The National Law Forum

The Blog of the The National Law Review

Category Archives: Financial Services Law

Quicken Loans Takes on the DOJ & HUD

dollar shaped like U.S.

Quicken Loans, the nation’s largest Federal Housing Administration (FHA)-backed mortgage lender,filed suit on Friday, April 17 in the United States District Court in Detroit against the United States Department of Justice (DOJ) and the Department of Housing and Urban Development (HUD). In the suit, Quicken alleged that it is a target of a probe in …

Continue reading

Bank of America’s Inconsistent Positions re: Faulty Residential Mortgage-backed Securities

Bank of America recently moved to dismiss a lawsuit filed by Ambac Assurance Corp. in New York state court, alleging $600 million in damages for fraudulent inducement in connection with payments it made under policies insuring faulty residential mortgage-backed securities issued by Countrywide. In its complaint filed at the end of 2014, Ambac claims that it insured securities …

Continue reading

Follow

Get every new post delivered to your Inbox.

Join 20,573 other followers