HousingWire TECH100 winner FormFree issued pioneering patent

HousingWire TECH100 winner FormFree issued pioneering patent

All-digital verification is now a thing

Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

Items Tagged with 'Settlement'


JPMorgan's $13B RMBS settlement progress...so far

Bank gives $6M in credited consumer relief
July 22, 2014
After reaching a $13 billion agreement to settle claims regarding the sale and issuance of faulty residential mortgage-backed securities, JPMorgan Chase is now being held accountable to make sure it is staying compliant on all of the requirements.
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Homeowner awarded million-dollar mortgage settlement

Will homeowner ever receive a dime?
July 21, 2014
What's unusual is the sheer size of the settlement, which PHH Mortgage Services is fighting and other lawyers say is excessive. Lawyers for Philip Linza said the award included $514,000 in compensatory damages and $15.7 million in punitive damages.
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Legacy mortgage matters dent SunTrust 2Q14 earnings

Net income hits $387M
July 21, 2014
SunTrust earnings were dented by the sale of RidgeWorth and resolution of certain legacy mortgage matters, which negatively impacted net income in the current quarter by $49 million, or $0.09 per share.
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SunTrust pays $320M to resolve HAMP violations

Up to $284 million paid in restitution
July 3, 2014
In an effort to resolve issues related to HAMP in 2009 and 2010, SunTrust Mortgage reached an agreement with the U.S. Department of Justice to pay $320 million.
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The facts behind BNP’s $8.8B settlement discovery

Story dates back two decades at bus bombing
July 1, 2014
The discovery and investigation behind the settlement announced Monday between the U.S. Department of Justice and BNP Paribas has a surprising start, originating back to a bus bombing two decades ago.
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HUD fines Greenlight Financial Services over mortgage violations

Denies, delays mortgages to women on maternity leave
July 1, 2014
After denying or delaying mortgage loans to women because they were on maternity leave, Greenlight Financial Services will have to pay $48,000 to settle allegations that it violated the Fair Housing Act.
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HSBC announces $10M settlement over foreclosure fees

Potentially more to come
July 1, 2014
In the first of possibly more from Attorney Preet Bharara in Manhattan, HSBC Holdings Plc. reached a settlement to pay $10 million over charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.
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DOJ, BNP Paribas reach $8.8B settlement

BNPP might not be alone
June 30, 2014
The U.S. Department of Justice announced an $8.8 billion settlement with BNP Paribas to settle charges that the French bank hid $30 billion in transactions that violated U.S. sanctions. And BNP Paribas might not be the only large financial institution at fault.
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Suntrust pays $968M in mortgage origination settlement

Covers mortgage servicing and foreclosure abuses
June 17, 2014
SunTrust agreed to pay $968 million for a mortgage origination settlement to cover mortgage servicing and foreclosure abuses. But according to Attorney General Eric Holder, there will be more settlements to come.
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Evidence reveals Credit Suisse mortgage lapses

Emails show new story during crisis
March 10, 2014
Credit Suisse has long claimed that it kept an untarnished name throughout the financial crisis, but that clean title might change very soon due to new evidence.
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