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12 Feb 2012, 2:37 pm
There’s also $3 billion that’s supposed to be devoted to the refinancing of underwater but current mortgages, but this fund will only apply to mortgages owned by one of the five banks involved in the settlement… Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Bank/GMAC… and then, only to those current on their mortgage payments. [read post]
26 Nov 2008, 3:10 am
The Caribbean branch would then "lend" the American his own money held in Rotterdam.If the American were questioned by the Internal Revenue Service or other authorities about the source of his wealth, he could point to his loan from a respected international bank. [read post]
10 Oct 2010, 8:11 am
In addition to JPMorgan Chase, the list included Bank of America, Citibank, HSBC, PNC Bank, U.S. [read post]
18 Oct 2010, 8:00 am
Recent reports have raised the possibility that Ally Financial, formerly GMAC, JP Morgan Chase, Bank of America, PNC Bank and other lenders may have wrongfully foreclosed on homeowners in New York state due to the practice of "robo-signing" where lenders circumvent the appropriate and required due process for foreclosures. [read post]
29 May 2012, 9:07 am
Citigroup, Bank of America, and other firms have received Wells Notices, with many more likely to join them. [read post]
3 Jan 2011, 7:38 pm
The truth of the matter is that the federal government, through agencies like Fannie, Freddie, the Federal Home Loan Banks and the FDIC, have been calling the shots in the banking industry since the 1930s. [read post]
13 Sep 2009, 8:30 am
It seems that banks became greedy after realizing that simply making loans to consumers to buy a home or car was not enough. [read post]
31 Dec 2010, 10:22 pm
The company later received $4.6 million in additional financing from Home Valley Bank in February 2008. [read post]
31 Dec 2010, 10:22 pm
The company later received $4.6 million in additional financing from Home Valley Bank in February 2008. [read post]
1 Jul 2011, 12:52 am
” But, the bank didn’t provide any sort of schedule that should have listed the loan in question as being among the mortgages assigned in the trust agreement. [read post]
15 Apr 2007, 8:18 pm
The Neighborhood Assistance Corp. of America is planning to conduct protests and mock foreclosures at the homes of Wall Street and mortgage company executives -- demanding loan modifications for subprime borrowers who are facing foreclosure. [read post]
7 May 2011, 6:20 am
If we were to somehow just say that it was okay, and the bankers could just SAY which loans were in which trusts, do you think the investors will be okay with the banks picking out which loans they now own? [read post]
3 Oct 2011, 4:16 am
Okay… Don’t say I didn’t warn you… PennyMac’s business model is based on keeping people in their homes, so some consumer advocates offered compliments… and then they bowed past the knee and left the room without turning their backs on America’s royalty. [read post]
13 Dec 2008, 11:35 pm
Beating up Bank of America does not give them these things. [read post]
9 May 2007, 8:33 pm
"Massachusetts is setting the standard on how to address the subprime problem, and we're going to take it nationwide," said Bruce Marks, head of the Neighborhood Assistance Corp. of America, a non-profit community advocacy and home ownership organization based in Jamaica Plain, Mass [read post]
25 Apr 2011, 7:47 pm
Now, you have to understand that, at the time, I was devoting my weekends to driving around Southern California conducting on-camera interviews with homeowners who either had already saved their homes from foreclosure, or were in the process of trying to get their loans modified, and the reoccurring theme was coming across loud and clear: “We tried contacting our bank on our own for a year and got nowhere, so we hired a law firm or mortgage expert company for $3,000,… [read post]
1 Dec 2011, 1:06 pm
That seems to be the basis for many banks still insisting on full repayment of mortgages, even though many homes are now “underwater”, that is, worth substantially less than the principle remaining on the mortgage loan. [read post]
25 Sep 2011, 10:59 pm
The homeowner wanted a home loan, the bank made that loan, and the homeowner signed the promissory note and got the home or loan they wanted. [read post]
30 Jul 2009, 4:30 pm
Banks gave many loans in 2007 when the economy was still strong. [read post]
14 Jun 2010, 9:03 pm
The banks are finally going on trial over their handling of HAMP loan modifications. [read post]
