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12 Oct 2011, 7:24 am by admin
Morgan Chase & Co., “may obtain a deficiency” judgment in foreclosure cases but will “often waive” the leftover debt when a homeowner agrees to a so-called short sale of a house for less than is owed on it, a bank spokesman says. [read post]
10 Oct 2011, 3:56 pm
Sharon Wells, a retired real estate agent who lives on Social Security, said the modification by Chase Bank of her Fannie Mae mortgage led to an increase in the principal rather than a reduction, even though she already owed about 30 percent more than her home was worth. [read post]
9 Oct 2011, 6:13 am
If you are currently facing a Florida Foreclosure Lawsuit or are simply having difficulty paying a mortgage, contact [read post]
5 Oct 2011, 1:31 am
Michael Wilkerson, Joyce Wilkerson, Lee Garell, and Denise Haines were charged with engaging in a scheme to defraud JP Morgan Chase's predecessor, Chase Manhattan Bank, by fraudulently obtaining home loans valued at more than $6 million for properties located in Schwenksville and Glenmoore, Montgomery County, Penn. [read post]
4 Oct 2011, 3:18 pm
Other companies named as defendants include CitiMortgage, Washington Mutual Bank, PNC Bank (which acquired National City Mortgage), Countrywide Home Loans, Mortgage Investors, First Tennessee Bank (which acquired First Horizon Home Loan), Irwin Mortgage and New Freedom Mortgage. [read post]
4 Oct 2011, 2:22 pm
The case stems from the government’s MBS lawsuit against JPMorgan Chase, which acquired nearly all of WaMu’s banking assets and liabilities a few years ago. [read post]
3 Oct 2011, 5:00 pm by Jean Braucher
Deutsche Bank did not appear on the DOT (only Saxon Mortgage did). [read post]
3 Oct 2011, 2:24 pm by Mandelman
 And Mark Zanides and Kenneth Gertz are formidable opponents, even for Bank of America or JPMorgan Chase. [read post]
2 Oct 2011, 6:13 am
This is why when we sue Fannie Mae and mortgage servicers such as Wells Fargo, Chase, Bank of America (BAC), etc. we can be confident that the evidence will reveal abuse that is consistent with what our clients have alleged. [read post]
30 Sep 2011, 2:10 pm by McNabb Associates, P.C.
The indictment alleges that Haines, a mortgage broker with American Group Mortgage Corporation, submitted fraudulent loan applications in the transactions to Chase Manhattan Bank. [read post]
29 Sep 2011, 5:53 pm by Glenn
Bank of America, which has been rocked by large losses on its mortgage portfolio, said it has more than 58 million banking relationships with consumers and small businesses. [read post]
23 Sep 2011, 6:21 pm by Mandelman
Didn’t everything come to a head in late September of 2008 when Wall Street’s investment banks, our largest commercial banks, and the likes of AIG, all were shown to be insolvent? [read post]
23 Sep 2011, 7:06 am by Frank Pasquale
The reviewer, Eric Laursen, connects Harcourt’s work to current controversies over banking regulation: Last December, Wall Street’s leading banks were fighting tooth-and-nail to keep federal regulators from setting rules governing the vast market in financial derivatives contracts – the market that helped turn the 2008 mortgage-backed securities meltdown into a global catastrophe. . . . [read post]
23 Sep 2011, 7:06 am by Frank Pasquale
The reviewer, Eric Laursen, connects Harcourt's work to current controversies over banking regulation: Last December, Wall Street's leading banks were fighting tooth-and-nail to keep federal regulators from setting rules governing the vast market in financial derivatives contracts – the market that helped turn the 2008 mortgage-backed securities meltdown into a global catastrophe. . . . [read post]
19 Sep 2011, 9:48 am by guest-writer
(including Bank of America, Wells Fargo, Chase, Fannie Mae and Freddie Mac) have yet to change their scoring techniques. [read post]
9 Sep 2011, 11:54 am by admin
The Federal Deposit Insurance Corporation will have to defend a $10 billion suit over mortgage-backed securities originated by the now-failed Washington Mutual Bank, the U.S. [read post]