Modifying the popular deduction wouldn’t actually affect a majority of homeowners — but industry leaders are adamant that the MID is untouchable
Allied Home Mortgage Corp. and Allied Home Mortgage Capital, along with their CEO, have been slapped with multimillion-dollar penalties after a jury found them responsible for more than a decade of mortgage insurance fraud
Standard & Poor’s couldn’t get a judge to agree last week to throw out a lawsuit filed against it by the California attorney general, who seeks to hold the company to account for $1bn in losses by state pension funds.
A new rule that would require simplified mortgage paperwork reportedly won’t include an exemption for small lenders.
After weeks of often tense negotiations, the nation's biggest bank appears ready to sign an agreement to settle claims it sold shoddy mortgages to investors.
A federal jury convicted a Virginia woman Friday for her role in a multimillion-dollar mortgage fraud scheme.
A couple wrongly threatened with foreclosure has won something very rare – an apology from the mortgage company that almost took their house.
A Colorado grand jury has indicted nine people in connection with an alleged short-sale fraud scheme that targeted distressed homeowners.