CFPB, FTC join to target deceptive mortgage ads 
Published: November 27, 2012
Tags: Consumer Financial Protection Bureau, deceptive marketing, Federal Trade Commission, mortgage lending
WASHINGTON – Two federal agencies have joined together to beef up investigations and enforcement actions against companies who engage in fraudulent advertising under the Mortgage Acts and Practices Advertising Rule and the Federal Trade Commission Act.
Mortgage lender settles discrimination lawsuit
Published: August 29, 2012
Tags: civil rights, Florida, housing discrimination, mortgage lending, New Jersey, New York
A Wall Street home mortgage lender catering to the New York, New Jersey and Florida markets has agreed to pay $3.5 million to settle a housing discrimination lawsuit.
Black home buyers can’t sue for lending discrimination
By:
Pat Murphy
Published: September 14, 2010
Tags: civil rights, direct evidence, McDonnell Douglas, mortgage lending, pretext, race discrimination, Wachovia, §1981
Three African-American couples couldn’t show that their home lender imposed certain conditions on their mortgages for discriminatory reasons, the 3rd Circuit has ruled in affirming a summary judgment.
Financial corporation agrees to pay $600 million to settle lawsuits
By:
Tony Ogden
Published: August 4, 2010
Tags: California, mortgage, mortgage lending, risk concealment
Countrywide Financial Corp. has agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown.
Report: Bankruptcy reforms spurred mortgage crisis
By:
Kimberly Atkins
Published: May 13, 2010
Tags: bankruptcy reform, financial crisis, mortgage lending
WASHINGTON – Bankruptcy law reforms enacted in 2005 were a major factor in the ensuing mortgage crisis and current recession, according to a recently released report by a team of economists.
Bill would combat mortgage lending abuses
By:
Kimberly Atkins
Published: April 2, 2009
Tags: Congress, mortgage lending, Subprime
WASHINGTON – A bill that would impose tougher standards governing mortgage lending in an effort to stamp out predatory practices was filed in the House.
