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9 Mar 2013, 7:18 am
Hughes allegedly created a corporation in 2008, Mortgage Relief America, and then obtained personal information of 21 people, classifying them as employees. [read post]
28 Feb 2013, 2:34 am by Ben Vernia
Bank of America, et al. megabank Wells Fargo sought an order in the D.C. [read post]
22 Feb 2013, 11:19 am by Mark M. Campanella, Esq.
As many of you might recall, five of the nation’s largest banksBank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial – entered into a settlement agreement with the federal government and 49 state attorney generals in 2012 to resolve outstanding claims related to improper mortgage foreclosure practices. [read post]
19 Feb 2013, 12:07 pm by Larry Tolchinsky
The Big Banks here (i.e., Ally Financial (formerly GMAC); Bank of America; Citibank, JP Morgan Chase, Wells Fargo) aren’t helping people with underwater mortgages in loan modifications, nor are they jumping to modify mortgages for those in distressed circumstances that are asking for mortgage loan modifications. [read post]
18 Feb 2013, 4:00 am by Patrick McKenna
When America's National Debt passed the $1 trillion mark under Ronald Reagan, they worried. [read post]
16 Feb 2013, 8:45 am by Adam Levitin
 (Market:Book of 95%)  And Bank of America has a book value is $218 billion, but the market cap is only $129 billion. [read post]
11 Feb 2013, 9:33 am by D. Daxton White
According to Form 10-Q, Dividend Capital entered into a senior mortgage fixed rate amortizing loan in the amount of $185.0 million borrowed from Wells Fargo Bank on June 25, 2010. [read post]
5 Feb 2013, 10:45 am by Larry Tolchinsky
Sure, there are going to be stories of individuals who try to take advantage, like the Brazilian man named Andre Barbosa who recently failed in his attempt to gain legal title to a mansion in Boca Raton, Florida, based upon the Florida adverse possession statutes and the opportunity to occupy a property abandoned by the home owners and held by Bank of America. [read post]
5 Feb 2013, 8:15 am by Cathy Moran, Esq.
Hide the ball Hank Hildebrand added to the sense of gamesmanship in this area when he reported that it was only when Bank of America sued him in his capacity as trustee that he learned that BAC Home Loans is a fictitious business name of Bank of America, N.A. [read post]
24 Jan 2013, 11:16 am by Larry Tolchinsky
 Freddie Mac does not lend directly to people; instead, Freddie Mac tries to boost the mortgage industry in America by buying up home loans from lenders, under the idea that buying the mortgages from the bank frees the bank to go out and make new mortgages – getting more people into the American dream of home ownership. [read post]
22 Jan 2013, 7:06 am by Editorial Board
Pfaelzer of the United States District Court for the Central District of California dismissed a $193 million suit brought by mutual fund Asset Management Fund against several Bank of America and several related entities, including Merrill Lynch and Countrywide Financial. [read post]
18 Jan 2013, 1:31 am by Admin
A client borrowed several million dollars from Bank of America for his family business. [read post]
14 Jan 2013, 8:22 am by Editorial Board
Bank of America announced on January 7 that it would pay $3.6 billion to Federal National Mortgage Association (Fannie Mae) and repurchase for $6.75 billion certain residential mortgage loans sold to Fannie Mae. [read post]
14 Jan 2013, 8:18 am by Editorial Board
  It also granted the motion with respect to successor liability claims asserted against Bank of America. [read post]
14 Jan 2013, 2:04 am by Family Law
From the National Law Journal: Bank of America has agreed to pay $7,500 and update its employee training to settle a claim that it discriminated against a lesbian couple seeking a mortgage—the first such enforcement action by the Department of... [read post]
10 Jan 2013, 1:00 am by Victor Medina
“Reverse mortgages are becoming popular in America,” according to the Department of Housing and Urban Development. [read post]
9 Jan 2013, 6:47 pm by rhall@initiativelegal.com
Bank of America agreed to two settlements this week in connection with the home mortgage meltdown and Bank of America’s ill-fated acquisition of now-defunct mortgage lender Countrywide. [read post]