More trouble for Bank of America: Federal prosecutors have filed a $1 billion lawsuit against the company, alleging the bank issued "thousands" of bad loans and stuck taxpayers with the bill.
Recent media reports have suggested that the FHFA, Fannie Mae, and Freddie Mac will start to take severe legal action against strategic defaulters. But are mortgage cops really going to chase down these individuals with the goal of locking them up?
The American Civil Liberties Union announced it would be filing a lawsuit Monday against the investment bank, alleging discrimination in the way the bank packaged subprime mortgage loans into securities.
The government has filed a lawsuit against Wells Fargo, alleging the nation's largest lender has participated in "reckless" lending of government-backed loans, but Wells Fargo insists it's done nothing wrong.
Following a lawsuit initiated against Bear Stearns this week, federal investigators warned that more lawsuits are coming against banks stemming from their sales of mortgage-backed securities.
The ongoing controversy of fraudulent practices, excessive assessments, and egregious collection costs of HOA fees on Las Vegas home owners has reached national attention as two local attorneys have filed a federal lawsuit against hundreds of Nevada HOAs and collection agencies.
President Barack Obama and former Gov. Mitt Romney hold starkly different views on recent reforms—and on the best way to preserve the American dream.
A judge granted the FTC $478 million—the largest judgment the agency has ever obtained—against three marketers of real estate infomercials.
After a landmark mortgage settlement against the nation's largest banks earlier this year, the U.S. state attorneys general are now investigating smaller banks for alleged foreclosure mishandlings.
The bipartisan legislation is designed to counter an erroneous Department of Housing and Urban Development interpretive rule that reversed decades of common understanding of RESPA.