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5 Mar 2012, 6:45 am by admin
Bank of America, Goldman Sachs, JPMorgan Chase, and Wells Fargo, who were all in the business of packaging and selling subprime mortgages, have been more or less covered with Teflon. [read post]
3 Mar 2012, 12:38 pm by Frank Pasquale
Incarcerations, home foreclosures, underwater mortgages, the number of people in poverty, and the public’s dissatisfaction with Congress are at record highs. [read post]
3 Mar 2012, 12:37 pm by Frank Pasquale
Incarcerations, home foreclosures, underwater mortgages, the number of people in poverty, and the public’s dissatisfaction with Congress are at record highs. [read post]
2 Mar 2012, 8:36 am by Kerry F. Cunningham
  In a statement released by HUD, the department charges that Bank of America imposed “unnecessary and burdensome requirements on borrowers who relied on disability income to qualify for their home loans and required some disabled borrowers to provide physician statements to qualify for home loans. [read post]
1 Mar 2012, 2:07 pm
This settlement, which came only a week after Bank of America settled claims of mortgage fraud for $1 billion, resulted from a whistleblower qui tam lawsuit brought by Sherry Hunt, a CitiMortgage employee, in the United States District Court for the Southern District of New York on August 5, 2011. [read post]
1 Mar 2012, 11:54 am by Alan S. Kaplinsky
Before joining our firm, Stan spent six years as Associate General Counsel with Bank of America and Countrywide Home Loans. [read post]
1 Mar 2012, 8:02 am by Mandelman
  The couple received a notice of intention to foreclose in May of 2008, and that notice included the name and address of the mortgage servicer, America’s Servicing Co., but it failed to include the name and address of the lender. [read post]
28 Feb 2012, 4:30 pm by Lovechilde
But America’s middle class is still hobbled by net job losses and shrinking wages and benefits. [read post]
28 Feb 2012, 10:57 am
If they have decided that the home is a liability because the homeowner is underwater on their mortgage, bankruptcy in Los Angeles can help a person get out from underneath their home as part of a strategic default. [read post]
27 Feb 2012, 6:10 pm by Adam Levitin
Pushing for removal is not how an AG makes nice with home court judges. [read post]
26 Feb 2012, 10:00 pm
However, in order to qualify, your mortgage must have been serviced by one of the five participating banks - Bank of America, Ally/GMAC, Wells Fargo, Citi, or JPMorgan Chase. [read post]
26 Feb 2012, 7:02 pm by Mandelman
  Couples appear before judges in courtrooms across the country hoping to wipe out their mortgage and walk away with a free house. [read post]
25 Feb 2012, 8:22 am by Robert Siegel
As The New York Times reported, of 48.5 million mortgages in the U.S., some 10.7 million are “underwater” (meaning the homes have a value less than their mortgage amounts), to an aggregate tune of some $699 billion of negative equity. [read post]
25 Feb 2012, 6:20 am by Nicole Vinson
At the federal level, CFA calls on the Federal Insurance Office to accumulate data similar to what is required of banks under the Home Mortgage Disclosure Act, allowing for detailed analyses of market stress and to assist in the formation of the interstate compacts. [read post]
24 Feb 2012, 8:32 am by Hopkins
Subpoenas have been sent to lenders including: JP Morgan Chase CitiMortgage Bank of America Citigroup Morgan Stanley Mortgage Capital Holdings Should the words “force place insurance” come out of your mortgage company representative’s mouth, ask questions. [read post]
24 Feb 2012, 8:32 am by Hopkins
Subpoenas have been sent to lenders including: JP Morgan Chase CitiMortgage Bank of America Citigroup Morgan Stanley Mortgage Capital Holdings Should the words “force place insurance” come out of your mortgage company representative’s mouth, ask questions. [read post]
23 Feb 2012, 5:15 am
Those companies include: America's Servicing Company, Aurora Loan Servicing, BAC Home Loans Servicing, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage; Countrywide, EMC, Everbank/Everhome Mortgage Company, Financial Freedom, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, U.S. [read post]
22 Feb 2012, 12:52 pm by Garth Snider
Turning again to This Time is Different, the book reminds us that the boom we experienced in America was powered by a liquidity bubble--a bubble that was destined to burst--and was fueled in large part by the sub-prime mortgage market. [read post]