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Mortgage Co. Targeted In News Report Hit With RICO Suit

Law 360

United Wholesale Mortgage LLC, its parent company and its CEO were hit with a proposed class action Tuesday in Michigan federal court accusing them of scheming with mortgage brokers to steer borrowers into more expensive loans the same day that Hunterbrook Media, a new journalism and hedge fund outfit, published its first investigative piece focused (..)

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Fannie Mae and Freddie Mac shareholders return to the court after Collins

SCOTUSBlog

This week, we highlight cert petitions that ask the court to consider, among other things, whether the federal government’s decision to essentially nationalize the country’s largest federal backed mortgage-securities companies in the wake of the Great Recession was an unconstitutional “taking” of private shareholders’ assets.

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