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Delaware Bar Foundation gains funds from mortgage settlement

The  Monitor of Bank of America's  mortgage settlement with the U.S. Department of Justice and six states announced that $1,007,536 will go to the Delaware Bar Foundation to provide legal help in foreclosure prevention...

Sen. Pettyjohn wants to tap a portion of mortgage settlement funds for downstate broadband

Senator Brian Pettyjohn (R-Georgetown)  wants funding from the recent Bank of America/Citibank settlement to be used for high-speed broadband internet through a  public-private partnership with the state, Sussex County and a private provider. Housing organizations...

This mortgage settlement with state actually goes to borrowers

A state-federal settlement with  HSBC will provide direct payments to Delaware borrowers. Attorney General Matt Denn joined the federal government and other state attorneys general in announcing the settlement with HSBC to address mortgage origination,...

Denn announces revised plan that uses proceeds from mortgage settlement

Attorney General Matt Denn revised his proposal to use funds from financial crisis settlement to be used for crime prevention, housing, substance abuse treatment, after-school and summer school programs, prisoner reentry and education in...

Year in Review: The State budget and tapping the mortgage settlement

Despite showing some strength coming out of the recession, the revenue picture in Delaware remained sluggish in 2015. Reasons range from a location on the slower growing east coast to an economy with fewer higher...

Denn to announce plan to tap into $29 million from mortgage settlement

AG says plan would aid distressed areas hit by crime and poverty Delaware Attorney General Matt Denn will announce a $29 million plan to tap funds from the financial settlement with Bank of America and...

Reinvestment Council files suit against state for tapping mortgage settlement in budget-balancing move

The Executive Director of the Delaware Community Reinvestment Action Council, Rashmi Rangan says a  suit has been filed against state officials over a decision approved by the General Assembly and signed by  Gov. Jack...

Opinion: Sketchy mortgage settlement budget move draws attention

We learned last week that Rashmi Rangan - head of the  Delaware Community Reinvestment Action Council  is  asking US Attorney General Loretta Lynch to take a look at the legality of a decision by...

Exclusive: Legal cloud hangs over use of mortgage settlement money to balance state budget

In the waning moments of the legislative session, the Delaware General Assembly tapped funds from a mortgage lending settlement with major banks. This came in spite of legal clouds hanging over a similar budget patching...

Biden says report indicates lenders are not living up to terms of mortgage settlement

Attorney General Beau Biden is not happy with the findings of a report  report  that sees  failures by national mortgage banks to meet  mortgage servicing standards secured by Biden, 48 other state Attorneys General...

Biden, Markell agree to mortgage settlement deal

Delaware Gov. Jack Markell and Attorney General Beau Biden announced a plan   that will use the funds the state is receiving from the National Mortgage Foreclosure Settlement to help Delawareans who have been...

Delaware joins states in gaining mortgage ratings settlement with Moody’s

  nikcname via Foter.com / CC BY Attorney General Matt Denn joined the U.S. Department of Justice and 20 other attorneys general in announcing a settlement resolving an investigation into Moody’s Corporation and subsidiaries over the...

Delaware gets $25 million from settlement with bond rating agency that did not detect...

sachab / Foter / CC BY The  U.S.  Department of Justice and a coalition of 18 states and the District of Columbia have reached a settlement agreement with McGraw Hill Financial, Inc. and Standard &...

Update: Fox & Roach’s Trident Mortgage settles charges of ‘redlining’ minority communities

Federal officials and attorneys general in Pennsylvania, Delaware, New Jersey announced a $20 million settlement with a mortgage company owned by a prominent regional residential real estate firm. The Department of Justice, the Consumer...

Quicken Loans can now do electronic mortgage closings in all 50 states

Quicken Loans announced it is now the first lender to develop the capabilities to perform electronic mortgage closings (eClosings) in all 50 states. Since completing its first eClosing in November 2017, Quicken Loans has completed...

State gets cease and desist order, restitution from California mortgage loan modification firms

The Delaware Department of Justice’s Consumer Protection Unit reached a settlement with two California-based companies requiring them to stop advertising and selling mortgage loan modification and debt relief services in Delaware and to provide...

Delaware-licensed mortgage company fined $1.75 million by federal bureau

The Consumer Financial Protection Bureau (Bureau) announced a settlement with Freedom Mortgage Corporation, one of the largest in the industry. Freedom is a mortgage lender with its principal place of business in Mount Laurel, NJ....

Wells Fargo announces redress program after settlement over banking practices

Wells Fargo has launched  a consumer redress review program through which consumers who have not yet been made whole through other remediation programs already in place can seek to have their inquiry or complaint...

As part of settlement, future website will give Wells Fargo customers another option

The state  Department of Justice Consumer Protection Unit, said any Delawarean who was or currently is a customer of Wells Fargo and experienced issues that have not been resolved will be able to use...

Wells Fargo agrees to pay $2 million to Delaware in 50-state settlement

Delaware customers will get about $2 million from Wells Fargo in a 50-state  settlement over allegations of unneeded insurance for auto loans and accounts being opened without customer authorization. The agreement also calls for measures...