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7 Jun 2012, 6:14 am
Under the terms of the landmark National Mortgage Settlement, (NMS) the 5 largest mortgage originators (GMAC, Bank of America, Citi, JP Morgan Chase and Wells Fargo) reached a $25 billion agreement with the US Attorney General, representing the Obama administration's latest response to the mortgage crisis. [read post]
25 Jul 2011, 10:00 am
National City Mortgage Company v. [read post]
9 Dec 2015, 9:32 am
The webinar is hosted by the American Banker and National Mortgage News. [read post]
17 Nov 2010, 4:01 pm
The four banks are the largest mortgage servicers in the country representing 56 percent of the nation’s $10.64 trillion mortgage industry. [read post]
18 Sep 2012, 7:38 am
This is often referred to as the "National Mortgage Settlement. [read post]
18 Jun 2013, 6:00 am
The Diversion Program, which began in 2008, was the first city-sponsored plan in the nation to facilitate face-to-face negotiations between mortgage lenders and borrowers in connection with troubled loans. [read post]
9 Aug 2013, 5:34 pm
These two government-backed firms back the majority of the nation’s mortgages. [read post]
21 Oct 2013, 8:21 am
The abstract describes the paper as: Taking “the measure of the national mortgage debt overhang problem as a cluster of local problems warranting local action. [read post]
19 Mar 2012, 6:00 am
You will find a great deal of information on the National Mortgage Settlement here. [read post]
29 Jan 2013, 8:33 am
But, as also reported in The Wall Street Journal article, thirty communities around the nation are still considering the use of eminent domain to acquire underwater mortgages. [read post]
15 Feb 2008, 7:04 am
To go to the home page of The D & O Diary's new website, click here.On January 22, 2008, National City Corporation, a Cleveland-based bank holding company, announced (here) a fourth quarter loss of $333 million, including a write-down of $181 million on its mortgage business and a $691 million provision for credit losses. [read post]
11 Sep 2013, 4:00 pm
Already, a lawsuit has been filed in the Northern District of California by trustees of mortgage bonds (Wells Fargo Bank, National Association, et. al v. [read post]
22 Sep 2011, 4:57 pm
In March, a dozen U.S. cities saw an increase in “serious mortgage delinquency rates. [read post]
11 May 2012, 4:00 am
On the heels of Director Cordray’s remarks about the CFPB’s focus on debt collection Deputy Director Raj Date spoke to mortgage industry members at MBA’s National Secondary Market Conference in New York City on May 7, 2012 and reminded the industry that “the place we’re spending most of our time is the mortgage market. [read post]
16 Mar 2014, 5:30 pm
In cities across the country, mortgage fraud crimes have reached crisis proportions," Attorney General Eric H. [read post]
24 Jun 2011, 1:22 pm
The offending company, Nations Mortgage Solutions, received up-front payments from homeowners in exchange for a promise to lower their monthly mortgage payments. [read post]
10 Jun 2014, 11:37 am
Jersey City ranks 32nd in the nation according to the report “Underwater America” completed by a team of urban planners and sociologists from numerous academic institutions. [read post]
10 Sep 2012, 6:44 am
National Mortgage Settlement This isn't a program so much as a requirement that the five biggest servicers provide billions in concessions to borrowers to atone for their misdeeds. [read post]
10 Sep 2012, 6:44 am
National Mortgage Settlement This isn't a program so much as a requirement that the five biggest servicers provide billions in concessions to borrowers to atone for their misdeeds. [read post]
10 Dec 2009, 1:04 am
Zack Zafer Dyab, 45, Golden Valley, Minnesota and Julia Alexander Rozhansky, 45, Minnetonka, Minnesota, were charged for allegedly orchestrating a mortgage fraud scheme in which they stole more than $2.5 million from lenders nationally by obtaining fraudulent loans for the purchase of 35 homes in the Twin Cities, Minnesota. [read post]
