NHEMA Sues OTS
The National Home Equity Mortgage Association sued a government agency Friday over new regulations affecting prepayment and late fee rules on mortgage loans.
OTS Bumps Deadline
After urging the federal government to delay deregulation of prepayment and late fee rules because the short notice would cause a major disruption in lending, the National Home Equity Mortgage Association got its wish Friday.
Why?
Citigroup has agreed to the largest consumer protection settlement in U.S. history. With the settlement, the Federal Trade Commission (FTC) may be setting a new standard for what is and isn't acceptable behavior for companies that provide mortgage loans to consumers.
Household May Settle With States for Up to Half Billion
Another subprime company may enter into a predatory lending-related settlement that would be among the biggest in U.S. history.
Associates Legacy Put To Rest
Citigroup has settled charges of abusive lending at its finance unit with the Federal Trade Commission (FTC), resulting in one of the largest consumer protection settlements in history.
Citigroup May Settle Predatory Case For $200 Million
Citigroup, Inc. may settle predatory lending allegations with the Federal Trade Commission. Such a settlement would be a record.
Mortgage Broker Charged In Predatory Case
Case is first where lender charged for broker's actions
MortgageDaily.com July 30
Bankrupt Subprime Lender Settles With FTC
First Alliance CEO to personally make $20 million payment in predatory case
MortgageDaily.com March 22
I Fought The Law
A look at the recent changes in HOEPA
MortgageDaily.com January 17
