A bank and six mortgage insurance companies have been named as defendants in a lawsuit that alleges illegal kickbacks. Plaintiffs seek class-action certification. Attorneys in the case are some of the same attorneys who successfully litigated similar cases before the Third U.S. Circuit Court of Appeals in 2009. At issue are $54 million in re-insurance [...]
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Class Action Filed Over M.I. Kickbacks
April 8th, 2012 
davidguide 
Posted in Business Loans 
Tags: Circuit, estate settlement, Filed, illegal kickbacks, insurance, insurance premiums, issue, mortgage insurance companies, settlement, settlement procedures, sham 
Comments OffFormer WaMu Execs Settle FDIC Lawsuit
December 14th, 2011 davidguide Three of the top executives at the helm Washington Mutual Bank around the time it became the biggest bank failure in U.S. history have agreed to a settlement with the Federal Deposit Insurance Corp. The FDIC previously filed a lawsuit in federal court against Kerry Killinger, Stephen Rotella and David Schneider. Regulators claimed that the [...]
Posted in Business Loans Tags: Court, Execs, FDIC, federal deposit insurance, federal deposit insurance corp, kerry killinger, Lawsuit, settlement, stephen rotella, Washington, washington mutual bank Comments OffYSPs At Issue in $1 Million Settlement
May 28th, 2011 davidguide A settlement in a class-action lawsuit will cost Fairway Independent Mortgage Corp. more than $1 million. At issue are alleged undisclosed yield spread premiums and claims of mortgage fraud by a Missouri originator. The lead plaintiffs claim that Fairway, as a mortgage broker, had a fiduciary duty to provide them with the least expensive loan [...]
Posted in Business Loans Tags: class action lawsuit, Fairway, Independent, independent mortgage corp, Lead, Mortgage, mortgage fraud, settlement, spread premiums, yield, YSPs Comments OffGot Leads 365 Offer Fresh Business Leads
March 18th, 2011 davidguide Only the Freshest Leads for Exclusive Refinance, Loan Modifications and Debt Settlement With the economy trying to recover from a tough recession, many Americans find themselves in difficult financial situations who are anxiously looking for help where they can find it. This is a great opportunity for anyone who has help to provide, and Got [...]
Posted in Business Loans Tags: Business, call, call center solutions, client, Got, information, interested customers, interested prospects, loan modification, settlement, settlement plan Comments OffGeorge Maloof, Michael Morton reach settlement, part ways
January 4th, 2011 davidguide Palms hotel-casino owner George Maloof Jr. in Las Vegas today announced he’s parting ways with restaurant and nightclub operator Michael Morton and the parties have settled their litigation. View full post on Business Stories
Posted in Business Structures Tags: Business, casino owner, george maloof jr, hotel-casino, michael morton, nightclub operator, palms hotel casino, post, restaurant, settlement, Today Comments OffFeatures of a Hard Money Loan
January 1st, 2011 People who have the opportunity to invest in a property may need a hard money loan to proceed with the purchase. A hard money loan is a financing tool these people use to acquire the house or multiple housing units so that they can buy, and then resell it. A hard money loan has many important features.
Posted in Business Loans Tags: home, Housing, investment property loan, Money, money investment, money loan, money mortgage, Mortgage, payment, prime mortgage, settlement Comments OffCostly Litigation for Foreclosure Firms
December 11th, 2010 davidguide A $12 million settlement was reached in a lawsuit filed by the Federal Trade Commission against National Foreclosure Relief Inc. A $60 million lawsuit was filed in October by California’s attorney general against US Loan Auditors. In Florida, the U.S. Department of Justice announced that Peter James Porcelli II was sentenced to prison and hit [...]
Posted in Business Loans Tags: California, Commission, Costly, Federal, federal trade commission, Firms, Florida, Foreclosure, foreclosure relief, Lawsuit, Litigation, National, national foreclosure, Peter James Porcelli II, porcelli, settlement, Trade, U.S. Department, US Comments Off
