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21 Mar 2012, 6:15 am
Attorney for the District of South Carolina, Bank of America, JPMorgan Chase, Wells Fargo and CitiGroup. [read post]
25 Feb 2009, 8:32 am
Remember the old line, solid mortgage lenders like Countrywide, Chase and Bank of America? [read post]
6 Aug 2009, 11:18 am
According to the Times, Wells Fargo & Co. had modified just 6% of the eligible loans it holds and Bank of America Corp. had modified just 4%. [read post]
11 Nov 2008, 10:04 pm
Several large banking institutions, including Bank of America Corp., Citigroup Inc. and J.P. [read post]
4 May 2023, 6:27 am by David Priess
David Priess spoke at length with him about his previous work in the Justice Department's National Security Division, his current role working antitrust issues, the origins of his interest in private equity, the business model of private equity, its effect on industries from mortgages to nursing homes, private equity's link to the SolarWinds hack, foreign involvement in private equity, the impact of private equity on U.S. competitiveness, and more. [read post]
11 Oct 2011, 7:15 pm by Adam Levitin
The latest proposal for dealing with the mortgage crisis comes from The Way Forward by Daniel Alpert, Robert Hockett and Nouriel Roubini (AHR), a policy paper sponsored by the New America Foundation. [read post]
4 Feb 2011, 7:48 am by Big Tent Democrat
The destruction of America continues apace: A lot of the program is focused on ? [read post]
9 May 2012, 1:51 pm by Mandelman
NACA stands for the Neighborhood Assistance Corporation of America; a nonprofit that provides “Home Save Counselors” to assist homeowners trying to get their mortgages modified. [read post]
28 Mar 2017, 7:16 am by Alan White
The court also noted that Bank of America had repeatedly settled cases with federal and state regulators for hundreds of millions, and even billions, of dollars, in recognition of serious and repeated compliance failures, including some related directly to servicing home mortgages. [read post]
1 Nov 2012, 1:21 pm by Vladimir Gagic
A cram down means somebody reduces their mortgage on a home to the market value of the house. [read post]
25 May 2010, 10:12 am
When we went to sign up for our first mortgage in 1981, the interest rates being charged for a 30-year home loan were in the neighborhood of 16%. [read post]
21 Aug 2023, 9:42 am by The White Law Group
As the housing bubble burst and home values declined, a significant number of borrowers who had taken out subprime mortgages found themselves unable to meet their mortgage payments. [read post]
24 Mar 2010, 2:16 pm by David C. Winton
B of A is saying that this new strategy could apply to as many as 45,000 loans, including some of the “exotic time bombs” it inherited when it acquired Countrywide Home Loans last year. [read post]
24 Jul 2012, 10:43 pm by Mandelman
  Overall, I said that if mortgage servicers continued to treat America’s homeowners in financial distress as a result of the economic downturn, as “irresponsible borrowers,” essentially forcing them through the collections and foreclosure machine with inadequate systems related to loss mitigation, ultimately the people would push back en masse. [read post]
27 Mar 2013, 10:43 am by Katie Porter
Bank of America sent letters to over 100,000 homeowners stating that if the borrower literally did nothing that their second mortgage would be forgiven and released, and the debt reported to credit bureaus paid in full. [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]