SUBPRIME LENDER Stepstone Mortgage Funding Ltd was reckless and should never have given a loan to an older couple who are both now on disability allowance, a High Court judge has said.
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Lender gave couple false hope with 2007 mortgage, says judge
Posted by mortgage 29 days ago (Editorial)
Wells Fargo Directors Must Face Claims Over Foreclosure Probe, Judge Says
Posted by mortgage 99 days ago (Editorial)
Wells Fargo & Co. directors must face investors? claims that largest U.S. mortgage lender failed to properly disclose details of its foreclosure practices to government investigators, a judge ruled.
Busy Day In The Mortgage Morass: Judge Allows Class Action Against Goldman
Posted by mortgage 109 days ago (Editorial)
Judge certifies class action status for investors in $698 deal backed by risky mortgages.
Common Pleas Court judge rejects most of Cleveland's suit against banks over subprime loans
Posted by mortgage 168 days ago (Editorial)
What makes the state court's dismissal of city charges against 21 banks and mortgage companies different from the federal court's back in 2010 is that the lawsuit languished on Judge Brian J. Corrigan's docket for more than a year with no action taken until a Plain Dealer editor recently inquired about it on Nov. 15.
Judge rejects Citigroup's settlement
Posted by mortgage 173 days ago (Editorial)
Citigroup faces a day of reckoning in court over its selling of financial instruments in the run-up to the subprime mortgage crisis.
Judge Rejects Citigroup, SEC Settlement
Posted by mortgage 176 days ago (Editorial)
A federal judge has nixed a $285 million settlement between Citigroup and the Securities and Exchange Commission. He said the deal was "neither fair, nor adequate nor in the public interest." The settlement dealt with Citigroup's handling of subprime mortgage debt prior to the financial crisis.
Allied Home Can Issue Federal Housing Authority-Insured Loans, Judge Says
Posted by mortgage 189 days ago (Editorial)
Allied Home Mortgage Corp. can originate and underwrite Federal Housing Authority-insured home loans, a judge said, reversing a U.S. agency?s suspension of those privileges.
DealBook: Judge in Citigroup Mortgage Settlement Criticizes S.E.C.'s Enforcement
Posted by mortgage 195 days ago (Editorial)
Judge Jed Rakoff questions the government's longtime process in dealing with banks and whether its practices are strict enough.
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