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Florida Supreme Court hears landmark foreclosure suitReutersBut it was Pino's mortgage servicer, Bank of America, that handled the loan's administration, foreclosure proceedings and coordination of litigation. The parties reached a confidential settlement on July 22, 2011. That same day, Bank of New York Mellon ...and more » |
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Deadline this week for Black farmers to file claimFlorida CourierBY GEORGE E. CURRY WASHINGTON – Barring an unexpected extension from a federal judge, May 11 will be the last day for Black farmers to file claims under a landmark class-action suit known as Pigford II. George Hildebrandt is shown on his farm near ...and more » |
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Mortgage insurer settles DOJ discrimination suitLexology (registration)The US Department of Justice recently announced the settlement of a Fair Housing Act lawsuit against the Mortgage Guaranty Insurance Corporation (MGIC), which the DOJ described as “the department's first involving discrimination against women and ...and more » |
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BofA offers home loan modificationChicago Sun-TimesAP May 8, 2012 2:50PM LOS ANGELES — Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a ...and more » |
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BofA initiates home loan modification offersKEYC TVAP Sports News Video The price of oil is down another 2 percent as signs of global economic weakness raise concerns about energy demand. Oil prices fell to near $96 a barrel Wednesday in Asia, extending a weeklong slump after a report showed US crude ...and more » |
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Fertitta unit to settle claims over XyienceLas Vegas Review-JournalBy Tim O'Reiley A Fertitta entity will pay $525000 to settle claims that a bankruptcy trustee had hoped would reap millions of dollars for creditors of the Xyience Inc. energy drink and fitness supplement company. In a case launched late in 2009, ...and more » |
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Up-front fee for loan aid is a red flagAZ Central.comSince February, when Arizona received $1.6 billion as part of a lawsuit settlement with the nation's five largest mortgage lenders over allegations of fraud and abuse, Arizona Attorney General Tom Horne said his office has seen an increase in the ...and more » |
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Credit Crunch Digest -- April 2012JD Supra (press release)by Sedgwick LLP on 5/2/2012 This digest collects and summarizes recent media reports regarding potential liability, government initiatives, litigation and regulatory actions arising from the subprime mortgage crisis and credit crunch, as well as the ...and more » |
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