The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis.

Tagged with: Bank of America Fannie Mae Freddie Mac mortgages

The government's consumer finance watchdog is investigating mortgage insurance deals between banks and the insurers American International Group Inc., MGIC Investment Corp. and Genworth Financial Inc.

Tagged with: Bank of America mortgage

By Jacob Adelman AP Writer Los Angeles — Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured ...

Tagged with: Bank of America foreclosure Home Affordable Modification Program JPMorgan Chase

By Alex Veiga AP Real Estate Writer Los Angeles — The foreclosure crisis intensified across most large U.S. metropolitan areas this summer, with Chicago and Seattle — cities outside of the states that have shouldered the worst of the housing ...

Tagged with: Bank of America foreclosures GMAC Mortgage RealtyTrac

By ?JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people’s homes, Federal Reserve Chairman Ben Bernanke said Monday. Preliminary results ...

Tagged with: Bank of America Bernanke foreclosures GMAC Mortgage Treasury Department

By Ben Mook Dolan Newswires As prosecutors and class-action attorneys grapple with the extent to which “robo-signed” affidavits were filed in foreclosure cases across the country, the nation’s judiciary will have to decide whether to handle them merely as instances ...

Tagged with: Bank of America foreclosures GMAC Mortgage

By Sam Boykin Dolan Newswires Cheryl Littlefield’s ideal home was pulled right out from under her. Located near Revolution Park just west of Uptown Charlotte, N.C., the 1,200-square-foot, three-bedroom brick ranch was just what Littlefield was looking for. And priced at ...

Tagged with: Bank of America foreclosures National Association of Realtors

By Alan Zibel AP Real Estate Writer Washington — Officials in 50 states and the District of Columbia have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of ...

Tagged with: attorney general Bank of America foreclosures mortgages RealtyTrac

By Ben Mook Dolan Media Newswires Pressure on banks and processing firms to suspend foreclosures over concerns of paperwork errors continues to mount as a group of as many as 40 state attorneys general plans to announce a multijurisdictional investigation ...

Tagged with: Bank of America foreclosures GMAC Mortgage JPMorgan Chase Van Hollen

By Marie Rohde The Milwaukee Common Council will consider a resolution supporting a nationwide moratorium on home foreclosures because of allegations of improper actions by banks. Bank of America voluntarily set a nationwide foreclosure moratorium after it was revealed that ...

Tagged with: Bank of America foreclosure Michael Murphy Robert Bauman