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8 Dec 2011, 4:04 am
As part of the Government's criticism of these four banks - Bank of America, Wells Fargo, Ocwen, and JP Mortgage Chase - the Government began withholding financial incentives of up to $1,000 per modification. [read post]
8 Dec 2011, 12:01 am
Reuters: "A federal judge on Tuesday rejected Bank of America Corp's request to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank, over an alleged conflict of interest by one of the firm's partners. [read post]
7 Dec 2011, 10:15 pm
This is America. [read post]
7 Dec 2011, 10:15 pm
This is America. [read post]
7 Dec 2011, 8:12 am
[JURIST] Bank of America (BOA) [corporate website] agreed Monday to pay $315 million in a settlement of claims brought by investors alleging they were misled with respect to mortgage-backed investments. [read post]
7 Dec 2011, 7:29 am
Many of the least sophisticated borrowers in America have been hurt especially hard. [read post]
6 Dec 2011, 4:55 pm
(The offerings occurred before Bank of America bought Merrill.) [read post]
6 Dec 2011, 8:04 am
Many of the FBI’s criminal probes stemming from the crisis have gone nowhere, including investigations of AIG, mortgage lender Countrywide Financial (now part of Bank of America), Washington Mutual and Goldman. [read post]
6 Dec 2011, 6:37 am
Many of the FBI’s criminal probes stemming from the crisis have gone nowhere, including investigations of AIG, mortgage lender Countrywide Financial (now part of Bank of America), Washington Mutual and Goldman. [read post]
6 Dec 2011, 3:27 am
There is a lot of competition in the worst transaction category, including Bank of America’s purchase of Countrywide. [read post]
5 Dec 2011, 1:03 pm
The Department of Justice (DOJ) and the Illinois Attorney General sued Bank of America, alleging that the bank's recently acquired Countrywide Financial Unit offered mortgages to black consumers on less favorable terms than white consumers. [read post]
5 Dec 2011, 2:58 am
Patchy progress for North America The Canadian housing market has been a notable performer in the year to Q3 2011, with house prices in the six cities rising by 3.25% year-on-year, according to Teranet – National Bank Composite House Price Index. [read post]
3 Dec 2011, 9:56 am
Bankruptcy Court, Middle District of Florida, Tampa Division.Bankruptcy -- Dismissal -- Chapter 7 -- Abuse -- Considering totality of circumstances, granting relief to debtor would constitute substantial abuse of bankruptcy process as set forth in 11 U.S.C. section 707(b)(3) where debtor has sufficient disposable income to pay her unsecured creditors in full within sixty months -- Debtor is not entitled to Chapter 7 relief -- Deductions for voluntary 401(k) contributions and repayment of 401(k)… [read post]
2 Dec 2011, 4:46 pm
Related posts: Channel 13 Article: How Bank of America is deceiving Nevada homeowners LVRJ Article: Nevada attorney general sues BofA over trade practices Principles of principal: Should banks cut mortgages? [read post]
2 Dec 2011, 3:09 pm
Yesterday, December 1, Massachusetts Attorney General Martha Coakley filed a lawsuit against Bank of America, JPMorgan Chase, Wells Fargo, Citibank, Ally Financial and the Mortgage Electronic Registration System. [read post]
2 Dec 2011, 1:27 pm
” Yale likened the due diligence failures of firms that sold these private placements to the failures of large banks to perform due diligence on bad mortgage backed securities that led to the mortgage crisis. [read post]
2 Dec 2011, 1:18 pm
San Diego foreclosure lawyers have noted that new the lawsuit specifically names five major banks -- Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and GMAC -- as being guilty of using foreclosure practices that undermined the legal process and put homeowners at a disadvantage, to say the least. [read post]
2 Dec 2011, 10:44 am
Bank of America and other banks including Chase, Citigroup and Wells Fargo have been targeted by federal and state attorneys general investigators as the biggest violators of borrower's rights in the current mortgage crisis. [read post]
2 Dec 2011, 8:50 am
Bank of America CEO Brian Moynihan sneers at his critics, especially those who think you shouldn't foreclose on families without obtaining proof that you own their mortgage. [read post]
2 Dec 2011, 5:00 am
In late 2004, a year after buying the house, we refinanced our mortgage with World Savings Bank, which later ended up in the hands of Wells Fargo, using one of the pick-a-payment loans that let you choose your own payment each month. [read post]
