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JPMorgan Chase to pay $753M to foreclosure fund

Published on January 14, 2013 By admin

The following article is brought to you by BusinessWeek.Com. JPMorgan Chase & Co. will pay $753 million into a fund for wronged borrowers as part of a federal mortgage-abuse settlement, according to a regulatory document filed Wednesday. It is one several U.S. banks that agreed this week to pay $8.5 billion to settle charges that […]

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 […]

In 50-state foreclosure negotiations, dispute underlines basic questions

Published on August 31, 2011 By admin

The following is brought to you by Brady Dennis at WashingtonPost.Com. A recent and acrimonious dispute among state officials over a possible legal settlement to address nationwide mortgage abuses is underscoring basic questions about what the effort should accomplish. In settling claims against the largest banks related to “robo-signed” foreclosure documents and other flawed paperwork, […]

Banks Fight Mortgage Principal Reduction

Published on April 2, 2011 By admin

The following article is brought to you by Diana Olick at CNBC.COM At the end of a day-long negotiation session over the foreclosure paperwork mess at the Department of Justice, Iowa Attorney General Tom Miller and Associate Attorney General Thomas Perrelli came out for a brief chat with reporters. They essentially said nothing. Miller: “We […]

Foreclosure Defense Lawyers Gaining Ground

Published on December 21, 2010 By admin

The following article is brought to you by iNews Connect. Foreclosure Defense lawyers have made some major progress in their battle against the banks this year: 1. They have uncovered the ‘robo-signing’ of affidavits which are made to verify all the documents and facts in a case. 2. Fabricated and forged documents have been uncovered […]