AP – State Attorney General Jerry Brown sued the federal government Wednesday, asking a judge to stop government-sponsored mortgage buyers from blocking a program that lets homeowners pay for energy-efficient improvements through increased property taxes.
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Reuters – Charles Schwab Corp violated federal law when it failed to get approval from shareholders of its YieldPlus mutual fund before putting roughly half the fund’s assets into uninsured mortgage-backed securities, a federal judge ruled.
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AP – A Delaware bankruptcy judge on Tuesday refused to halt implementation of his order allowing auto parts supplier Visteon Corp. to terminate its retirees’ health and life insurance benefits.
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AP – Attorneys for retired Visteon workers are appealing a bankruptcy judge’s order allowing the auto parts supplier to terminate their health and life insurance benefits.
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Reuters – In a victory for ratings agencies, a U.S. judge on Tuesday dismissed claims against Moody’s Corp and McGraw-Hill’s Standard & Poor’s in litigation over nearly $100 billion of Lehman Brothers Holdings Inc mortgage-backed securities.
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AP – A New Jersey man has been sentenced to 18 years in prison and ordered to pay more than $100 million in restitution for masterminding what a judge described as one of the biggest real estate frauds in state history.
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AP – A New Jersey man has been sentenced to 18 years in prison and ordered to pay more than $100 million in restitution for masterminding what a judge described as one of the biggest real estate frauds in state history.
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AP – A New Jersey man has been sentenced to 18 years in prison and ordered to pay more than $100 million in restitution for masterminding what a judge described as one of the biggest real estate frauds in state history.
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AP – A federal judge suggested Monday that he might restrict the scope of a first-of-its kind lawsuit filed by the city of Baltimore against mortgage giant Wells Fargo Bank N.A.
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Reuters – A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered former executives were using staff and equipment to launch a start-up venture.
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