Wells Fargo Settles Mortgage Buyback Litigation with Freddie Mac for $869 Million

Fannie Mae has reached a historic $53 million settlement with the National Fair Housing Alliance (“NFHA”) and local fair housing organizations throughout the U.S. to resolve racial discrimination claims concerning Fannie Mae’s management and marketing of real estate owned (“R...

The mortgage industry’s first “crypto-mortgage” has been issued by a financial technology firm. Presaging what could become a widespread loan product, the value of an applicant’s bitcoin or other cryptocurrency is used to qualify for the loan. Read to learn more about the bu...

Millions of homeowners have signed up for a forbearance under the CARES Act, which gives homeowners with a federally-backed mortgage loan the right to obtain a temporary reduction or suspension of mortgage payments by way of a forbearance.  During the forbearance period, the financial institution ca...