Tag Archive

JPMorgan, BofA Sued By Massachusetts Over Foreclosures

Published on December 1, 2011 By admin

The following article is brought to you by BusinessWeek.Com. JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. were among five banks sued by Massachusetts for allegedly conducting unlawful foreclosures and deceiving homeowners. Massachusetts Attorney General Martha Coakley filed the lawsuit today against the three banks, as well as Wells Fargo & Co. […]

Abandoned Home Shows Effects of Predatory Lending

Published on October 4, 2011 By admin

The following is brought to you by James & Bridget O’Shea at ChicagoNewsCoop.Org In November 2004, Wanda Carter bought a home at 6548 South Morgan Street on the South Side and thought she got a good deal. A bank lent her $142,000, which covered the sale price and loan fees, and provided $20,000 to fix […]

Mortgage Debacle Costs Banks $66 Billion as Suits Sap Profit

Published on September 17, 2011 By admin

The following article is brought to you by James Sterngold at BusinessWeek.Com. Faulty mortgages and foreclosure abuses have cost the nation’s five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industry wide total to twice that amount. Bank of America Corp., the largest […]

New York Councilman Storms Chase Bank To Protest Foreclosures

Published on February 25, 2011 By admin

The following article and video is brought to you by Laura Bassett at Huffington Post. Not the Way Forward: Jumaane Williams from New York Communities for Change on Vimeo. Washington– Flanked by a crowd of fellow protesters, New York City Councilman Jumaane Williams marched into a Park Avenue Chase bank Wednesday morning to take out […]

Mortgage Modifications Aren’t Stopping Foreclosures

Published on November 11, 2010 By admin

The following article is brought to you by Kathleen M. Howley, Dakin Campbell and Danielle Kucera at Bloomberg Businessweek. Programs designed to keep owners in their homes are being upended by lost paperwork and procedural errors Jill Gray of Mesquite, Tex., says her 3-year-old son, Anthony, often tells her before he goes to bed: “I […]