Tag Archive

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, […]

NEW YORK LOSES FORECLOSURE PANEL POST FOR ‘UNDERMINING’ DEAL

Published on August 25, 2011 By admin

The following article is brought to you by ChaseHomeFinanceSucks.Com. New York Attorney General Eric Schneiderman was removed from a leadership role in negotiating a nationwide foreclosure settlement with U.S. banks because his office “actively worked to undermine” the effort, a state official said. Schneiderman, who doesn’t want a settlement to bar further investigations of mortgage […]

JPMorgan, BofA Said to Near Foreclosure Deal

Published on July 7, 2011 By admin

The following article is brought to you by Dawn Kopecki at Bloomberg.Com Bank of America Corp. JPMorgan Chase & Co. and three other U.S. mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed on the matter. Negotiators tentatively set a July 13 target for […]

Statewide task force looking into mortgage fraud

Published on May 25, 2011 By admin

The following article is brought to you by Andrew S. Ross at The San Francisco Chronicle. Note to the thousands of Bay Area and California homeowners who have fallen victim to mortgage fraudsters and foreclosure scammers: A statewide Mortgage Fraud Strike Force is on the case. Launched this week by California Attorney General Kamala Harris, […]

Banks to Pay Victims of Botched Foreclosures in Settlement With Regulators

Published on April 16, 2011 By admin

The following article is brought to you by Lorraine Woellert at Bloomberg.com. The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, the first of a set of sanctions regulators are seeking against the companies. The settlement announced today […]