Illinois AG sues Countrywide alleging discrimination against minorities seeking home mortgages – Chicago Tribune
CHICAGO (AP) — Attorney General Lisa Madigan filed a lawsuit Tuesday against Countrywide, alleging the fallen mortgage industry giant discriminated against blacks and Latinos buying home mortgages in Illinois. The lawsuit, filed in Cook County Circuit Court, claimed the Bank of America Corp …
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The state Attorney General’s office sued Bank of America on Friday, accusing it of defrauding its mortgage customers. In a complaint filed in Maricopa County Superior Court, the state charges the bank, the largest servicer of home loans in Arizona, with … Go to Source…
Allstate Corp. has sued Bank of America Corp. saying its Countrywide subsidiary sold Allstate more than $700 million in mortgage backed securities that Countrywide knew were likely to default. The suit, filed Thursday in U.S. Court for the Southern … Go to Source…
Bloomberg News reporter James Sterngold talks about a lawsuit filed by Dallas County, Texas, District Attorney Craig Watkins against Mortgage Electronic Registration Systems Inc. and Bank of America Corp. involving a system used for more than a decade to register mortgages. Bank of America is among a group of lenders that may face a wave of new lawsuits claiming cash-strapped counties we…
Payday loan is so popular these days that more and more people considered this type of credit service. Several states considered payday loans as legal while there are also other states that banned and restricted it. And, one of the states that grant the establishment of payday loan companies is the state of Illinois. Many payday loan Illinois services are now offered either online or offline. Howe…
The Illinois payday advance loan, as maintained by the Payday Loan Reform Act of the State of Illinois is commonly considered as a quick and convenient way to get cash. You simply need to write a post-dated check and the loan company you are applying with will provide with cash on the spot. However, although the state considered the Illinois payday advance loan as the most convenient way of borrow…
WALNUT CREEK, Calif. (AP) — The PMI Group Inc. on Tuesday said its main subsidiary received approval from Freddie Mac to be a direct issuer of mortgage guaranty insurance. Its shares climbed almost 17 percent. The unit, PMI Mortgage Assurance Co., got Freddie Mac’s approval to write new mortgage Go to Source…
NEW YORK, Nov 5 (Reuters) – Bank of America Corp ( BAC.N ) said it won the dismissal of a lawsuit by investors who claimed its Countrywide unit misled them about its lending practices in documents for $352 billion of mortgage securities offerings. U.S … Go to Source…
Most of us would probably have seen, read or heard advertisements on the television, newspapers or radio of home equity loan lenders urging homeowners to consolidate their debts by using the equity of their properties or homes. What made home equity loans very popular are its low interest rates. In fact, the interest rates of home equity loans are much lower than any other type of loan. The other …
We all know how Home Equity Loan can be a big help to our financial necessities. A good deal plus wise spending plus an ample income always results in better living. So don’t postpone your better living ideas because you are presently nil of cash. Apply for an equity loan now. Especially if you’re living in Illinois, this page can help you. Here are the best home equity loan lenders in Illinois. F…
NEW YORK -(Dow Jones)- MBIA Inc. ( MBI ) agreed to drop a lawsuit against Bank of America Corp. ( BAC ) and Merrill Lynch over $5.7 billion in credit default protection the bond insurer underwrote for the bank’s mortgage-backed securities. The parties … Go to Source…
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