortgage bubble burst, servicing operations were on the front line to mitigate lender and investor losses. It was soon discovered, however, through government and private lawsuits, and investigations ...

A Pair of Unbrotherly Business Altercations Go to Trial
JD Supra (press release)
17, 2017], Frank Barone, himself critically ill at the time of trial, sued the wife of his deceased brother Joseph Barone seeking a share of the real estate fortune valued at $40 million she inherited from Joseph. The trial centered on Frank's claim ...


LM Funding Receives Favorable Ruling in Lawsuit Allowing Homeowners Associations to Continue to Collect What ...
GlobeNewswire (press release)
While Wilmington ultimately provided proof of first mortgage status and made a final payment, they filed a lawsuit, alleging that the association's lawyers paid for by LM Funding should not have asked for more than the safe harbor payments, and ...
LM Funding Receives Favorable Ruling in Lawsuit Allowing ...Yahoo Finance

all 1 news articles »


Should You Leave All Your Money to Your Kids?
So, for example, he gave his son Peter enough money to pay off some equipment loans for his music business as well as the mortgage on his $194,000 home. (At the same time, though, he has heavily endowed his children's independent charitable foundations ...

Kansas City Business Journal

NovaStar joins other lenders in settling pension fund case for $165M
Kansas City Business Journal
... of a class-action lawsuit filed in federal court in New York on behalf of union employees who were part of the New Jersey Carpenters Health Fund, the Iowa Public Employees' Retirement System and others similarly situated. It targeted NovaStar ...

and more »


JPMorgan pays $55M to settle mortgage discrimination lawsuit
JPMorgan Chase agreed to a $55 million settlement with the government over allegations that it discriminated against "thousands" of African American and Latino mortgage borrowers, it was disclosed Wednesday. The bank's independent brokers charged ...
JP Morgan Chase's $55 Million Discrimination SettlementThe Atlantic
JPMorgan pays $55M to settle mortgage bias lawsuitNew York Daily News
JPMorgan Chase settles mortgage discrimination lawsuitFlorida Times-Union
Reuters -Bloomberg
all 252 news articles »
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