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24 Jun 2014, 7:37 am by Kelly Tucker
  In many cases, property owners pay off their mortgages when selling their properties and moving to a new home. [read post]
24 Mar 2011, 9:14 am
Homeowners in DC, VA and MD seeking loan modifications to save the family home may see improvements in the currently messy process if a group of state attorney generals and federal officials are successful in on-going settlement talks with major US banks. [read post]
18 Feb 2009, 9:08 am
So I'm worried that that like investment bankers, institutional bankers still view themselves as Masters of the Universe who believe they know better than everyone, especially a pesky government.Obama referenced those "big banks that traded in risky mortgages that were too good to be true," banks that took advantage of home buyers and buyers who borrowed too much. [read post]
3 Jun 2015, 10:57 am by Greene LLP
First Horizon Home Loans Corporation is a subsidiary of First Tennessee Bank that participated in the FHA insurance program as a Direct Endorsement Lender (DEL) from January 2006 through October 2008. [read post]
24 Oct 2012, 11:08 am
Sues BofA Over Mortgage Sales, The Wall Street Journal, October 25, 2012 More Blog Posts: Ex-Bank of America Employee Pleads Guilty to Mortgage Fraud Scam Using Stolen Identities to Buy Homes Not For Sale, Institutional Investor Securities Blog, August 30, 2011 Bank of America to Pay $335M to Countrywide Financial Corp. [read post]
27 Aug 2013, 11:43 am
Provide evidence that ex-spouse is responsible for current mortgage: You can improve your ability to qualify for a new mortgage if you own a house and are currently on a mortgage with your ex-spouse but the divorce decree awards the home to your ex-spouse and he/she is willing to provide evidence that they make the mortgage payments on the home. [read post]
25 Jun 2013, 11:04 am by Larry Tolchinsky
15th Century rendering of David felling Goliath   Most Florida foreclosure dockets are filled with David and Goliath stories with a home owner fighting to save the family home from the mortgage lender. [read post]
22 Dec 2011, 6:20 am by Jaclyn Belczyk
[JURIST] The US Department of Justice (DOJ) [official website] announced Wednesday that Bank of America (BOA) [corporate website] has agreed to pay a record $335 million [press release] to settle claims that its subsidiary, Countrywide Financial, discriminated against Hispanic and African-American home buyers. [read post]
15 Aug 2014, 9:02 pm
b) If your mortgage lender or servicer is Bank of America, Chase Bank, CitiBank, GMAC/Ocwen, or Wells Fargo and it is either not allowing reaffirmations or using that as an excuse to not proceed with a refinancing or modification, contact the California Monitor for the National Mortgage Settlement. [read post]
15 Feb 2012, 4:33 am by Brian Wolfman
A couple days ago we told you about criticism of the mortgage fraud settlement between the states and five large banks that was brokered by the Obama Administration. [read post]
24 Mar 2008, 9:53 am
Bove anticipates that this loss provision would be established to cover possible future losses in Bank of America's subprime mortgage portfolio and home equity portfolio. [read post]
30 Aug 2011, 8:15 am
Venedie Roberto Valencia, 27, North Hollywood, California, who worked at Bank of America at the time of the offense, was sentenced to 15 months in federal prison for his role in a mortgage fraud scheme in which the schemers used stolen identities to "purchase" homes that were not for sale. [read post]
12 Jan 2012, 9:54 am
In general, mortgage servicers are allowed to take out insurance policies on homes when borrowers allow coverage to lapse. [read post]
31 Jan 2010, 4:08 pm by jefhenninger
A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers. [read post]
15 Oct 2010, 11:40 am by doug
On Friday, Bank of America became the first major US bank to suspend foreclosure sales in all 50 states after questions were raised about whether it and other banks had illegally seized homes without the proper documentation. [read post]
14 Aug 2014, 8:34 am by Scott Grabel
The defendants were alleged to have used fraudulent information for the purpose of obtaining mortgage loans from banks and lending institutions beginning in January of 2006, and continuing until December of 2008. [read post]