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Foreclosure Lawsuits

First Bank Fraud, Now Political Fraud

Dennis M. Kelleher | Posted 04.11.2012 | Business
Dennis M. Kelleher

It's like saying rather than drowning in a lake 50 feet deep, you get to drown in a lake that is only 30 feet deep. And, people are taking victory laps? You don't believe any of that and still think what the politicians said about punishing the banks was true?

Shahien Nasiripour

Regulators Scrutinizing Mortgage Lawsuits Against Banks | Shahien Nasiripour | Posted 09.05.2011 | Business

WASHINGTON -- Federal bank regulators are scrutinizing more than 150 home loan-related lawsuits directed at lenders and mortgage companies, a top offi...

Florida Home Reportedly Ransacked By Buffett-Linked Mortgage Firm

The Huffington Post | James Sunshine | Posted 09.05.2011 | Business

Chris Boudreau of Brooksville, Florida says he is the unwilling recipient of a home makeover, courtesy of his mortgage company. 21st Mortgage Corpo...

JPMorgan Pays Millions To Settle Wrongful Military Foreclosure Suit

Businessweek | Posted 06.25.2011 | Business

Bloomberg: JPMorgan Chase & Co., one of the lenders criticized over improper foreclosures on military families' homes, agreed to pay $56 million to se...

Judge's Decision Could Affect Half Of All U.S. Mortgages

Thom Weidlich | Posted 05.25.2011 | Business

NEW YORK -- A company that tracks roughly half of all U.S. home loans has no right to transfer mortgages, a ruling that could significantly affect the...

Banks Are Escaping Big Foreclosure Class Action Lawsuits

Posted 05.25.2011 | Business

SAN FRANCISCO (By Dan Levine) - Lenders snarled in the legal thicket over shoddy U.S. foreclosure procedures have so far avoided national class action...

Top Lenders Reportedly Near Settlement With States Over Foreclosure Issues

Posted 05.25.2011 | Business

BANGALORE: The five largest mortgage loan servicers, including Bank of America Corp. and JPMorgan Chase & Co., may be the first to settle with 50 stat...

Foreclosure Problems Creating 'Seismic Legal Clash' Across The Country | GRETCHEN MORGENSON and ANDREW MARTIN | Posted 05.25.2011 | Business

That clash -- expected to be played out in courtrooms across the country and scrutinized by law enforcement officials investigating possible wrongdoin...

Robo-Signer For Bank Of America Speaks: 'I Had No Idea What I Was Signing'

CNN Money | Tami Luhby, Senior Writer | Posted 05.25.2011 | Business

NEW YORK ( -- It only took him a second to sign each foreclosure document. That's how good Tam Doan got at his job in Bank of America's ...

FDIC Chief: Foreclosure Litigation Could Be 'Very Damaging' To Housing Market

Posted 05.25.2011 | Business

ARLINGTON, Virginia (Reuters) - Litigation arising from foreclosure paperwork problems could be "very damaging" to the housing market, a top U.S. bank...

Little-Noticed Bill Could Make It Harder To Challenge Foreclosures

The Huffington Post | William Alden | Posted 05.25.2011 | Business

UPDATE: An Obama administration official tells HuffPost that the White House has 'concerns' about the bill. Challenging foreclosures could become mor...