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4 Aug 2012, 9:40 am
(Similarly, Bank of America and Wells Fargo have also had to pay up for the exact same thing - $335 million and $175 million, respectively.) [read post]
2 Aug 2012, 2:31 am by tekEditor
spaceodissey/Flickr America is turning into a country of hand-wringers. [read post]
30 Jul 2012, 10:28 am by admin
  $17.0 billion will be in the form of credits for loan modification and foreclosure prevention activities for homeowners still in their homes [read post]
26 Jul 2012, 7:48 am by Karen K. Harris
America has long been experiencing a growing racial wealth gap, however, the 2008 recession and mortgage crisis widened the gap. [read post]
It is common knowledge that Home Affordable Mortgage Program (HAMP) is a failure, but do you know why? [read post]
24 Jul 2012, 10:43 pm by Mandelman
  Overall, I said that if mortgage servicers continued to treat America’s homeowners in financial distress as a result of the economic downturn, as “irresponsible borrowers,” essentially forcing them through the collections and foreclosure machine with inadequate systems related to loss mitigation, ultimately the people would push back en masse. [read post]
24 Jul 2012, 6:29 am by Josh Sturtevant
However, that was a reactionary move, made in response to the contemporary collapses of banks holding mortgage securities as well as the pressures of skipped payments and ultimately foreclosures. [read post]
23 Jul 2012, 8:54 am
But our Miami foreclosure attorneys know it was only a handful of years ago that a newly-minted fraud investigator for Countrywide (since acquired by Bank of America) had no idea when she launched an investigation into complaints of mortgage fraud that the problem would be so pervasive. [read post]
19 Jul 2012, 7:19 am by admin
  Add them together and apply normal home-buying mortgage terms (5.5%, 30 years) and between them the Romine-Hawkins’s could have afforded a $265,000 mortgage, had they known that the jobs they would obtain after college could have been obtained after high school. [read post]
17 Jul 2012, 1:14 pm
The settlement is not intended to fix every issue in the home mortgage industry and is directed at a specific subset. [read post]
16 Jul 2012, 10:49 am by Jennifer S. Taub
” There are many more banks under investigation, including Bank of America, Citibank and JP Morgan Chase. [read post]
16 Jul 2012, 8:30 am by Steven G. Pearl
Nevada alleges that Bank of America misled Nevada consumers about the terms and operation of its home mortgage modification and foreclosure processes, in violation of the Nevada Deceptive Trade Practices Act, Nev. [read post]
14 Jul 2012, 9:01 am
It's part of an enforcement action agreement, in which 14 mortgage servicers (Chase, Citibank, Bank of America, PNC Mortgage, Wells Fargo, MetLife Bank, HSBC and others) hired independent consultants to examine their alleged foreclosure abuses and they would in turn compensate anyone who suffered financial harm as a result of those abuses. [read post]
13 Jul 2012, 8:49 am by Robert Siegel
BofA’s About Face on Global Resolutions In previous posts, we highlighted our concerns related to Bank of America’s “repurchase” demands asserted against residential mortgage loan originators. [read post]