In more bad news about the state of the nation’s housing market that can be expected to strengthen calls for regulatory reform and legislation, the latest data shows that mortgage…
Fearful lenders are behind a slowdown in the San Francisco real estate market that has extended to high-end commercial transactions and affected the lawyers who handle them.
As federal and state legislators ponder possible legislation to deal with a spate of mortgage foreclosures attributed to an explosion of risky subprime lending in recent years, some say a…
A nonprofit organization with a humanitarian mission is now competing with private companies to offer what has to be one of the most usurious forms of lending around: payday loans.…
Borrowers with bank accounts obviously are better mortgage risks than those with no assets. Yet, until last year, the nation’s biggest lender reportedly set up its computers to exclude applicants’…
A new law designed to fight abusive home loans signed by the governor of North Carolina last week is one of a handful of new state measures designed to curb…
A federal judge is permitting a lawsuit to go forward that claims lawyers, lenders and real estate professionals duped inexperienced home buyers into overpaying for substandard homes in New York.
Illinois is addressing rising foreclosure rates with a new law requiring some buyers to get counseling about predatory loan terms. But good intentions didn’t stop lawsuits challenging an earlier, pilot…
A South Dakota bank has agreed to pay $4.5 million to settle a claim by the New York attorney general that it charged credit-challenged customers excessive fees.
It will cost at least $256 million to correct a massive data breach involving the theft of computerized information about 45 million credit and debit cards.
