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Virginia, foreclosure rescue firm settle lawsuit 

By: Noah Schaffer
Published: December 21, 2010

Tags: loan modication, mortgage, Virginia

A mortgage loan modification company will refund more than $94,000 to customers as part of a settlement.

Homeowner waived federal foreclosure defense 

By: Pat Murphy
Published: December 17, 2010

Tags: Federal Housing Administration, foreclosure, HUD, mortgage, real property

A homeowner could not set aside a foreclosure sale based on the lender’s alleged failure to comply with federal housing regulations prior to the sale, Maryland’s highest court has ruled.

Mortgage company reaches $2 million settlement over accusations of overcharging African Americans 

By: Tony Ogden
Published: December 10, 2010

Tags: civil rights, mortgage, racist business practices, Texas

Dallas, Texas-based mortgage company PrimeLending has agreed to pay $2 million to customers in settling accusations that it overcharged black borrowers compared with white customers.

Chapter 13 bankruptcy implications of mortgage mess 

By: Correy Stephenson
Published: October 15, 2010

Tags: CHAPTER 13, foreclosures, mortgage

With the announcements that several national banks are halting home foreclosures and an investigation ensuing into falsified signatures and other paperwork improprieties, the mortgage industry can officially be declared a mess.

But what does that mean for bankruptcy practitioners trying to help clients navigate through the Chapter 13 process?

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.

Mortgage company to pay homeowners $4.4 million 

By: Tony Ogden
Published: August 2, 2010

Tags: mortgage, overpricing, Texas

A Texas-based mortgage company has agreed to pay $4.4 million to 171 North Carolina homeowners in connection with the sale and financing of overpriced manufactured and modular homes, state regulators say.

Mortgage relief company to pay $2.4M in settlement 

By: Tony Ogden
Published: July 30, 2010

Tags: foreclosure, fraud, FTC, mortgage

A company that deceived consumers with promises it could save their homes from foreclosure will pay $2.4 million to victims as part of a settlement with the Federal Trade Commission. 

Bankruptcy sanction against lender excessive 

By: Pat Murphy
Published: June 17, 2010

Tags: mortgage, Sanctions

A bankruptcy judge should not have imposed a $250,000 sanction against a lender that mistakenly identified itself as the actual holder of the debtor’s mortgage, the 1st Circuit has ruled.

ABA raises concerns over FTC mortgage assistance rule 

By: Kimberly Atkins
Published: April 1, 2010

Tags: ABA, American Bar Association, Federal Trade Commission, FTC, identity theft, mortgage, red flags rule

WASHINGTON – As its battle with the Federal Trade Commission over so-called “red flags” rules continues, the American Bar Association has launched a challenge to another rule by the agency.

Lawmakers debate Obama’s mortgage assistance program 

By: Reni Gertner
Published: February 25, 2010

Tags: foreclosure, mortgage, Obama

Members of Congress on both sides of the aisle are taking aim at the Obama administration’s struggling mortgage assistance program, with Republicans calling it a worthless exercise and Democrats saying it doesn’t go far enough.