Stop House Repossession » Lawsuit

Flagstar mortgage fraud lawsuit settled for $133 million

admin — Sat, 25 Feb 2012 16:08:31 +0000

Flagstar mortgage fraud lawsuit settled for 3 million
By Katherine Yung The US government announced Friday that it had reached a $ 133-million settlement with Troy-based Flagstar Bank that resolves a civil fraud lawsuit accusing the bank of fraudulent mortgage lending practices. The lawsuit, filed by the …
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Wells Fargo Seeks to End Mortgage-Repurchase Duties as Trustee
s mortgage-bond trustee division is planning to hand its duties to investigate soured home loans and pursue lender repurchases to other companies, in a move meant to address the appearance of conflicts of interests, an executive said.
Read more on BusinessWeek

Rogers was owner of property at center of lawsuit

admin — Mon, 07 Jun 2010 02:03:05 +0000

Rogers was owner of property at center of lawsuit
ATLANTA — State Senate Majority Leader Chip Rogers has amended his state disclosure forms to reflect his past membership in a company that now is at the center of a lawsuit over a troubled bank loan.

Read more on Chattanooga Times Free Press

NAACP Ends Mortgage Lawsuit Against Wells Fargo

admin — Tue, 13 Apr 2010 02:09:01 +0000

NAACP Ends Mortgage Lawsuit Against Wells Fargo
CHARLOTTE, N.C. (AP) — The NAACP is ending its lawsuit against Wells Fargo that alleged the bank was forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.