Mortgage giants Fannie Mae and Freddie Mac have received an unwelcome Christmas present from California’s attorney general Kamala Harris – a lawsuit filing. The attorney general is demanding Fannie and Freddie respond to a total of fifty-one questions regarding foreclosures and other practices they have made in the state. According to a report from the
Muhammad Ali Sues Previous Owners Of His Home
October 17, 2011 by
Ex-World Heavyweight boxing champion Muhammad Ali, AKA “The Greatest”, is not at all pleased with his new Louisville, Kentucky, retirement home, and he is holding the former owner responsible for not disclosing a number of problems. Ali (probably the last person you’d want to be pissed at you), and his wife Lonnie Ali, are suing
Inland Empire Homeowners Sue Builders For Property Value Decline
September 25, 2011 by
A group of homeowners in California have revived a lawsuit in the federal courts, alleging that the value of their homes has dropped as a result of negligent actions by eight homebuilding companies. According to a report from Reuters, the homeowners, who live in California’s Inland Empire region, say that they purchased their newly-built homes
Rihanna Files Lawsuit Against Real Estate Company
September 14, 2011 by
Pop star and sex symbol Rihanna has launched a lawsuit against the real estate company which sold her Beverly Hills mansion to her, claiming the property has been left uninhabitable due to a number of serious structural defects. Rihanna accuses the agency, Prudential California Realty, of not disclosing the property’s defects before she agreed to
Federal Housing Finance Agency To Sue Big Banks Over Toxic Mortgages
September 3, 2011 by
The New York Times is reporting that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is planning to sue more than a dozen big banks for misrepresenting the quality of mortgages that were sold at the height of the housing boom. The suit alleges that the banks who packaged and sold
