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12 Sep 2013, 12:58 pm
On August 7, Wells Fargo Bank, Deutsche Bank National Trust Company, and Deutsche Bank Trust Company Americas, "as trustees for hundreds of residential mortgage-backed securitization . . . trusts" filed a federal lawsuit in the Northern District of California against the City of Richmond and Mortgage Resolution Partners. [read post]
24 Dec 2009, 1:59 am
" The loan practices "eventually led to a vast amount of foreclosures and other problems, materially impacting the company's stability. [read post]
2 Oct 2013, 9:54 am
According to his plea agreement, Kessedjian operated two businesses – Amerilend and Targa Escrow – to help clients refinance home loans. [read post]
13 Nov 2008, 5:02 pm
Treasury now would make $50 billion available for lending to companies making credit card, automobile, and student loans. [read post]
Green Tree Servicing LLC Will Pay $63 Million to Settle FTC, CFPB Charges | Federal Trade Commission
30 May 2015, 1:01 pm
The company also will stop its alleged illegal practices, create a home preservation plan for some distressed homeowners, and take rigorous steps to ensure that it collects the correct amounts from consumers. *** Read FTC release here. [read post]
9 Jul 2014, 10:41 am
Instead, reverse mortgage companies are now threatening the heirs with foreclosure on the homes unless they pay in full. [read post]
7 Nov 2013, 4:02 pm
” “Although title insurers and lenders frequently bear the cost of fraud in the real estate market, they ultimately pass it on to home buyers in the form of higher premiums and loan rates,” said Director Elie Honig of the Division of Criminal Justice. [read post]
28 Mar 2020, 8:49 am
These loans require a disaster declaration from the federal government that includes your state. [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]
3 Dec 2008, 7:00 pm
" The company committed to doing so for "the term of the loans. [read post]
2 Oct 2013, 8:19 am
Simandle in Camden federal court. [read post]
20 Jan 2011, 11:27 am
The National Journal reports that the Federal Deposit Insurance Corp., (FDIC) has accused the banking and mortgage-lending industries of studied incompetence, saying that the nation's biggest mortgage-servicing companies helped turn the housing bust into a full-blown foreclosure crisis, "The biggest adversary has been inertia in the servicing and foreclosure practices applied to problem loans," Sheila Bair head of the FDIC said. [read post]
30 Aug 2011, 7:20 pm
Using the 1st Continental Mortgage Company in Florida, in 2009 and 2010, they allegedly processed 14 reverse mortgages and secured $2.5 million in reverse mortgage loans that the Federal Housing Administration had insured. [read post]
14 Aug 2006, 11:32 pm
., a Utah industrial loan company, by Florida-based NHB Holdings Inc. [read post]
1 Jul 2020, 8:52 am
Flood Insurance Requirements for Home Equity Loans, Lines of Credit, Subordinate Liens, and Other Security Interests in Collateral Located in an Special Flood Hazard Area XII. [read post]
12 Feb 2015, 12:36 pm
NewDay according to the Consent Order is a mortgage lender who is in the business of originating refinance home loans through a program where the VA guarantees a portion of home loans taken out by service members, veterans, and eligible surviving spouses. [read post]
19 Aug 2021, 8:42 am
When everything shut down last spring, the U.S. government introduced a program to put mortgage payments on pause for borrowers who have certain types of federally-backed loans (FHA, Fannie/Freddie, VA, USDA). [read post]
8 Dec 2011, 6:59 am
Smith, 42, Hopewell, who was employed at a company known as Platinum Mortgage to arrange for and broker loans for Deborah Kistner and Ennis. [read post]
12 Oct 2023, 9:14 am
“Lenders should not deny people the opportunity to take out a loan to buy a home, build their businesses or otherwise pursue their financial goals because of unlawful bias and without regard to their actual ability to repay,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. [read post]
12 Apr 2010, 12:43 pm
Installment loans like auto loans and student loans are ideal, but revolving credit accounts such as credit cards or home equity lines of credit can also be very helpful in rebuilding credit. [read post]
