by Jeff Sorg | Feb 5, 2016 | Mortgage, Real Estate
The settlement reflects a continuation of enforcement actions to hold financial institutions accountable for abusive mortgage practices By Jeff Sorg, OnlineEd Blog (February 5, 2016) – The Justice Department, the Department of Housing and Urban Development (HUD)...
by Jeff Sorg | Feb 4, 2016 | Mortgage, Real Estate
Bank to answer for allegations of toxic residential mortgage backed securities By Jeff Sorg, OnlineEd Blog (February 4, 2016) -A federal judge ruled on yesterday that Deutsche Bank must face a US lawsuit seeking to hold it liable for causing $3.1 billion of investor...
by Jeff Sorg | Jun 16, 2015 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate, Washington Real Estate
(Jeff Sorg, OnlineEd) SF Gate is reporting that a judge has ruled Gov. Jerry Brown and the Legislature illegally raided a state fund that was created to help distressed homeowners and took $331 million to balance the budget. The article alleges that money was taken...
by Jeff Sorg | Feb 4, 2015 | California Real Estate, Georgia Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd) – Attorney General Eric Holder recently announced that the Department of Justice has reached an agreement totaling nearly $1.4 billion with the credit rating agency Standard & Poor’s Financial Services, or S&P – along with its...
by Jeff Sorg | Jan 7, 2015 | Mortgage, Real Estate
(Jeff Sorg, OnlineEd) – A Southfield mortgage lender has agreed to pay $4.2 million to resolve allegations that it violated the False Claims Act in its origination of loans backed by the federal government. GTL Investments, Inc., doing business as John Adams...