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Nomura Securities Enters Agreement Over RMBS Fraud

U.S.-based subsidiary of Nomura Holdings agrees to $35 million settlement and restitution with DOJ following investigation into fraudulent trading.

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CFPB Fines Freedom Mortgage $1.75 Million For Illegal Kickbacks

Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals.

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Shareholders Of Fannie Mae, Freddie Mac Awarded $612 Million

Victory comes after a previous trial ended in a hung jury.

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UBS Settles RMBS Lawsuit For $1.435 Billion

Resolves 2018 civil action alleging misconduct related to UBS’ underwriting of securities

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loanDepot Settles Class Action Lawsuit For $3.5M

Shareholders had accused the lender, its executives, and bank underwriters of misleading disclosures during the 2021 IPO, while loanDepot denies any wrongdoing.

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Pair Indicted For Theft Of $2.1 Million From Cash Out Mortgages

Duo used impostors, fake IDs to defraud elderly Vietnamese Americans – and dupe banks.

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Florida Man Pleads Guilty To Nationwide Mortgage Audit Scheme

Charged with wire fraud for claims he could wipe out clients’ mortgage debt.

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Jury Resolves Decades Long Dispute Over Servicing

LoanCare wins $22.6M in countersuit against Freedom Mortgage.

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LoanDepot Faces New Shareholder Suit Amidst Ongoing Legal Woes

Allegations of investor deception and breach of fiduciary duty plague the mortgage firm.

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Go Mortgage Sues Former Exec For ‘Corporate Sabotage’

Claims ex-director of capital markets cost company millions in financial losses.

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