mortgage News

Bank Told To Pay $3.2M For New Mexico Foreclosure Despite Insurance

A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man’s home after his death, even though he had a purchased an insurance policy through the bank that would have paid …

Utah Mortgage Company To Pay $13.2M in Settlement

A Utah mortgage company and two of its top officers will pay $13.2 million in refunds and fines in a settlement that puts an end to a lawsuit filed in July. The Salt Lake Tribune reported that Salt Lake City-based …

Lawmaker: Oklahoma Bill Would Help Homeowners with Insurance Claims

A bill filed in Oklahoma aims to help homeowners with insurance claim payments issued through mortgage companies. Legislation filed by Oklahoma state Rep. Charles Ortega would give mortgage companies no more than 10 days to release an insurance claims check …