Wells Fargo must face litigation on defective mortgages: U.S. judge
A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed...
Wells Fargo reaches $110 million class action settlement over fake accounts
Which is peanuts.. Earlier Tuesday, Wells Fargo announced that its Community Reinvestment Act rating is being downgraded by the Office of the Comptroller of the Currency, due in part to the bank’s fake account scandal that led to a $185 million fine from the Consumer...
Bank Of America Ordered To Pay $46M Over Improper Foreclosure
Bank of America must pay $46 million for improperly foreclosing on a California couple’s home in 2010. U.S. Bankruptcy Court Judge Christopher Klein levied [PDF] the judgement against the bank this week, calling Bank of America’s actions in foreclosing on the...
Ocwen now one giant step closer to acquiring MSRs again after new NYDFS agreement
For more than two years, Ocwen Financial has been prohibited from acquiring new mortgage servicing rights in bulk, thanks to the company’s $150 million settlementwith the New York Department of Financial Services. The news got a little better earlier this year when...CREDIT REPAIR $19 DOWN
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