“No one should have to endure sexual harassment and degrading treatment, especially to keep a roof over their heads," the HUD Secretary stated in response to the DOJ's initiative.
Read More »Merger of BB&T, SunTrust Granted
The Department of Justice said that the merge will include the elimination of more than 25 SunTrust branches.
Read More »Re-examining Lenders’ False Claims Act Liability
An analysis gives an overview of some of the pitfalls of the current False Claims Act the FHA must address to help lenders extend loans to higher risk borrowers—a demographic that is under FHA’s mission to serve.
Read More »GE’s $1.5B DOJ Subprime Settlement
The settlement concludes the Department of Justice's claims against GE over its handling of subprime home loans. Click through to learn what it means for the industry.
Read More »Nomura Settles RMBS Suit With DoJ
Nomura, the Tokyo-based bank, is the last in a string of financial institutions to settle with the Department of Justice for fraudulent activities involving selling mortgage-backed securities leading up to the Great Recession of 2008.
Read More »HSBC Looks Ahead After Resolving Legacy RMBS Matter
The Department of Justice reached a settlement with HSBC over legacy claims on RMBS that were issued by the bank between 2005 and 2007. Here are the details of the settlement.
Read More »DOJ Finds Complaints Against Default Services Law Firm Unsubstantiated
Unsealed court documents recently obtained by DS News reveal that the United States Government has declined to intervene in a complaint against an Ohio law firm. Here’s why.
Read More »Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for them, leading to foreclosures for around 400 borrowers.
Read More »Goldman Sachs Mortgage Relief Settlement Actions Near $1B
Goldman Sachs is approaching the billion-dollar mark for mandated consumer-relief actions stemming from two mortgage-related settlement agreements with the U.S. Department of Justice and three states. Professor Eric D. Green, who serves as independent Monitor for the company’s consumer-relief agreements, ...
Read More »HUD & DOJ Partner Against Sexual Harassment in Housing
The Department of Housing and Urban Development on Thursday announced a new series of initiatives designed to crack down on sexual harassment across the housing landscape, working in partnership with the Department of Justice (DOJ). This new push will encompass ...
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