Arizona will likely sign on to B of A deal, Horne says
Arizona Daily Star
In its 2010 lawsuit, Arizona charged Bank of America with practices that led to hundreds of people being ousted from their homes even as they were told their mortgages were being modified. Terry Goddard, who was state attorney general at the time, ...
Arizona close to joining foreclosure settlement deal with banksEast Valley Tribune

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Vail Daily column: More on the Making Home Affordable Act
Vail Daily News
In the first part of this series we identified the Making Home Affordable Act, the Obama Administration's initiative to help struggling homeowners get mortgage relief through mortgage modifications, interest rate reductions, refinancing, ...

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States With Highest Foreclosure Rates Among Bank Deal Holdouts
BusinessWeek
Bondi “remains engaged in the settlement discussions in order to ensure that Floridians receive their fair share in any agreement and that bank mortgage servicers are held accountable,” Jenn Meale, a spokeswoman for Bondi, said in an e-mailed statement ...
Showdown for the Banks, Showtime for ObamaHuffington Post (blog)
Foreclosure Deal Deadline Arrives as States Consider ReleasesSan Francisco Chronicle
Schneiderman MERS Suit and HUD's Donovan Remarks Confirm That Mortgage ...EconoMonitor (blog)
Cincinnati.com
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Google Ends Mortgage Ads; Streamlines to be Nixed from FHA Compare...
Mortgage News Daily
The White House plans to litigation as a key tool for procuring additional sums from large financial institutions that will be used to further aid for struggling borrowers. This is part of a trend that has seen the Obama administration escalate efforts ...

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Mortgage Accord, JPMorgan, BofA, Dresdner in Court News
BusinessWeek
JPMorgan Chase & Co., the biggest US bank by assets, reached a preliminary agreement to pay $110 million to settle litigation saying it gouged customers on overdraft fees for checking accounts, court records show. The settlement would resolve claims by ...
JPMorgan, Smith & Nephew, Dresdner, GE Capital, Fidelity in Court NewsBloomberg

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Contact 13 Investigates Chase accused of wrongful foreclosure
KTNV Las Vegas
By Darcy Spears Clark County, NV (KTNV) -- Wrongful foreclosure, fraud and deceit... all allegations at the center of a lawsuit against JPMorgan Chase. As Contact 13 Chief Investigator Darcy Spears reports, the nation's second largest mortgage lender ...

Banks in Mortgage Deal Are Said to Demand New York MERS Lawsuit Be Dropped
Bloomberg
Enlarge image Banks in Mortgage Deal Said to Demand NY Suit Be Dropped Banks in Mortgage Deal Said to Demand NY Suit Be Dropped Victor J. Blue/Bloomberg New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn, saying their ...
Faulty Loans Top $72 Billion as Banks Seek Legal Deal: MortgagesBusinessWeek
Banks largely reserved for US mortgage pact costReuters
JPMorgan Chase & Wells Fargo Foreclosure Deal Deadline Leaves Settlement UncertainGo Banking Rates

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Money Minute: Mortgage settlement is a good deal [Video]
Los Angeles Times
On the other, banks could be largely off the hook for future litigation. Details are still being hammered out, so nothing's set in stone yet. Like I say: It's not perfect. If it were, lenders would be accountable for any and all trespasses when it came ...

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BofA, JPMorgan, UBS, Foreclosure Deal, Goldman in Court News
Bloomberg
“Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court submissions.” The lawsuit comes three days before a Feb. 6 deadline for states to join a proposed multistate agreement over ...
Foreclosure Settlement Will Settle NothingTheStreet.com
AG Schneiderman sues banks over foreclosure practicesWNYC
Chase, Wells Fargo, BofA sued over mortgage databasesBizjournals.com

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Mortgage Bankers' Legal Team Reports Lawsuit Against BBVA Compass for Alleged ...
LoanSafe
(SOURCE Lee & Braziel, LLP) – Compass systematically violated federal labor laws by denying overtime pay to its mortgage banking officers, Lee & Braziel, LLP and the Rowdy Meeks Legal Group, LLC allege in a lawsuit filed Thursday in Texas federal court ...
Mortgage banker sues BBVA in overtime caseHouston Chronicle

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