Tag Archives: Mortgage Crisis

CFPB has drawn up a policy statement that provides an analytical framework to assist federal and state agencies in holding companies accountable when in violation of the law.

The defendants, including Larry Castle and Caren Castle, in State of Colorado v. The Castle Law Group, LLC, et al.,recently gained a major victory in the five-year case when Denver District Judge Morris Hoffman ruled in favor of the defendants, blocking the attorney general’s original request of damages of up to $26 million.

The bank is scheduled to release its Q1 2016 earnings statement on April 14.

Quicken Loans aired a commercial pushing its Rocket Mortgage program during the Super Bowl on Sunday, prompting a barrage of criticism on Twitter, which in turn prompted an equally strong defense from several prominent publications.

But a new analysis of the mortgage crisis, which cost millions of families their homes and brought down storied financial institutions such as Lehman Brothers and Washington Mutual, suggests prime loans, not subprime, were the major driver and “the crisis was not solely, or even primarily, a subprime sector event.” This select print feature will appear in the August 2015 issue of DS News.

Attorney General Eric Holder has given U.S. attorneys across the country 90 days to judge whether or not they want to bring cases against specific individuals for their alleged roles in 2008's mortgage crisis, according to reports.