mortgage bank settlement News

Secure Settlements Launches Mortgage Settlement Insurance

Secure Settlements, Inc. (SSI),a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard service …

Banks Still Face Legal Claims After $25 Billion Settlement

A landmark $25 billion settlement over foreclosure abuses will allow large banks to resolve one piece of their mortgage-related problems. But it still leaves them exposed to a wide range of lawsuits and other claims related to the housing crisis. …

5 Big Banks, States Agree on $25 Billion Home Mortgage Deal

Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. Thursday’s announcement brings an end to …

Holdout States Expected to Join Mortgage Bank Deal

California and New York, two key holdout states for a multi-state mortgage settlement, are expected to join the deal, smoothing the way for an announcement expected on Thursday, according to a person familiar with the matter. Florida, with its large …