Quicken Loans

Banks To Pay $123 Million for Unlawful Foreclosures Against Servicemembers

Banks Were Committing Unlawful Foreclosures Against Servicemembers While They Were Busy Defending Our Freedom    The Justice Department announced today that under its settlements with five of the nation’s largest mortgage servicers, 952 service members and their co-borrowers are eligible to receive over $123 million for non-judicial foreclosures that violated the Servicemembers Civil Relief Act […]

Mass SJC Rules In Favor of Fannie In Foreclosure Affidavit Case

Jenifer B. McKim, Boston Globe The Massachusetts Supreme Judicial Court on Friday affirmed a lower court decision in favor of mortgage giant Fannie Mae that removes a legal challenge for borrowers fighting foreclosure. The state’s top court ruled that a so-called “affidavit of sale” is enough for a lender to prove it has the right […]

Big lenders are back in court to fight Coakley

Boston Business Journal by By Matthew L. Brown, Financial Services Reporter Seeking to have the remaining civil charges against them dismissed, five large national mortgage lenders and the Mortgage Electronic Registration System confronted state prosecutors in Suffolk Superior Court in Boston on Monday afternoon. Prosecutors during a hearing argued that lenders Wells Fargo, Bank of America, […]

Law Firm Files Suit Against Servicers Alleging Kickbacks For Insurance

Kirby McInerney LLP Files Class Action Against GMAC Alleging an Illegal Kickback Scheme Over Force-Placed Insurance The law firm of Kirby McInerney LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York against GMAC Mortgage, LLC and Balboa Insurance Company in connection with an allegedly […]

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