Department of Justice sues Bank of America for $850 million in investor fraud case

The United States has filed a civil lawsuit against Bank of America for investor fraud. The complaint alleges that BofA lied to investors about the relative riskiness of the mortgage loans backing the securities and falsified statements about the investments, among other charges.

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What to expect from your real estate attorney

Buying or selling a home is a complicated process loaded with mountains of paperwork and esoteric legalese. Navigating the ins and outs of the closing process can be particularly


Racial, ethnic minorities face covert housing discrimination

“To detect housing discrimination today, HUD and local fair housing organizations need to conduct proactive testing, especially in the sales market, where discrimination appears higher than in the


Contingencies for real estate contracts

LILLIAN MONTALTO - Anticipate potential problems, include these contingencies in your offer and, whether you're a first-timer or a seasoned homebuyer, you'll save yourself some headaches. A contingency is


Pause for the clause; a little something extra for sales contracts

Even in a sellers' market as hot as it is today, contractual risks lurk, but there are ways sellers can contractually protect themselves. Conventional home sale contracts typically include


Housing discrimination against gays, transgenders, families, marital status alive, too well, legal in most states

“It’s high time to amend the Fair Housing Act to include protections for sexual orientation and gender identity as well as source of income.” NATIONAL FAIR HOUSING ALLIANCE -


April is ‘Fair Housing Month,’ for good reason

Welcome to National Fair Housing Month. On April 11, 1968, President Lyndon Johnson signed the Civil Rights Act of 1968, an expansion of the Civil Rights Act of 1964. The


HUD rolls out fair housing app

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT - The U.S. Department of Housing and Urban Development (HUD) today unveiled the first housing discrimination mobile application (app) for iPhone


What are the financial implications of transferring home ownership?

Q: "Hi Robert. My parents would like to transfer ownership of their home to either me or one of my siblings. They've asked me to look into this.


California Homeowner Bill of Rights effective Jan. 1, 2013

New consumer protections for California homeowners are effective Jan. 1 2013. The California Homeowner Bill of Rights (CHBR), extends key mortgage and foreclosure protections to California homeowners and


Will drone eyes-in-the-sky fly over your neighborhood?

In February 2012, Congress passed legislation that will ultimately open U.S. skies to unmanned aircraft systems (UAVs) operated by both civilians and commercial organizations as soon as September


Consumer Financial Protection Bureau grabs regulatory reins of consumer reporting industry

The Consumer Financial Protection Bureau (CFPB) recently established the first federal program to supervise consumer reporting agencies, for good reason - the bureaus haven't always had your best


CFPB taps public input to put new, more transparent mortgage disclosures in the pipeline

One of the most daunting aspects of applying for a mortgage - understanding the complicated, overlapping and inconsistent mortgage disclosure documents - will soon become easier to endure. The


Forces gather to fight renewed war against credit, mortgage, housing discrimination

Following a round of recent fair housing complaints and mortgage discrimination charges, the Consumer Finance Protection Bureau (CFPB) has opened its own front to protect credit consumers from


Federal discrimination suit brews over REO marketing, upkeep

(Update: NFHA, on April 10, filed discrimination charges against Wells Fargo with the U.S. Department of Housing and Urban Development.) The same kind of discrimination that saddled minorities with

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