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31 Aug 2012, 11:45 am
Here is more information on the historic National Mortgage Settlement with ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO: The settlement provides assistance for: Homeowners needing loan modifications now, including first and second lien principal reduction. [read post]
24 Aug 2012, 6:08 am
Ross determined which tips would be presented to the NTCC for cash reward approval and prepared the list of Crime Stoppers cash rewards that were to be paid each month and sent the lists to JP Morgan Chase Bank. [read post]
22 Aug 2012, 9:31 am
” The Administrator’s Interpretation stated, “a careful examination of the law as applied to the mortgage loan officers’ duties demonstrate that their primary duty is making sales and, therefore, mortgage loan officers perform the production work of their employers. [read post]
20 Aug 2012, 9:06 pm
Bank is trustee for mortgage holders, says loan servicers are responsible: “LA Files Big-Bucks Suit Against ‘Slumlord’ US Bank, Blames Lender for Condition of Foreclosed Homes” [ABA Journal] “Swiss Banks Face ‘Slow Death’ As Foreign Powers Chase Undeclared Assets” [Giles Broom, Bloomberg/Business Insider] “A comprehensive list of hyperinflations in history” [Steve Hanke/Nicholas Krus, PDF,… [read post]
19 Aug 2012, 5:40 pm
But they know that up front in most cases because there is a registered mortgage or lien on the property. [read post]
17 Aug 2012, 2:09 pm
The National Mortgage Settlement Agreement was entered into by only 5 mortgage loan servicers: Bank of America, Wells Fargo, JP Morgan Chase, Citibank, and Ally (aka GMAC). [read post]
17 Aug 2012, 11:10 am
The banks are refusing to work with their customers to modify loans or reduce the cost of the mortgage. [read post]
14 Aug 2012, 7:11 am
Consequently, big banks and the collection firms face very few challenges to their fraudulent filings. [read post]
13 Aug 2012, 12:45 pm
JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Ally Financial have been accused of misrepresenting the value of mortgage-backed bonds sold to Colonial Bank between 2005 and 2008. [read post]
12 Aug 2012, 7:46 pm
Wells, Chase, and U.S. [read post]
9 Aug 2012, 9:30 pm
The SEC dropped an investigation into Goldman Sachs Group Inc.'s role in selling mortgage-backed securities. [read post]
9 Aug 2012, 3:00 pm
The settlement involves country’s five largest loan servicers: ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO. [read post]
8 Aug 2012, 9:30 pm
Several major lenders, including JP Morgan Chase, Wells Fargo, and Bank of America are already participating in the HAMP PRA program. [read post]
1 Aug 2012, 5:51 am
And that is just scaring the heck out of all sorts of mortgage banking types… so, how can that be a bad thing? [read post]
30 Jul 2012, 10:28 am
Its use was – – intended to be under the control of the state attorneys general, who negotiated the settlement with the five banks — Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally. [read post]
24 Jul 2012, 11:49 am
JPMorgan Chase & Co., Citigroup Inc., Bank of America, HSBC and Deutsche Bank AG, are all reportedly in the crosshairs. [read post]
23 Jul 2012, 12:14 am
JP Morgan Chase participates in nine of the ten Libor panels. [read post]
18 Jul 2012, 8:29 pm
A month later, federal bank regulators closed down IndyMac Bank. [read post]
18 Jul 2012, 4:14 am
The bank, the second-largest in the United States after JPMorgan Chase, swung to a profit in the second quarters. [read post]
17 Jul 2012, 1:14 pm
The settlement is only with the following five banks: Bank of America, JPMorgan Chase, Citibank, Wells Fargo, and Ally Financial. [read post]
