Search for: "CITIGROUP MORTGAGE LOAN SERVICES"
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2 Apr 2012, 6:15 am
When GE purchased WMC in 2004, all that WMC did was “whole loan sales,” meaning that it would loan out money for mortgages, and then sell the loans to Wall Street investment banks, who would package and securitize those loans. [read post]
29 Mar 2012, 10:02 am
After extensive investigations and negotiation, 49 state attorney generals, in conjunction with the federal government, have finally reached an agreement with the five chief mortgage loan servicers in the U.S. [read post]
15 Mar 2012, 10:20 am
Citigroup said it would continue making FHA-insured loans "with the full support of HUD. [read post]
2 Mar 2012, 7:58 am
We continue to face increased public and regulatory scrutiny resulting from the financial crisis and economic downturn as well as alleged irregularities in servicing, foreclosure, consumer collections, mortgage loan modifications and other practices, lending volumes, compensation practices, our acquisitions of Countrywide and Merrill Lynch and the suitability or reasonableness of recommending particular trading or investment strategies Over at Goldman, the scrutiny was… [read post]
25 Feb 2012, 8:22 am
It’s official: The federal government, 49 of the 50 States (all but Oklahoma, the lone hold-out) and the country’s five leading bank mortgage servicers (none other than household names Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, and Ally Financial) announced a February 9, 2012 settlement with said banks regarding foreclosure misconduct and “robosigning” practices. [read post]
23 Feb 2012, 10:53 am
A $25 billion agreement with Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. was reached by the federal government and 49 state attorneys general to address mortgage loan servicing and foreclosure abuses. [read post]
22 Feb 2012, 9:55 pm
The mortgage servicers settled charges made by the federal government and 49 state attorneys for mortgage loan servicing and foreclosure abuses. [read post]
15 Feb 2012, 2:40 pm
LIBOR LIBOR is the principal global benchmark for short-term interest rates and used in relation to futures and options exchanges, loan agreements, such as mortgages, and consumer loans. [read post]
14 Feb 2012, 1:03 pm
The banks have also agreed to new servicing standards. [read post]
13 Feb 2012, 3:40 pm
LIBOR LIBOR is the principal global benchmark for short-term interest rates and used in relation to futures and options exchanges, loan agreements, such as mortgages, and consumer loans. [read post]
13 Feb 2012, 2:28 pm
The participating mortgage servicers include Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial. [read post]
9 Feb 2012, 8:00 pm
The $25 billion settlement reached announced today between the federal government and state attorneys general with the five largest mortgage service companies (Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. [read post]
9 Feb 2012, 4:23 pm
-Five mortgage servicers in the agreement — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — had already set aside most of the money. [read post]
9 Feb 2012, 1:41 pm
“Banks and mortgage servicers expect that homeowners will meet their obligations under a mortgage,” said Shaun Donovan, the U.S. [read post]
9 Feb 2012, 10:11 am
This agreement is the largest joint federal-state settlement ever obtained and includes mortgage servicers Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc.... [read post]
9 Feb 2012, 8:51 am
/GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. [read post]
6 Feb 2012, 12:40 pm
The banks — led by the five biggest mortgage servicers, Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — want to settle an investigation into abuses set off in 2010 by evidence that they foreclosed on borrowers with only a cursory examination of the relevant documents, a practice known as robo-signing. [read post]
5 Feb 2012, 10:44 am
This sets up the potential for conflicts of interest among mortgage service companies that are suppose to represent investors owning mortgage loans bundled into securities. [read post]
30 Jan 2012, 3:35 pm
— roughly 60 million loans. [read post]
16 Jan 2012, 12:05 am
In this and some of the other high profile credit crisis cases – Citigroup; the BofA/Merrill Lynch merger case; Bear Stearns; AIG – it will be very interesting to see how the likely settlements of these cases will unfold. [read post]
