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Watch the Latest Appraisal
News Headlines - mortgage lawsuits


The Eye

Lawsuit says reverse-mortgage companies cheated 95-year-old with drive-by home inspections
The Eye
A 95-year-old woman backed by consumer and elderly advocates sued two reverse-mortgage companies for charging allegedly excessive fees after she fell into foreclosure proceedings. The suit, seeking class-action status, said that Texas-based Nationstar ...


Bankers Urge Top Court to Bury `Long Dead' Securities Lawsuits
Bloomberg BNA
Directly at stake in the petition by units of Credit Suisse, Deutsche Bank, Royal Bank of Scotland, UBS, and HSBC, is a suit by the Federal Deposit Insurance Corp. that says they misrepresented mortgages that backed $140 million in securities sold to ...

Show Me The Note, Again… - ValueWalk

Appraisers forums (Discuss anything appraisal related)


ValueWalk

Show Me The Note, Again…
ValueWalk
In the subprime mortgage litigation, “showing the note” often wasn't possible due to the multiple layers of transfers before a loan landed in a securitization trust. Still, courts allowed foreclosing lenders and securitization trustees to foreclose ...


NJ Supreme Court: If Borrower Abides By Terms Of Settlement Agreement, Lender Must Modify Mortgage
Lexology (registration)
Lawsuits arising out of foreclosures and mortgage modifications are common. (Even more common than lawsuits about gyms or health clubs if you can believe that.) Nearly every day there is a decision from the Appellate Division arising out of a ...


Reuters

Wells Fargo to pay US $108 million over veterans' loans
Reuters
(Reuters) - Wells Fargo & Co (WFC.N) will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees when applying for federal loan ...
Wells Fargo settles with US government over loans to veteransAmerican Banker (subscription)
Wells Fargo & Company - WFC - Stock Price Today - ZacksZacks Investment Research

all 222 news articles »

At 2017's Mid-Point, Some Key Cases on Bank Radar Screens
Bloomberg BNA
In 2015, the U.S. District Court for the Southern District of New York said Nomura Holdings Inc. (sued as issuer) and Royal Bank of Scotland Group Plc (sued as underwriter) “did not correctly describe” home mortgages in documents for a securities ...


RisMedia.com (press release)

Commentary: Ready for Tougher Underwriting and to Pay More for Your Mortgage?
RisMedia.com (press release)
2019 will also be the year of the lawsuits for banks. It will not take long for attorneys to begin filing suits based on gender, age, credit score, minority status, zip code, etc. Shouldn't lawsuits help ensure banks are lending fairly? In theory, yes ...


National Real Estate Investor

New Documents Give Hope to Fannie Shareholders Seeking Redress
National Real Estate Investor
The documents, which include emails and memos from the months preceding the government's final decision, may be used in a suit filed by Fairholme Funds ...

and more »

Controversial downtown Barrie development site up for sale, says landowner
Simcoe.com
And last year, two people who invested money in a syndicated mortgage on Collier also filed a $27.5-million class-action lawsuit against Fortress, alleging the company did not disclose several major investment risks pertaining to the site. Fortress did ...

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