Enforcement

A former Nomura Holdings trader was found guilty of conspiring to lie to clients about mortgage-bond prices, while another was cleared of all charges in a verdict that highlights the challenge of policing fraud in the market.

Mounting compliance risks and an evolving landscape for how consumers shop for homes and mortgages have some lenders re-examining whether they still need co-marketing arrangements with real estate brokerages.

Fay Servicing will pay $1.15 million in borrower restitution and possible disgorgement to settle CFPB allegations that it engaged in so-called foreclosure dual tracking and failed to keep borrowers informed about loss mitigation efforts.

Litigation is soaking up a significant share of resources at the Consumer Financial Protection Bureau, which faces at least a dozen cases challenging its constitutionality and a surging number of legal disputes to its enforcement actions.

HSBC has fulfilled its obligation under the National Mortgage Settlement and will no longer be monitored for compliance.

Three Northern California men, including one of Oakland's largest landlords, were convicted of creating a massive bid-rigging scheme to scoop up hundreds of foreclosed properties at suppressed prices.

Deutsche Bank has reached a $95 million settlement with Maryland stemming from the housing crisis that will funnel $80 million to provide new mortgages or mortgage relief to eligible consumers as well as help finance affordable housing.

The former treasurer of an Oklahoma City homeowners association has been charged with eight felony counts of embezzlement.

Wayne Francis, the lawyer and real estate speculator captured while hiding in a Connecticut hotel room over the holiday weekend, was presented in court Tuesday on a larceny charge and held on a $2 million bond.

Three former Nomura Holdings mortgage-bond traders accused of cheating their customers called no witnesses in their defense against fraud charges, betting that prosecutors’ evidence is too weak to convict them.