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NEW YORK (Legal Newsline) — Bank of America Corp., responding to New York Attorney General Eric Schneiderman’s allegations last week that the bank has violated last year’s $25 billion nationwide mortgage settlement, says Schneiderman can’t sue until the bank is … Read More
LANSING, Mich. (Legal Newsline) — Michigan Attorney General Bill Schuette, in a letter Wednesday, said he is concerned that certain terms of the nationwide mortgage settlement are not being met by the five banks that signed on to the deal. … Read More
GRAND RAPIDS, Mich. (Legal Newsline) — A federal judge in Michigan last week sided with the national mortgage registry known as MERS and a group of banks in a case over transfer taxes. On Friday, Judge Robert Holmes Bell of … Read More
SACRAMENTO, Calif. (Legal Newsline) — U.S. Rep. Melvin Watt, who was nominated earlier this week as the new director of the Federal Housing Finance Agency, has the backing of California Attorney General Kamala Harris. Harris said she commended President Barack … Read More
NEW YORK (Legal Newsline) — New York Attorney General Eric Schneiderman told the state’s high court last week that he is dropping damages claims against ex-American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg. However, Schneiderman still plans on … Read More
CHICAGO (Legal Newsline) — Illinois Attorney General Lisa Madigan announced Thursday that she awarded $5 million in grants from the national foreclosure settlement to fund new mortgage foreclosure mediation programs in counties with significant needs. The $5 million in grants … Read More
BOISE, Idaho (Legal Newsline) — The Idaho Supreme Court, in a unanimous ruling Thursday, sided with the national mortgage registry known as MERS, dismissing a complaint against it for wrongful foreclosure. In Edwards v. MERS et al., plaintiff Leslie Jensen-Edwards … Read More