The lawsuit accuses the bank of intentionally steering minority borrowers into high-cost loans
An investigation found that more than 500 homeowners were victimized under the scheme
The former employee of GMAC Mortgage and Countrywide Home Loans caused millions in losses to lenders.
Despite improving economic conditions, mortgage application fraud and misrepresentations have increased consecutively for the last three years.
After nearly three years and hundreds of thousands of property purchases, the nascent single-family rental industry is at a crossroads in terms of future growth and long-term staying power. So how will these players will cash out of their property portfolios?
The former Countrywide executive is collecting millions for helping federal prosecutors force Bank of America to pay a record $16.7 billion penalty.
The U.S. Senate has approved a bill that includes deductions for mortgage insurance premium interest and tax relief on forgiven mortgage debt.
A U.S. credit union regulator has filed a lawsuit claiming the banks sold $5.8 billion in securities to five corporate credit unions that later failed after the products lost value.