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Delivering the keynote address last week at the Consumer Federation of America’s 2022 Consumer Assembly, CFPB Deputy Director Zixta Martinez indicated that the CFPB “is taking a close look” at “‘rent-a-bank’ schemes. [read post]
8 May 2011, 8:23 am
Senate Permanent Subcommittee on Investigations released a report detailing the incentive campaign which contributed to the downfall of America's sixth largest bank. [read post]
10 Oct 2011, 3:56 pm
Last week the inspector general of the Federal Housing Finance Agency said that Freddie Mac had not pursued Bank of America aggressively for compensation for bad loans, despite warnings from a senior staff member. [read post]
21 Aug 2012, 9:55 am
Bank of America's plan, meanwhile, does involve homes that it actually owns. [read post]
12 Oct 2010, 8:35 am
" Among the claims are that banks have failed to respond to efforts by homeowners to seek loan modifications or other relief. [read post]
2 May 2010, 8:48 am by malik11397
As we know, most of the homes in Nevada has a second loan which are called junior liens in legal language and they are subordinate to the first loan. [read post]
29 Dec 2011, 4:53 pm
This post reviews the Department of Justice investigation into the lending practices of the nation's largest residential loan originator, Bank of America's Countrywide. [read post]
9 Aug 2011, 8:12 am
The seven companies served with a Notice of Violation are: Dunwell Financial Services, LLC - Jersey City Home Mitigation Group - Matawan Loss Mitigation Consultant Services - Paulsboro Rose MM, LLC - Newark Save Americas Mortgages Corp. - Fort Lee TWI Corp. - Winter Garden, Fla. [read post]
23 May 2012, 9:54 am
Ocwen Loan Servicing, as well as Bank of America, Wells Fargo, Chase and GMAC, have reduced some $5 million in mortgage balances in South Florida over just the last two months, according to the Sun-Sentinel. [read post]
23 Aug 2010, 11:22 pm by Money Maven
Of the more than half a million modifications performed by Bank of America since 2008, only 11 percent were qualified for Making Home Affordable. [read post]
4 May 2011, 5:46 pm
This week's negotiations are expected to include the attorneys general, HUD and Justice officials and representatives of various banks, including Bank of America and Wells Fargo. [read post]
17 Aug 2012, 8:54 am
Two major banks - Citigroup and Bank of America - have been using this program, and some of the practices have come under fire. [read post]
18 Nov 2009, 6:25 am by Tom Higgins
Bank of America and Chase Bank will be present to help with loan modifications. [read post]
11 Aug 2017, 3:00 am by Biglaw Investor
Bank of America started it but since then many other banks have begun to offer the doctor mortgage as well. [read post]
11 May 2010, 10:02 am by blacklobellolaw
Local news station, Channel 13 Action News, investigates Bank of America, the largest home mortgage lender in Nevada. [read post]
7 Feb 2011, 7:09 am by Alan White
  The rate of modification failure is directly related to the size of the bank servicing the mortgage: Bank of America – 33% Wells Fargo – 29% American Home Mortgage – 26% Ocwen – 24% GMAC Mortgage – 23% JPMorgan Chase – 22% CitiMortgage – 20% Litton Loan Servicing – 20% Another bit of evidence suggesting that BofA should be relieved of the onerous job of servicing defaulted mortgages. [read post]