David Mclaughlin
Obama creates unit to investigate mortgage misconduct by banks
WASHINGTON - President Barack Obama said he will create a mortgage crisis unit that includes federal and state officials to investigate wrongdoing by banks...
Attorneys General discuss mortgage probes as bank talks drag on
WASHINGTON - About a dozen state attorneys general met this week to discuss their mortgage investigations and how they might work together as settlement...
BofA loses ruling against MBIA in fight over loans
NEW YORK - Bank of America Corp. lost a ruling in a court fight against MBIA Inc. that will help the bond insurer as...
Massachusetts won’t back foreclosure deal with some releases
NEW YORK - Massachusetts said it won’t sign on to any nationwide foreclosure settlement that includes certain liability releases for banks, joining at least...
Bank foreclosure deal said to be held up over liability releases
NEW YORK - A push by U.S. banks to win broad liability releases has become one of the main obstacles in talks to resolve...
Banks’ mortgage servicing falls short, Connecticut says
NEW YORK - Connecticut Attorney General George Jepsen is seeking meetings with four U.S. lenders to discuss their foreclosure practices, saying they are failing...
Foreclosure accord may offer writedown choice, Olens says
CHICAGO - States may get to choose individually in a possible nationwide foreclosure settlement with U.S. banks how to use any money, including whether...
BofA ‘significantly hindered’ review of foreclosures, U.S. says
NEW YORK - Bank of America Corp., the largest U.S. lender, “significantly hindered” a federal review of its foreclosures on loans insured by the...
Foreclosure probe ‘closer’ to settlement, Iowa official says
NEW YORK - Iowa Attorney General Tom Miller, the leader of a 50-state probe of foreclosure practices, said a settlement is “closer” and that...
Foreclosure deal may let banks pick from menu of payment options
NEW YORK - U.S. banks and state attorneys general, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement...
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