Tag Archive

Federal Foreclosure Settlement A Disappointment

Published on April 28, 2013 By admin

The following article is brought to you by Lee Howard at TheDay.Com. New London – After going through “19 months of hell,” Christine Denoia had hoped for a large payment from a $9.3 billion federal compensation fund that penalized some of the nation’s largest financial institutions for abusive tactics such as wrongful evictions. Instead, when […]

John, Anna Canaday Claim JPMorgan Chase Called Them 75 Times A Week

Published on August 2, 2012 By admin

The following article is brought to you by James Sunshine at HuffingtonPost.Com. How many phone calls is too many? For one elderly couple, roughly 75 per week. JPMorgan Chase allegedly called John and Anna Canaday 15 to 75 times a week between 2009 and 2012, claiming they were at risk of losing their home to […]

What the foreclosure settlement means for you

Published on April 16, 2012 By admin

The following article by Les Christie at Money.CNN.Com. NEW YORK (CNNMoney) — The $26 billion foreclosure settlement has finally been given the green light, making it possible for roughly two million of the nation’s hardest hit borrowers to see a significant reduction in their mortgage payments. Agreed to between the nation’s five largest banks and […]

BofA Tests an Option to Foreclosure

Published on March 24, 2012 By admin

The following article is brought to you by Nick Timiraos of The Wall Street Journal. Lender Lets Owners Stay in Homes, Rent From the Bank Bank of America Corp. is launching a pilot program that will allow homeowners at risk of foreclosure to hand over deeds to their houses and sign leases that will let […]

Bank Officials Cited in Churn of Foreclosures

Published on March 21, 2012 By admin

The following article is brought to you by Nelson D. Schwartz at NYTimes.Com. Managers at major banks ignored widespread errors in theforeclosure process, in some cases instructing employees to adopt make-believe titles and speed documents through the system despite internal objections, according to a wide-ranging review by federal investigators. The banks have largely focused the […]