Enforcement

The U.S. Justice Department has sued the largest foreclosure trustee in the Pacific Northwest, claiming it illegally foreclosed on at least 28 military members or veterans in the past six years.

Marco Laureti owned several real estate and mortgage businesses, a real estate license, a mortgage broker's license and a house on San Marino.

Three real estate investors illegally pushed down prices in Palm Beach County, Fla., foreclosure auctions, federal prosecutors say.

Credit Suisse's plan for consumer relief in a multibillion-dollar Department of Justice settlement related to residential mortgage-backed securities could reduce the costs involved, according to the settlement monitor's first report.

Most secondary market outlets, along with the non-qualified mortgage lenders, remain reluctant to lend to legal cannabis workers because of the source and nature of their compensation, but opportunities are beginning to emerge.

Legalizing the recreational use of marijuana has created jobs in Colorado, bringing people into the state and putting stress on its residential purchase and rental markets.

The CFPB's practice of "regulation by enforcement" forces mortgage companies to develop compliance standards based on the mistakes of their peers, rather than clear guidance from the enforcement agency, said David Motley, the new chairman of the Mortgage Bankers Association.

From debating the future compliance landscape to developing a digital mortgage strategy, here's a preview of the top issues, ideas and themes on tap when the industry convenes in Denver for the Mortgage Bankers Association's Annual Convention & Expo.

Ginnie Mae and the Department of Veterans Affairs have described in more detail the VA loan refinancing practices they will crack down on to eliminate a long-running churning concern.

The Consumer Financial Protection Bureau said Friday that Anthony Alexis, its enforcement chief, plans to leave the agency after more than five and a half years.

Wells Fargo took a surprise $1 billion charge in the third quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

Hundreds of federally subsidized housing residents in Pittsburgh's East End are being forced from their homes because of squalid conditions.

A lawyer has been convicted on federal fraud charges for scheming to provide falsified documents to prevent foreclosure on a nearly $2 million parcel of land in Aurora, Ill.

A Hazleton, Pa., real estate agent who admitted bilking home buyers out of hundreds of thousands of dollars through bogus property sales was sentenced to serve more than four years in federal prison.

The president and founder of a now-defunct East Falmouth, Mass., mortgage company pleaded guilty to charges that he defrauded the federal government out of about $2.5 million.

Arlando Jacobs and Clarence Roland stole homes across Texas and two other states with the scribble of a pen, the FBI says.

Wells Fargo has agreed to "good faith class settlement negotiations" to resolve a lawsuit that alleges the bank was making "stealth" mortgage modifications that could vastly increase homeowners’ borrowing costs, according to a filing Monday in federal bankruptcy court in Charlotte.

The former president of a defunct Long Island, N.Y.-based national mortgage lender was sentenced in federal court in Central Islip to three years of probation and ordered to pay $20 million in restitution to taxpayers.

A Consumer Financial Protection Bureau proposal would limit how much Home Mortgage Disclosure Act data is released to the public in an effort to protect consumer privacy.

Three executives from Vanguard Funding are facing fraud charges related to their alleged misuse of nearly $9 million in warehouse lending funds.