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9 Feb 2012, 8:00 pm
The $25 billion settlement reached announced today between the federal government and state attorneys general with the five largest mortgage service companies (Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. [read post]
9 Feb 2012, 4:23 pm
About one in five Americans with mortgages are underwater, which means they owe more than their home is worth. [read post]
9 Feb 2012, 2:06 pm
Today a national mortgage settlement was announced with five of the country’s biggest servicers: Ally (GMAC), Bank of America, Citi, Chase and Wells Fargo. [read post]
9 Feb 2012, 1:41 pm
Perrelli negotiated with a cadre of in-house and outside counsel representing five of the country’s largest financial institutions over allegations of abusive practices in the home mortgage servicing arena. [read post]
9 Feb 2012, 1:40 pm
Together with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the government hopes to help one million Americans by reducing their mortgage debt, or helping them to refinance. [read post]
9 Feb 2012, 8:51 am
/GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. [read post]
9 Feb 2012, 6:16 am
“The Defendants” This fantasy-drama follows a dozen Bank of America senior executives as they are forced to travel from courtroom to courtroom all over the country defending hundreds of lawsuits of all kinds. [read post]
9 Feb 2012, 5:53 am
It’s unclear how much money will be available for much needed mortgage principal reduction and loan modifications. [read post]
9 Feb 2012, 5:22 am
America Invents Act). [read post]
9 Feb 2012, 1:20 am
The settlement also resolves an investigation by the Eastern District of New York, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the Federal Housing Finance Agency-Office of the Inspector General (FHFA-OIG) into allegations that Bank of America defrauded the Home Affordable Modification Program. [read post]
8 Feb 2012, 7:56 am
At the same time, Romney’s tax plan would boost the incomes of America’s most wealthy citizens, who are already taking home an almost unprecedented share of that nation’s total income. [read post]
8 Feb 2012, 7:12 am
Rebuilding America: How States Can Save Millions of Homes Through Foreclosure Mediation calls on all states to adopt strong foreclosure mediation programs. [read post]
7 Feb 2012, 5:15 am
Bank of America began its program for its mortgage customers on January 17, and CitiMortgage and GMAC mortgage are also already accepting applications. [read post]
6 Feb 2012, 12:40 pm
The banks — led by the five biggest mortgage servicers, Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — want to settle an investigation into abuses set off in 2010 by evidence that they foreclosed on borrowers with only a cursory examination of the relevant documents, a practice known as robo-signing. [read post]
6 Feb 2012, 11:13 am
Let’s say for example you pay Bank of America, Citi Mortgage or some other lender. [read post]
6 Feb 2012, 9:58 am
If it is a home, the mortgage holder cannot come after you. [read post]
3 Feb 2012, 9:22 am
The lawsuit names JPMorgan Chase Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., as well as Virginia-based MERSCORP, Inc. and its subsidiary, Mortgage Electronic Registration Systems, Inc. [read post]
2 Feb 2012, 8:31 pm
So for example, a home owner with a $300,000 outstanding mortgage balance on a home worth only $200,000 could still qualify even though their LTV is 150%. [read post]
2 Feb 2012, 8:31 pm
So for example, a home owner with a $300,000 outstanding mortgage balance on a home worth only $200,000 could still qualify even though their LTV is 150%. [read post]
31 Jan 2012, 9:42 pm
In 2010, the number of home foreclosures in America increased by 35%. [read post]
