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4 Nov 2011, 8:52 am by Peter Huang
If you want to understand how the US financial system failed and how mortgage companies ripped off the poor, see this film. [read post]
4 Nov 2011, 1:42 am by Mandelman
Well, two pillars of transparency, the Financial Services Roundtable’s Housing Policy Council and the Hope Now Banking Alliance (okay, so the “banking” doesn’t really belong in their name, but it sort of does), held a conference call yesterday afternoon for Housing Counseling network partners and other not-for-profit organizations around the country and one of the housing counselors who participated in the call echoed my thoughts from last May, saying that… [read post]
2 Nov 2011, 1:25 pm
For instance, say a homeowner who lost several properties in foreclosure is being chased for $50,000 on a second mortgage. [read post]
30 Oct 2011, 6:25 am by Mandelman
If the bank refuses to come to terms, the client may file for bankruptcy. [read post]
28 Oct 2011, 5:57 am by Dave
  Dolphin had failed to keep the money in their bank account, so a breach of contract arose when it was distributed between Purdie and Bellwood. [read post]
28 Oct 2011, 5:57 am by Dave
  Dolphin had failed to keep the money in their bank account, so a breach of contract arose when it was distributed between Purdie and Bellwood. [read post]
25 Oct 2011, 7:49 am by admin
  I didn’t feel like chasing them, but I’ll feel like chasing you   Second, create a false textual inference by giving an immediately following quote that is not by the unnamed FHFA official referenced. [read post]
22 Oct 2011, 12:34 pm
Not long after bowing out of talks over a possible $25 billion dollar settlement between state and federal officials and the country’s largest banks (including Bank of America Corp, Citigroup, and JP Morgan Chase & Co.) [read post]
21 Oct 2011, 10:57 am
The banks are being targeted because they hold the mortgages for many clinics in the area. [read post]
20 Oct 2011, 5:48 am by Chris Jones
Morgan Chase, who last year agreed to pay $153 million. [read post]
18 Oct 2011, 4:28 pm by Mandelman
The lawsuit, which was filed on October 13, 2011, names as defendants: MERSCORP, INC. and Mortgage Electronic Registration System, Inc., but also names: Home Savings and Loan Inc., Bank of America Corp, CCO Mortgage Corp, Chase Home Mortgage Corp, Citimortgage Inc, Corelogic, Corinthian Mortgage Corp, Everhome Mortgage Corp, GMAC, Guaranty Bank, HSBC Bank, MGIC Investors Services, Nationwide Advantage Mortgage,… [read post]
17 Oct 2011, 6:00 am
  Some examples for commercial and/or residential lending in this category would be Wells Fargo, JPMorgan Chase or Bank of America. [read post]
15 Oct 2011, 4:43 am by Mandelman
  A few months later they would use the same type of zippy forecasts when conducting the bank stress tests. [read post]
14 Oct 2011, 11:03 pm by admin
Securitizing mortgage loans (which includes subprime mortgages) was a terrible idea, was largely unregulated, and screwed pretty much everyone and everything. [read post]
13 Oct 2011, 4:26 am by By ERIC DASH
JPMorgan Chase kicked off the banking industry's earnings season, reporting that profit fell 4 percent in the third quarter as a result of lingering mortgage troubles and weak investment banking results. [read post]
12 Oct 2011, 6:14 pm by eithurburn@getnicklaw.com
The federal government and multiple state governments are reportedly closer to reaching a settlement with the five largest banks who allegedly engaged in fraudulent mortgage lending practices. [read post]