August 19, 2014
by Kimberly Bennett
A judge for the US District Court for the District of Minnesota on Monday approved a settlement for $62.5 million between Wells Fargo & Co and large institutional clients who lost money in an investment program known as securities lending. US District Judge Donovan Frank also awarded attorneys ...[read more]
June 11, 2014
by Peter Snyder
The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected Wells Fargo & Co's contention that the bank's participation, along with other national banks, in a $25 billion settlement with the US government over foreclosure abuses should bar claims bring in a separate civil ...[read more]
May 5, 2014
by Benjamin Minegar
The US Supreme Court ruled unanimously Monday in Robers v. United States that the Mandatory Victims Restitution Act (MVRA) requires restitution calculation based upon the property a lender loses, not upon the collateral the lender receives. In 2005, petitioner Benjamin Robers submitted fraudulent ...[read more]
May 29, 2013
by Laura Klein Mullen
Former Michigan Supreme Court justice Diane Hathaway was sentenced on Tuesday to a year and a day in prison for bank fraud. Hathaway concealed assets while dealing with a bank to arrange a short sale on her home, which allowed her to sell her home for less than she owed and to avoid foreclosure. ...[read more]
January 7, 2013
by Sarah Steers
On January 7, 2011, the Massachusetts Supreme Judicial Court ruled that banks are barred from foreclosing on property if they cannot prove that, at the time the foreclosure was initiated, they were the holders of the mortgage. This decision sent bank stocks downward, on the fear that completed ...[read more]
April 6, 2012
by Jerry Votava
A judge for the US District Court for the District of Columbia has approved a $25 billion settlement agreement to address mortgage loan servicing and foreclosure abuses. The settlement was between US Attorney General Eric Holder, along with Department of Housing and Urban Development Secretary ...[read more]
March 13, 2012
by Andrea Bottorff
The US Department of Justice (DOJ), the Department of Housing and Urban Development (HUD) and 49 state attorneys general on Monday filed in federal court a proposed $25 billion settlement agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and foreclosure ...[read more]
February 9, 2012
by Jamie Reese
US Attorney General Eric Holder, along with Department of Housing and Urban Development Secretary Shaun Donovan and 49 state attorneys general announced Thursday that a $25 billion agreement was reached with the nation's five largest mortgage servicers to address mortgage loan servicing and ...[read more]
December 17, 2011
by Cody Harding
On December 17, 2010, Arizona Attorney General Terry Goddard filed a lawsuit against Bank of America (BOA) for fraudulent foreclosure practices and misleading customers in mortgage modifications. The complaint alleged that BOA engaged in consumer fraud by misrepresenting to customers whether they ...[read more]
February 3, 2011
by Sarah Posner
The Superior Court of California County of Los Angeles on Wednesday approved a $6.5 million settlement between the state of California and two former Countrywide Financial Corporation executives accused of predatory lending. The lawsuit alleged that Countrywide lured borrowers with low teaser ...[read more]

Support JURIST

We rely on our readers to keep JURIST running

 Donate now!

© Copyright JURIST Legal News and Research Services, Inc., 2013.