If your home loan is serviced by one of the five major lenders – including Bank of America and Wells Fargo – you may be entitled to a share of one of the largest civil settlements in history.
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
Government lawsuit claims 17 banks, including Bank of America, Citigroup, and JP Morgan, misrepresented the value of $196 billion worth of mortgage-backed securities when it sold them to Fannie Mae and Freddie Mac.
'Too Big to Fail' movie ends early in the crisis. But policymakers, public still struggling with aftermath of 'too big to fail' decisions.
Mortgage lenders ordered to reimburse customers they foreclosed on improperly. Regulators tell 16 mortgage lenders to hire auditors to find out who could have avoided foreclosure in 2009 and 2010.
Paperwork mess surrounding the foreclosure process is under investigation by several agencies. The Fed is one, Chairman Ben Bernanke said Monday.
Reports that bankers ignored warning signs of a foreclosure crisis while lenders used flawed documents to foreclose on homeowners took the spotlight away from JPMorgan Chase's earnings report, Wednesday.
Lenders who produced fake mortgage documents and falsified affidavits may find their attempts to foreclose thrown out of court.