Department of Justice

Mass AG Martha Coakley Will Not Join in Giving MERS and Banks a Deal

(Source: Huffington Business) – There are some rumblings that the Department of Justice is putting the pressure on state attorneys general to sign onto the controversial $20 billion mortgage settlement deal this week that could release banks from legal claims [...]


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DOJ Claims MGIC Refused to Insure Mortgage for Woman on Maternity Leave

(Source: Housing Wire by KERRI PANCHUk) – The Department of Justice filed a lawsuit against Mortgage Guaranty Insurance Corp. (MTG: 6.53 +7.93%), alleging the mortgage insurer violated the Fair Housing Act by requiring a woman on paid maternity leave to [...]


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8 in East Bay Admit to Rigging Foreclosure Auctions

(Source: The San Francisco Chronicle) – Eight Bay Area real estate investors agreed to plead guilty to rigging foreclosure auctions in Alameda and Contra Costa counties, the Department of Justice said on Thursday. The investors’ actions suppressed competition for properties, [...]


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BofA CEO Says Foreclosure Deal Will Take Time

CHARLOTTE, North Carolina (Source: Reuters Joe Rauch) – A settlement between a coalition of federal and state agencies and banks over foreclosure practices will take longer to hammer out than many expect, Bank of America Corp Chief Executive Brian Moynihan [...]


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