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Judge rejects 'totally implausible' kickbacks accusation leveled by state vs mortgage reinsurer, lenders

Jonathan Bilyk Jun. 5, 2017, 6:16pm

Calling the allegations “totally implausible,” a Chicago federal judge has tossed a lawsuit brought by the state of Illinois against Bank of America and a mortgage insurance company, which had accused the lender and insurer of working in a scheme to maximize their own profits by dumping high default risk onto another mortgage insurer, leaving borrowers unaware their mortgage insurance premiums were higher than they should be.

North Riverside mayor laments ruling in fire, police pension case

Taryn Phaneuf Jan. 11, 2017, 1:00pm

The mayor of a small suburban community west of Chicago thinks the village was unfairly “singled out” for underfunding police and fire pensions in the years during the recession when revenue was low.