Cities plagued by distressed properties and vacant units may see some relief as Fannie Mae offers investors bulk deals while eliminating the option to...
Kentucky lawsuit dismissed Last year, Mortgage Electronic Registration Systems Inc. (MERS) became the subject of lawsuits from counties across the nation as District Attorneys...
Mortgage foreclosure settlement In a historic deal after repeated delays and over a year of negotiations, the Justice Department, U.S. Department of Housing and...
Housing plan helps one million The U.S. Treasury Department reported today that since the Obama administration launched their foreclosure prevention program in 2009, nearly...
Foreclosure abuses In light of increasing reports of foreclosure abuses, the city government of Berkeley, California is considering pulling their $350 million out of...
S&P’s allegedly fraudulent ratings Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard & Poor’s (S&P), alleging fraudulent role in assigning its...
Foreclosure activity According to a new report by Lender Processing Services (LPS), mortgage delinquencies dropped 3.7 percent in December, down 40 percent from December...
Father abandons son A 60 year old Minneapolis single father and struggling architect, Steven Cross has been convicted with child neglect for leaving his...
Firey inspector general report The inspector general for the Federal Housing Finance Agency released a report this week that is highly critical of the...
Freddie Mac to expand forbearance period Freddie Mac has announced that it is allowing mortgage servicers to offer six months of forbearance to unemployed...
Appeals court rejects dismissal Barely two weeks after Bank of America-owned Countrywide settled with the U.S. Department of Justice for $335 for steering minorities...
Indianapolis homeowner sues Indianapolis homeowner, Darryle Caines has filed a lawsuit against Bank of America, alleging that without explanation, his mortgage was raised $700...
Bank of America shows mercy Bank of America often demands headlines for illegal foreclosures, foreclosing on the wrong address or badgering a newly widowed...
Six executives charged The Securities and Exchange Commission charged six former Fannie Mae and Freddie Mac executives today with civil fraud for misrepresenting their...
North Carolina homeowner sues Christopher Joy of Raleigh, North Carolina is suing Nationwide Trustee Services and Litton Loan Servicing for allegedly misleading the court...
Borrowers allegedly misled, defrauded A new class action lawsuit against Wells Fargo claims that the bank illegally refused to grant permanent loan modifications promised...
Housing reform proposal Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, Representative Scott Garrett (R-NJ) has unveiled a new proposal...