Regulators have unfairly targeted Ocwen Financial Corp. with the goal of forcing it to sell its mortgage servicing portfolio to investors that would foreclose on troubled borrowers, claims a prominent mortgage finance analyst.
A Newport Beach, Calif., man was arraigned on charges of impersonating an attorney and defrauding clients through debt consolidation and mortgage modification schemes, according to the Orange County District Attorney's office.
An El Paso real estate investment trust, run by some of city's most successful business people, faces new allegations of fraud in a failed housing venture just as another lawsuit against the trust has been dismissed by a federal judge.
To address an unintended consequence of the TILA-RESPA integrated disclosures, California regulators are making it easier for lenders to prove compliance with rules limiting interest charges on mortgage closings that take more than one day.
Citing a pattern of "bad-faith harassment, retaliation and fraud" against rent-controlled tenants, a San Francisco Superior Court Judge has ordered a landlord to pay the city nearly $2.4 million in penalties for violations of state housing law.