Brian Browdie

Business Solutions, the purchasing arm of the American Bankers Association, has renewed an agreement with Interthinx.

The Federal Trade Commission is continuing a government crackdown on mortgage relief scams, filing three new lawsuits in different states this week.

The National Credit Union Administration sued Credit Suisse Group, charging the Zurich-based company with misleading three corporate credit unions about the riskiness of mortgages that backed securities Credit Suisse bundled and sold to them.

The New York attorney general has sued JPMorgan Chase, charging that the Bear Stearns brokerage it bought committed fraud in the sale of hundreds of billions of dollars in mortgage-backed securities.

Two shareholders of Open Solutions claim the company may have diminished the value of their investments on the eve of its possible sale.

A company that provided real estate appraisals to a former mortgage lending giant during the run-up to the housing crisis will pay a fine to settle charges that its appraisers conspired with the lender to puff up home values.

Flagstar Bancorp, a top ten ranked player in residential finance, is going the reverse stock split route.

Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in residential mortgage-backed securities it issued during the run-up to the financial crisis.

LendingQB has upgraded the capabilities of its loan origination system with software from DocMagic.

Ellie Mae has upped the capabilities of its Encompass360 software with the SmartGFE 2.0 service from ClosingCorp.