Posts Tagged ‘Mortgage industry’

  • California looks to hold mortgage lenders accountable for abuses Wednesday, December 7, 2011 � by jg

    Sacramento Bee: California attorney general Kamala Harris said “there must be accountability and consequences” associated with the foreclosure crisis.

  • Federal officials looking into charges Wells Fargo discriminated against African-American borrowers Wednesday, July 27, 2011 � by jg

    Huffington Post: The Department of Justice is reportedly preparing a lawsuit against the banking giant for allegedly steering African-Americans into higher-cost subprime mortgages.

  • Citigroup to pay $75 million for failing to disclose subprime mortgage holdings Thursday, July 29, 2010 � by jg

    New York Times: Two Citi executives were also fined a total of $180,000 for dealings in 2007.

  • Auto, credit issues top list of consumer complaints Tuesday, July 27, 2010 � by jg

    New York Times: The 2009 Consumer Complaint Survey Report shows the fastest-growing consumer complaint was about bogus offers to help save homes from foreclosure.

  • Mortgage lenders sued over handling of late payments Tuesday, July 20, 2010 � by scott

    Four federal class action lawsuits have been filed in California against mortgage companies in a dispute over how customers’ mortgage payments are credited to delinquent accounts – costing cash-strapped customers hundreds of dollars.

  • What Congress has (and hasn’t) done for consumer financial reform Friday, June 25, 2010 � by jg

    New York Times: “A roundup of some of the biggest consumer issues that members of Congress addressed and where they ended up.”

  • Bank of America to pay $108 million to settle mortgage charges Monday, June 7, 2010 � by jg

    Los Angeles Times: The new owner of Countrywide Financial Corporation has agreed to pay $108 million to settle federal charges that the company overcharged and deceived 200,000 mortgage borrowers who were facing foreclosure.