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.
Published News
BofA Wins Dismissal From Allstate Mortgage Losses Suit Against Countrywide
Posted by mortgage 2 days ago (Editorial)
California?s Solo Mortgage Probe May be Hamstrung by 2008 BofA Settlement
Posted by mortgage 2 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 2 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 2 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.
85 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Fourth Quarter: 26-Year High
Posted by mortgage 2 days ago (Editorial)
MCLEAN, Va., Feb. 2, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. ...
China Limits Mortgage Loans for Foreigners, NDRC Says
Posted by mortgage 2 days ago (Editorial)
China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.
Timeline: Ex-Credit Suisse traders charged
Posted by mortgage 2 days ago (Editorial)
U.S. authorities have accused a group of former Credit Suisse Group AG traders of falsely inflating the value of mortgage-backed securities on the investment bank's books as the financial crisis began ...
China to Limit Mortgage Loans for Foreign Home Buyers to Stem Investments
Posted by mortgage 2 days ago (Editorial)
China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.
Sort News
Saved Stories
Mortgage How to Get is an informational resource about mortgage news and information.