A high-level lawyer at UBS AG is reportedly at the center of the New York attorney general’s civil investigation of the Swiss bank’s sale of auction-rate securities.
Retiree Mamie Ruth Palmer filed for bankruptcy in 2002 and has been battling her mortgage lender ever since. Now she has agreed to a settlement that allows her to remain…
In pending foreclosure cases, Judge Arthur Schack of Brooklyn, N.Y., doesn’t always wait for an opposing lawyer to raise issues about the ownership of mortgages. He investigates the problem himself…
Housing legislation expected to be passed by the Senate next week and then signed by President George W. Bush is billed as an effort to rescue individuals struggling to pay…
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…
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