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Loan Modification

: Loan Modification & Home Loan News

One West Banks new billionaire owners make $1.6 billion profit

By Moe Bedard

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The billionaires’ club of private financiers who took over the remains of IndyMac Bank from the Federal Deposit Insurance Corp. turned a profit of $1.57 billion last year on the failed mortgage lender — more than they invested less than a year ago. Yet under the sale agreement, the federal deposit insurance fund still could lose [...]

Full post as published by Loan Modification & Home Loan News on February 22, 2010 (boomark / email).

Lawsuits and Settlements

Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings

Great-West Lifeco Must Pay $456 Million In London Life Class Action
Great-West Lifeco Must Pay $456 Million In London Life Class Action

Richard Mellon Scaife
Billionaire divorce lawsuit ends in a $725,000 a month settlement.

West Virginia Child Advocate Office Faces Class Action over Child Support
West Virginia Child Advocate Office Faces Class Action over Child Support

Rent Controlled Apartments
Landlord to pay $10 million settlement after forcing out low income tenants and then selling the buildings for a profit.

Big Oil
Sued by Florida Boat Owners Over Ethanol

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