Tag Archive

Banks agree to change mortgage lending practices and offer financial settlement

Published on January 25, 2012 By admin

The following is brought to you by Examiner.Com Bank of America, JPMorgan Chase, Citibank, Wells Fargo, and Ally Financial- the five largest American mortgage lenders- have agreed to make significant changes to their industry practices. Multiple factors have been cited for the financial crisis that began in 2008 and led to millions of home foreclosures, […]

Big banks must show break-up plans under new rule

Published on January 22, 2012 By admin

The following is brought to you by FoxNews.Com WASHINGTON – The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. […]

Feds to help borrowers prove foreclosure errors

Published on December 19, 2011 By admin

The following post was originally posted on November 1, 2011. I called to have the paperwork for the Independent Foreclosure Review sent to me. I received the paperwork on December 15th, exactly 45-days after calling the number below. Chase Home Finance the servicer for Chase Bank refused to treat my family and hundreds of thousands […]

Feds to help borrowers prove foreclosure errors

Published on November 1, 2011 By admin

The following is brought to you by Steve Goldstein at MarketWatch.Com Some borrowers could get compensated if mistakes were made. Those who were foreclosed upon in 2009 and 2010 will be able to request an independent review to get compensated if errors were made, federal regulators said Tuesday. The reviews apply to 14 banks that […]

Baron & Budd, P.C. Investigating Alleged Mortgage Equity Accelerator Scams Perpetuated by JP Morgan Chase, Citibank

Published on September 1, 2011 By admin

The following is brought to you by BusinessWire.Com Scam Could Be Cheating California Homeowners Out Of Thousands The national law firm of Baron and Budd is investigating a possible mortgage scam known as the Equity Accelerator Program, a popular program offered by JP Morgan Chase, Citibank, Wells Fargo and numerous other banks and mortgage lenders. […]