Bank of America e-mails are being cited as proof in a lawsuit by Los Angeles that claims the city’s brokers took kickbacks in a massive scheme to rig the bidding…
San Diego City Attorney Michael Aguirre has filed a lawsuit against Countrywide Financial Corp. that seeks to stop residential foreclosures that were the result of predatory lending practices.
When a California appeals court judge sought a $1 million mortgage and a $900,000 credit line to refinance his 8,200-square-foot home in January 2004, a loan officer for Countrywide Financial…
In the wake of the FDIC’s takeover Friday of IndyMac Bancorp Inc., the FBI is now investigating possible fraud by the lender concerning mortgage loans made to high-risk borrowers.
In the wake of a series of revelations concerning secret accounts at UBS AG and other foreign banks, new rules are about to be released by the Internal Revenue Service…
Countrywide Home Loans has agreed to pay $325,000 and investigate its records of payments from about 300 borrowers to settle a dispute with a bankruptcy trustee in Pittsburgh.
Some borrowers who say their lenders hid the true terms of their onerous loans are suing for fraud. One law firm that is eager to help is the Affirmative Defense…
In a reportedly unprecedented court order, a federal judge in Miami has ordered Swiss-based UBS AG to reveal the names of U.S. residents who have been using secret accounts to…
The attorney general of Florida has sued Countrywide Financial Corp. over its mortgage lending practices, contending that they were deceptive and unfair and not properly disclosed in securities filings.
Updated: The Department of Justice is trying to get an unprecedented federal court order requiring a Switzerland bank to turn over the names of wealthy U.S. residents who maintained secret…
A construction boom has had an unexpected cost to banks in Florida and other high-growth areas. Thieves are stealing heavy equipment and using it to make away with ATM machines,…
Updated: The attorneys general of California and Illinois filed lawsuits today against Countrywide Financial Corp., claiming that the mortgage lender engaged in deceptive and unfair practices.
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