Tag Archives: U.S. Bank

Black Knight, Inc. recently announced that U.S. Bank, the fifth largest commercial bank in the United States, will implement Empower, Black Knight’s loan origination system (LOS), to manage loans purchased via its correspondent and HFA lending channels.

The suit ties back to $2 billion in defective residential mortgage-backed securities sold by BofA predecessor company First Franklin Financial Corp amidst the 2008 financial crisis.

Here’s what an OCC report on the disclosure of mortgage loan data of some of the largest banks in the U.S. revealed about the number of foreclosures initiated by them.

Since sponsoring Habitat for Humanity in 2016, Altisource has been connecting with local habitat affiliates across the country. Saturday, July 22, along with representation from Fannie Mae and U.S. Bank, they helped build a home alongside the soon-to-be homeowners to plant roots for generations to come.

A handful of banks may find old cases revived in the near future, after a recent U.S. District court ruling. Will the FDIC take action?

As demand for mortgage loans rises and underwriting standards slowly ease, many banks reported increasing mortgage activity in their Q2 earnings reports.

Why did a federal appellate court rule in favor of U.S. Bank in a case where a homeowner was trying to get his foreclosure dismissed?

The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Steve Dane, partner with Relman, Dane & Colfax in Toledo, Ohio.

Banks and other financial institutions have agreed to many multimillion and even multibillion dollar settlements following the financial crisis for their mortgage practices. This week, however, HUD ruled in favor of U.S. Bank in a complaint that alleged racial discrimination in REO property maintenance.