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Settlement

Radian Acquires Independent Settlement Services
Radian Group Inc. has acquired Independent Settlement Services, a national appraisal and title management services company
Radian Group Inc. has acquired Independent Settlement Services, a national appraisal and title management services company.   Independent Settlement Services, which provides real estate information and valuation solutions in all 50 states, offers the proprietary Vendor Information Bridge (VIBe) Web... Keep Reading....
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The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007
 Ocwen Financial Corporation, New Jersey Citizen Action (NJCA), and the New Jersey State Conference of the NAACP (NJ NAACP) are teaming up on Wednesday, Aug. 15, 2018, at the Appian Way in Orange, N.J., to help Ocwen customers explore available solutions to make their mortgage payments more... more
Wells Fargo has acknowledged that it erroneously foreclosed on more homes than it had initially reported this summer
 A total of 362,275 properties carried foreclosure filings in the first half of this year, down 15 percent from the same period one year ago, according to new statistics from ATTOM Data Solutions.   A total of 191,914 properties started the foreclosure process in the first six months of 2018, down... more
Royal Bank of Scotland (RBS) has agreed to a $20 million settlement with the State of Illinois in connection to the bank’s marketing and sale of risky residential mortgage-backed securities (RMBS) in the years before the 2008 recession
 Royal Bank of Scotland (RBS) has agreed to a $20 million settlement with the State of Illinois in connection to the bank’s marketing and sale of risky residential mortgage-backed securities (RMBS) in the years before the 2008 recession.   The State will divide the settlement proceeds between the... more
HSBC has reached definitive agreement with the Department of Justice that resolves charges related to the underwriting, issuance and securitization of residential mortgage-backed securities (RMBS) from between 2005 and 2007
 PricewaterhouseCoopers LLP (PwC) has been ordered by a federal court to pay the Federal Deposit Insurance Corp. (FDIC) $625.3 million in damages for failing to uncover the fraud that led to the August 2009 closure of Colonial BancGroup Inc.   According to a Reuters report, the Montgomery, Ala.-... more

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