Improper foreclosures conducted by some financial institutions are part of the legacy of the left by the financial crisis. A foreclosure that is not conducted in accordance to state law leaves the new purchaser of the property in the impossible position of not having marketable title when they go to sell it again.

In a quarterly filing released Wednesday, SunTrust Banks, Inc. announced that it was cooperating with a government probe into fees and expenses charged by law firms for services related to foreclosing upon delinquent loans guaranteed by Fannie Mae and Freddie Mac.

The Board of Governors of the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced Tuesday that it had completed the review of the second round of resolution plans submitted by 11 large banks.

Timothy P. Fitzgerald, 56, of Leawood, Kansas, pleaded guilty on Monday to participating in a scheme to defraud the Bank of Blue Valley, which eventually accepted approximately $21 million in troubled asset loans from the U.S. Treasury.

The Bureau of Economic Research at the University of Florida announced that the consumer sentiment index for the state’s residents rose another two points to 84, hitting a post recession high.

In an effort to resolve claims against JPMorgan over alleged misrepresentations related to money-losing mortgage bonds, trustees agreed on Friday to accept the bank’s $4.5 billion settlement offer on behalf of the great majority of trusts that owned mortgage-backed securities issued by the bank.

Conventional wisdom seems to suggest that recent housing data points to reasons for analysts to worry about the direction of the economy. A new report makes the case that the picture is much brighter then their consensus would lead one to think.

Experian announced that its latest analysis has uncovered how the addition of rental payment data to credit files can help financially exclude consumers gain access to traditional financial services.

The Texas economy grew during the first half of 2014. From January 1 through the end of June, Texas employment has grown 3.3 percent, which is better than the national average.

LenderLive announced recently that Larry Hudnall has joined the firm as SVP, national sales manager of the company’s Settlement Services division.He will be responsible for sales, sales management, and revenue growth for the company’s Settlement Services division.