Fannie, Freddie CEOs get a well-deserved huge boost in pay

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S&P Case-Shiller: Home price gains slowed in April

Nationally home prices gained 4.2%
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Items Tagged with 'Lawsuit'

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RBS mortgage settlement with FHFA could reach $4.5B

First of 18 lawsuits from FHFA
Brena Swanson
The Royal Bank of Scotland Group could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, marking the first out of 18 lawsuits from the Federal Housing Finance Agency to reach trial.
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Massachusetts Court of Appeals rules for MERS

MERS assignment, role as mortgagee is valid
Trey Garrison
MERS once again wins in the appeal of a trial court ruling that held MERS did not have authority from the original lender to assign the mortgage. Want to know more?
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Court debates lifting time limitations on mortgage bond lawsuits

When does the clock start?
Brena Swanson
While investors who say they were duped into buying flawed mortgages have six years to sue, the court is currently trying to figure out when exactly the clock starts on the six years.
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Ocwen, Assurant to pay $140 million to settle force-placed insurance suit

Class-action suit accused Ocwen of artificially inflating costs
Ben Lane
Ocwen Financial and Assurant agreed to pay $140 million to settle a massive class-action lawsuit, which accused Ocwen of artificially inflating the cost of force-placed insurance in exchange for kickbacks from Assurant. The settlement agreement, which is awaiting final approval from federal court in Florida, resolves claims of 399,843 homeowners who allege they were overcharged for insurance.
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Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution
Sarah Wheeler
"Today we reached a confidential settlement of the contempt motion in the case of Move, Inc. et al. vs. Zillow, Inc. et al. While we cannot reveal its details, we're absolutely thrilled with the result, and now it's full-steam ahead with the prosecution of this litigation.."
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Chicago Association of Realtors drops defamation lawsuit against member

Lawsuit stemmed from Facebook post
Ben Lane
A defamation lawsuit brought by the Chicago Association of Realtors against one of its own members is now over, after the parties agreed to drop the suit. It all started with a Facebook post.
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Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit
Ben Lane
It turns out that Morgan Stanley is not out of the woods when it comes to trouble with regulators. Far from it, in fact. The company disclosed that it is expecting to be the subject of a lawsuit filed by New York Attorney General Eric Schneiderman over approximately 30 subprime securitizations sponsored by the company.
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Mark Geragos: More Zillow employees victims of sexual harassment

Tells USA Today: “clearly a major problem” at Zillow
Ben Lane
Mark Geragos, the attorney representing Rachel Kremer in her sexual harassment lawsuit against Zillow, said that other Zillow employees have already come forward to corroborate Kremer’s claims that she was the victim of "sexual torture" while working at Zillow.
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Zillow accused of “heinous acts of sexual harassment"

Former employee: Pervasive culture of degrading women
Ben Lane
Rachel Kremer, who was an inside sales consultant at Zillow for more than two years, is suing the company, claiming that she was "routinely and unapologetically subjected to despicable and inappropriate sexual conduct" throughout her time with the company.
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Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?
Ben Lane
The situation surrounding the escrow account shortages discovered at LandCastle Title and the law firm of Morris Schneider Wittstadt has taken another dramatic turn, with PGA golfer Dustin Johnson filing an amended motion which accuses Mark and Rod Wittstadt of conspiring to use Nat Hardwick as a pawn and set him up to take the fall for the shortages that were discovered in the accounts of the firm and its subsidiary, LandCastle Title.
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