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31 Mar 2011, 5:00 am
We are discussing the "ordinary business" exclusion in Rule 14a-8 in the context of the staff's recent decision not to permit Citigroup and Bank of America to exclude proposals that requested reports connected to the current mortgage foreclosure crisis. [read post]
30 Nov 2010, 8:35 pm
Mortgage-operations officials from several of the biggest U.S. banks also testified. [read post]
4 Mar 2010, 5:35 pm
Sixteen months after their last mortgage payment, they are still arguing with Bank of America, which bought Countrywide, for a loan modification. [read post]
17 Nov 2010, 9:45 pm
The state officials have been focusing on the three largest servicers – Bank of America, J.P. [read post]
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]
12 Dec 2010, 12:51 pm
Some employees at major banks have even testified in court that they signed, and sometimes even backdated, thousands of documents that authorized home seizures. $6.4 trillion in mortgages is involved and some of the larger banks-JPMorgan Chase, Bank of America, and Ally Financial Inc.'s GMAC Mortgage- have paused foreclosing on homes due to the sloppy and incorrect documentation. [read post]
12 Dec 2010, 12:51 pm
Some employees at major banks have even testified in court that they signed, and sometimes even backdated, thousands of documents that authorized home seizures. $6.4 trillion in mortgages is involved and some of the larger banks-JPMorgan Chase, Bank of America, and Ally Financial Inc.'s GMAC Mortgage- have paused foreclosing on homes due to the sloppy and incorrect documentation. [read post]
8 Nov 2010, 5:53 am
Mims had originally taken out the mortgage from Lend America, a defunct company that has been implicated in defrauding the FHA. [read post]
11 Oct 2010, 6:42 am
” Related posts:Bank of America Delays Foreclosures in 23 States Ally’s GMAC Mortgage Halts Home Evictions in 23 States Senate Shockingly Passes Bill That Could Bail The Banks Out Of Foreclosure-Gate [read post]
29 Nov 2009, 5:13 am
This helps answer that question of why do mortgage companies not care if my home goes into foreclosure and is sold for less than the loan - because the mortgage companies generally don't own the debt so they don't care - all they care about are their junk fees and bogus expenses they can charge. [read post]
21 Mar 2012, 6:14 am
Bank of America, Wells Fargo, Citigroup, Ally, and JP Morgan Chase were among the five that settled with the Federal Government for mortgage fraud and abuse. [read post]
27 Nov 2012, 8:10 pm
Hope that a meaningful recovery is just around the corner or that a bounce in home prices will restore their solvency causes many homeowners to continue to make payments against their mortgage. [read post]
15 Sep 2008, 12:30 pm
" But that's where I'm finding some of the best day-to-day coverage of the credit crisis, the mortgage meltdown, etc. [read post]
25 Aug 2011, 9:08 am
It’s projected that a staggering 48 percent of homes with mortgages could be underwater – worth less than the mortgage – by the end of the year. [read post]
25 Aug 2016, 5:00 am
Countrywide Ex-Countrywide Executive Rebecca Mairone Defends ‘Hustle’ Mortgage Program by Shayndi Raice Bank of America Tipster Gets to Keep His Reward U.S. [read post]
11 Oct 2010, 7:58 am
You'd have to be living under a rock not to know that a foreclosure crisis is rocking the nation, with Bank of America recently stopping the sale of foreclosed homes in all 50 states, pending a large scale document review amidst accusations of mishandled paperwork.In Florida, former paralegal Tammie Lou Kapusta was under sworn oath when she told investigators for the Florida Attorney General's office that employees of her former employer, the Law Offices of David J. [read post]
8 Oct 2008, 2:16 pm
I would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes -- at the diminished value of those homes and let people be able to make those -- be able to make those payments and stay in their homes. [read post]
12 Oct 2010, 9:46 am
Banks can continue foreclosing on homes that have disputed mortgages because they won’t be held up by the extra litigation. [read post]
18 Aug 2011, 2:34 am
And while house prices continue their slide, four out of five new mortgages require at least a 20 percent down payment, putting home ownership out of the reach of most Americans. [read post]
10 Dec 2009, 6:20 pm
 That will make the total roughly 20 million homes lost in this catastrophic recession. [read post]
