Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
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Items Tagged with 'Department of Justice'

ARTICLES

Huge tax bill for homeowners who receive BofA settlement?

The relief could be too good to be true
Ben Lane
There could be a huge tax bill coming for borrowers that accept relief as part of the $16.65 billion settlement between Bank of America and the U.S. Department of Justice.
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WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”
Ben Lane
"Why are we charging the stock holders instead of going after the people who did wrong?” former Wells Fargo CEO Dick Kovacevich said. “Corporations don't engage in criminal behavior. They don't take advantage of innocent people. People do.”
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Bank of America reportedly reaches $17 billion RMBS settlement

Settlement would be largest yet
Ben Lane
If true, the $17 billion settlement would exceed the previous high of $13 billion paid by JPMorgan Chase in November to settle similar claims. As of press time, Bank of America did not have a comment on the rumors.
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Fifth Third Mortgage pays $1.5M to settle discrimination claims

Accused of violating Fair Housing Act, Equal Credit Opportunity Act
Brena Swanson
The Department of Justice reached a settlement with Fifth Third Mortgage Company to resolve allegations that it engaged in a pattern or practice of discrimination on the basis of disability and receipt of public assistance in violation of the Fair Housing Act and the Equal Credit Opportunity Act.
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BofA, DOJ settlement negotiations remain tangled

Two sides remain far apart on crucial issues
Brena Swanson
Bank of America continues to work through its negation talks with the Department of Justice. However, the two still stand very far apart on crucial issues.
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DOJ demands more in BofA, Countrywide deal

Deal hung up over penalties
Brena Swanson
The Department of Justice is not satisfied with its negotiations over Bank of America's cash penalty amount for the dealings of Countrywide and Merrill Lynch. The $13 billion is not enough.
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Fed releases SunTrust order over $160M mortgage penalty

Settlements continue to dent lender's profits
Brena Swanson
SunTrust's earnings continue to be dragged down by various mortgage settlements, resolving past foreclosure and mortgage issues. Most recently, the Federal Reserve finalized the $160 million penalty related to faulty mortgages announced back in October.
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DOJ warns Citi settlement “will certainly not be the last”

AG Holder says cases coming soon against additional banks
Ben Lane
“We have not ruled out holding these organizations or individuals criminally responsible,” U.S. Attorney General Eric Holder said. “The agreement does not preclude the ability to bring criminal charges.”
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It's official: Citi reaches $7B RMBS settlement

Drastically dents 2Q profits
Brena Swanson
Citigroup officially announced a $7 billion settlement to settle residential mortgage-backed securities and collateralized debt obligations with the Department of Justice after industry whispers that the bank was nearing a resolution.
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The facts behind BNP’s $8.8B settlement discovery

Story dates back two decades at bus bombing
Brena Swanson
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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