The Securities Exchange Commission (SEC) announced on Friday that it filed a subpoena enforcement action in the U.S. District Court for the Northern District of California against Wells Fargo & Company ...
Search Results for: foreclosure
DOJ, HUD, state AGs file foreclosure settlement in federal court
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...
Federal, state AGs reach agreement in foreclosure investigation
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...
JURIST Guest Columnist Jules Lobel of the University of Pittsburgh School of Law says that if the Occupy Movement can create organizational forms that combine its democratic, egalitarian origins with ongoing direct action, a narrative of solidarity, equality and democracy...
US government sues Allied Home Mortgage for $2.5 billion over lending fraud
The US government on Tuesday filed a lawsuit in the US District Court for the Southern District of New York (SDNY) alleging that Allied Home Mortgage Capital Corporation (Allied) and two of its top executives...
Federal judge dismisses Bank of America from class action securities lawsuit
A judge for the US District Court for the Central District of California on Friday dismissed Bank of America (BOA) from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide...
Federal prosecutors end criminal investigation of Countrywide executive
Federal prosecutors have dropped a criminal investigation against former Countrywide Financial Corporation executive Angelo Mozilo, concluding that he was not involved in any criminal conduct during his time as director over the company, according to Friday...
Bank of America (BOA) has reached a $410 million settlement in a class action suit accusing the bank of excessive overdraft fees, according to documents submitted Friday in the US District Court Southern District of Florida [official...
California, Countrywide settle predatory lending charges for $6.5 million
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...
Twelve plaintiffs on Monday combined to file a lawsuit in the New York State Supreme Court against Countrywide Financial Corporation alleging widespread fraud that resulted in substantial financial losses. The plaintiffs invested hundreds...