WMC Mortgage, a leading subprime originator during the boom era, could file for bankruptcy by parent company General Electric if it loses a legal proceeding regarding indemnifications on mortgage-backed securities.
A lawyer for UBS Group AG urged a New York jury to reject the tale of a former senior commercial mortgage-backed securities strategist who claimed he was fired for refusing to let the Swiss bank's traders influence his research reports.
A former UBS Group AG senior strategist for commercial mortgage-backed securities developed suicidal thoughts and felt like a "pariah" in the industry after his 2012 firing and later lawsuit against the Swiss bank, a psychiatrist told a jury.
A Milwaukee landlord who continued to buy foreclosed properties at auction after being sanctioned, must pay $64,550 in municipal court fines that he has been effectively dodging as far back as 2009, a Wisconsin Court of Appeals judge ordered.
While the national foreclosure crisis no longer commands much attention, a seven-year-old lawsuit tied to the foreclosure of a Centerville, Ohio, home continues to wind its way through the federal court system.
Saying he was fed up co-existing with town officials, the owner of a 1750s-era house on Main Street in Rowley, Mass., has put the home and the 6.8 acres it sits on up for sale and is encouraging developers to build affordable housing there.
Dustin Hoffman has notched a victory in his legal fight over a $3-million investment he made with Jeffrey Yohai, a real estate developer who is the son-in-law of Paul Manafort, the former chairman of Donald Trump's presidential campaign.