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4 May 2012, 8:36 am by Ryan Blay
  Because they were exempted from the recent foreclosure settlement the Attorneys General reached with the biggest individual servicers (Chase, Bank of America, Wells Fargo, Citibank, and Ally/GMAC), many loans are still in crisis and these two semi-governmental bodies haven’t really addressed their role in helping our mortgage crisis. [read post]
2 May 2012, 2:54 pm
• The settlement covers home mortgages serviced by Bank of America, JPMorgan Chase & Co., Citigroup Inc., Ally Financial lnc. [read post]
30 Apr 2012, 6:15 am by Mandelman
  I also heard your speech announcing the settlement between state attorneys general and the five largest mortgage servicers, and you said we need to do more to help Americans losing homes due to no fault of their own… and how we “have each others’ backs” in this country. [read post]
27 Apr 2012, 12:26 pm by nflatow
Countrywide also steered borrowers of color into costly subprime mortgages when white borrowers with similar credit profiles received prime loans. [read post]
26 Apr 2012, 4:30 am
 This billion-dollar disbursement action was a result of Countrywide Home Loans, Inc. and its various affiliates’ (collectively, “Countrywide”) securitization transactions entered into between 2004 and 2008. [read post]
25 Apr 2012, 7:31 pm
Read the SEC's complaint (PDF) Ex-H&R Block Unit Agrees To Pay $28.2 Mln To Settle SEC Charges, The Wall Street Journal, April 24, 2012 More Blog Posts: Residential Mortgage-Backed Securities Working Group Brings Federal Investigators and State Law Enforcement Officials Together to Investigate How MBS Abuses Contributed to 2008 Financial Crisis, Institutional Investor Securities Blog, January 30, 2012 Federal Home Loan Banks Say Countrywide Financial Corp… [read post]
25 Apr 2012, 10:25 am by Mary E. Hodges
  Most of those penalties came from executives at collapsed mortgage lenders such Countrywide, American Home Mortgage Investment Corp. and New Century Financial Corp.; yet, their investors sustained losses of about $31 billion based on the three companies' peak stock-market value before the financial crisis began. [read post]
20 Apr 2012, 10:52 am by Francis M. Boyer, Esq.
Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners. [read post]
19 Apr 2012, 1:12 pm by WOLFGANG DEMINO
    Although Texas state courts have addressed whether a party may be a third-party beneficiary in the general insurance policy context, they have not addressed the specific issue of whether a homeowner-borrower qualifies as a third-party beneficiary under a force-placed insurance policy entered into between the insurance company and the mortgage company. [read post]
18 Apr 2012, 9:15 am by Mandelman
  It was a purely hypothetical scenario that I posed… not one I am suggesting exists in reality in the United States of America today. [read post]
18 Apr 2012, 7:42 am
In fact, Bank of America's mortgage loans in foreclosure topped $23 billion - not including the $90.6 billion in loans serviced for others. [read post]
16 Apr 2012, 10:17 am by admin
The settlement with the nation’s five largest mortgage servicers — Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc., and Ally Financial Inc. [read post]
13 Apr 2012, 1:26 pm by Philip R. Stein
Mortgage Backed Securities Related Lawsuits Bank of America recently told FNMA that it was unwilling to repurchase loans from it, and is also refusing to buy back loans from its other investors, giving rise to MBS-related lawsuits, for example. [read post]