Enforcement

California Attorney General Xavier Becerra filed a brief Thursday in support of Oakland's lawsuit against Wells Fargo, alleging that the bank illegally discriminated against minority borrowers.

Deutsche Bank is cooperating with the Justice Department's antitrust investigation into whether several of the largest global banks conspired to rig trading in unsecured bonds issued by Fannie Mae and Freddie Mac.

A West Chicago, Ill., property developer is accused by federal authorities of operating a Ponzi scheme that defrauded more than 300 investors in 32 states of at least $41.6 million.

A Pinellas County, Fla., Realtor with a controversial past faces possible revocation of his real estate license.

New York State regulators entered into a settlement with a hedge fund in a case of alleged unlicensed and predatory mortgage lending activity by Vision Property Management.

A brazen Beverly Hills Realtor and his accomplice allegedly used open houses to steal from superstar singers Usher and Adam Lambert, prosecutors said.

After trusting a local developer, some living at The Legends subdivision in Old Orchard Beach, Maine, watched in horror as the homes they occupied for years — but hadn't yet closed on — were sold at auction. And that was just the latest shocking twist.

Nearly a decade after Troy Wragg's role in a $54 million Ponzi scheme involving green energy and real estate investments in Tennessee was exposed, the former Philadelphia resident was sentenced to 22 years in prison and ordered to pay $54 million in restitution.

1st Alliance has ceased lending activities following the loss of bonding in Connecticut, plus financial concerns it links to a state regulatory dispute, but it may later seek to recapitalize.

A West Philadelphia real estate developer who bribed a city official to get an inside track on sheriff's sales was sentenced to serve one month in federal prison, followed by nine months of home confinement.

A Florida-based loan servicing company has agreed to pay $84,000 to cover attorneys fees, penalties and costs associated with improper foreclosures it initiated in Maine, the state said.

A Sacramento CEO has pleaded guilty to embezzling funds from his employees' pensions, according to the U.S. Attorney for the Eastern District of California.

Former Lend America executive Michael Ashley was sentenced to three years in prison for his actions that led to the implosion of the once-high-flying Melville, N.Y.-based mortgage lender.

A builder based near the Lake of the Ozarks swindled six families that sought new homes in Kirkwood, Mo., out of $356,000, the builder's federal plea agreement says.

A Nomura Holdings Inc. unit will repay customers about $25 million to settle U.S. regulators' allegations that it failed to supervise traders who made false statements in negotiating sales of mortgage securities.

An Indiana man was sentenced to seven years in federal prison after his conviction for participating in a foreclosure rescue fraud scheme.

A Bay Area real estate agent has been indicted on charges of fraud and money laundering after allegedly promising home loans to clients then taking their money.

The Government Accountability Office called on Ginnie Mae to undertake four reforms to its operations, citing concerns regarding the ongoing shift in size and capitalization of mortgage-backed securities issuers.

With nearly $90 million added in the past two months, Goldman Sachs marched closer to its $1.8 billion consumer-relief mortgage settlement with the U.S. Department of Justice.

The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania.