Massachusetts Attorney General Martha Coakley is suing the Federal Housing Finance Agency (FHFA) and the mortgage giants Fannie Mae and Freddie Mac for allegedly violating the state’s 2012 foreclosure prevention law. The lawsuit alleges the federal housing regulators and the …
The residential foreclosure rate in Florida, which has the highest percentage of delinquent mortgages in the U.S., declined to 6.2 percent in January, according to a report by CoreLogic Inc. That’s down from 10.1 percent from a year earlier. Florida’s …
Florida’s highest court has ruled a homeowner cannot re-open a voluntarily dismissed foreclosure case despite allegations that the bank falsified documents, giving a win to banks in a closely watched ruling that could have affected thousands of cases in a …
Oklahoma’s attorney general delivered $20,000 to a Tulsa couple on Oct. 15, the first of hundreds of mortgage settlement checks to be given to homeowners who were victims of wrongful lending practices and in some cases lost their homes. “It …
A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday. The pact unveiled Feb. 9 is …
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. …
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 …
The Massachusetts attorney general who sued five major banks over allegedly deceptive foreclosure practices says it’s likely some states will settle with the banks. Martha Coakley told the Greater Boston Chamber of Commerce Wednesday she’ll keep an open mind as …
State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents. A coalition of all 50 states’ attorneys general has been negotiating …
Citigroup Inc. officials, including Chief Executive Vikram Pandit, won the dismissal of a shareholder lawsuit accusing them of turning a blind eye to the increased mortgage risks the bank was assuming in 2007. U.S. District Judge Sidney Stein in Manhattan …
