Attorney General Eric Holder announced a settlement last month valued at $7 billion with Citigroup. According to Attorney General Holder, the settlement was “appropriate given the stre... Read more
It should be noted that the Truth in Lending Act (TILA) ban on mandatory arbitration provisions in certain mortgage loans takes effect this month. The prohibition — affecting loans with appl... Read more
Flagstar Bancorp Inc. will pay $110 million to settle a lawsuit brought by MBIA Inc. The bank was accused of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed s... Read more
Our readers seem to like it when we feature particular Sections of our firm in the Report. We try to highlight the latest litigation trends occurring in a particular area of the law. We have... Read more
The federal government warned the mortgage industry last month that potentially false or misleading advertisements will not be tolerated. The Consumer Financial Protection Bureau (CFPB) and... Read more
Federal officials have filed a $1 billion lawsuit against Bank of America for defrauding the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation... Read more
The U.S. government filed a civil mortgage fraud lawsuit last month against Wells Fargo & Co. This is the latest in a series of lawsuits against big banks for their highly questionable... Read more
Bank of America Corp. has agreed to pay $375 million to settle a lawsuit brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities, which were at the center of the 2008... Read more
A U.S. appeals court ruled that a proposed $8.5 billion settlement by Bank of America Corp. with investors in mortgage-backed securities should be reviewed in New York state court, not feder... Read more
Bill Robertson, a lawyer in the Section, is currently handling cases involving mortgage fraud. He is especially interested in cases involving fraud in the origination and servicing of mortga... Read more
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