Judge certifies class action status for investors in $698 deal backed by risky mortgages.
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Busy Day In The Mortgage Morass: Judge Allows Class Action Against Goldman
Posted by mortgage 106 days ago (Editorial)
N.Y. Attorney General Schneiderman Accuses Banks, Mortgage Registry of Illegal Foreclosures
Posted by mortgage 106 days ago (Editorial)
The lawsuit accuses banks of creating a registry service that fails to accurately track mortgage ownership and lacks any legal authority to initiate foreclosures.
Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz
Posted by mortgage 106 days ago (Editorial)
BurlingtonMortgage.biz announces that consumer activity rose as mortgage rates fell to new historical lows.Wilmington, NC (PRWEB) February 04, 2012 Home mortgage rates have set yet another record, dropping to new lows for 30 year fixed, 15 year fixed, and 5 year ARM home loans, according to mortgage rate research website, BurlingtonMortgage.biz. This appears to have attracted the attention of ...
Charter Oak is again top mortgage lender
Posted by mortgage 107 days ago (Editorial)
Charter Oak Federal Credit Union did the most mortgage lending of any institution in Eastern Connecticut for the second straight year, according to statistics compiled by Boston-based Warren Group.
BofA Wins Dismissal From Allstate Mortgage Losses Suit Against Countrywide
Posted by mortgage 107 days ago (Editorial)
Bank of America, as a corporate parent, isn?t responsible for the liabilities of Countrywide, the mortgage lender it acquired in 2008, U.S. District Judge Mariana Pfaelzer in Los Angeles said today.
California?s Solo Mortgage Probe May be Hamstrung by 2008 BofA Settlement
Posted by mortgage 107 days ago (Editorial)
California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her predecessor?s 2008 settlement with the largest lender in the state during the mortgage boom that does exactly that.
Goldman to face mortgage debt class-action lawsuit
Posted by mortgage 107 days ago (Editorial)
(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of misleading investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold Baer in Manhattan certified a class-action lawsuit by investors in the GSAMP Trust 2006-S2, a $698 million offering of certificates .
California?s Solo Mortgage Probe May Be Hamstrung by 2008 Deal
Posted by mortgage 107 days ago (Editorial)
California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her predecessor?s 2008 settlement with the largest lender in the state during the mortgage boom that does exactly that.
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