Litigation

Recent Posts

Citigroup Inc. To Pay $158 Million To Settle Mortgage Lending Lawsuit
Posted on 16 Feb 2012 by Shane Dilworth

NEW YORK - (Mealey's) Citigroup Inc. on Feb. 15 agreed to pay $158.3 million to resolve a lawsuit brought by the federal government accusing the bank of failing to comply with Housing and Urban Development and Federal Housing Administration regulations... Read More

Tags: Federal Housing Administration , mortgage loans , Citigroup , mortgage lending , CitiMortgage , mortgage insurance , United States ex rel. Sherry A. Hunt v. Citigroup Inc. , bank , FHA , HUD , Litigation , lawsuit , Citibank , Housing and Urban Development

Federal Government, State AGs Reach $25 Billion Agreement With Banks Over Foreclosures
Posted on 9 Feb 2012 by Shane Dilworth

WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice (DOJ) announced Feb. 9 that the federal government, attorneys general from 49 states and five national banks have reached a $25 billion settlement to resolve issues stemming from the lenders'... Read More

Tags: Office of the Inspector General , Citigroup , mortgage lending , Eric T. Holder , lenders , state attorneys general , U.S. Department of Justice , HUD , banks , Wells Fargo , Litigation , foreclosure , JPMorgan Chase Bank , Settlement , GMAC , Secretary Shaun Donovan , DOJ , Bank of America , Housing and Urban Development , Ally Financial