Showing posts with label Foreclosure. Show all posts
Showing posts with label Foreclosure. Show all posts

Thursday, February 21, 2013

Big Banks Still Exploiting The Foreclosure Fraud Settlement

Big Banks Still Exploiting The Foreclosure Fraud Settlement: The banks involved in last year’s foreclosure abuse settlement are spending more money to get bad loans off of their books than they are on directly reducing the amount homeowners owe on their mortgages, according to a new report from the settlement’s overseer released Thursday. Five large banks reached a $25 billion settlement with the [...]/p

Thursday, February 14, 2013

California’s New Homeowner Protections Help Reduce Foreclosures By 62 Percent

California’s New Homeowner Protections Help Reduce Foreclosures By 62 Percent: There were fewer foreclosure filings in January than there have been in any month since April 2007, as foreclosures dropped 28 percent from the same month a year ago, according to data from RealtyTrac. And while the drop was significant across the country, no state contributed more to the decline than California, where legislators last [...]/p

Wednesday, February 6, 2013

Wonder Warren

Wonder Warren
"To help settle a probe into illegal mortgage practices, servicers were ordered to review all foreclosures between 2009 and 2010. The senator from Massachusetts thinks the public has a right to know what they found."

Thursday, January 31, 2013

Chris Christie Vetoes Help For Homeowners In State Plagued By Foreclosures

Chris Christie Vetoes Help For Homeowners In State Plagued By Foreclosures:  New Jersey is facing a twin crisis of foreclosures and lack of affordable housing, but Gov. Chris Christie (R) recently vetoed two bills that would have brightened the outlook for New Jersey residents [...]/p

Wednesday, August 29, 2012

Bank Of America Has Provided No Mortgage Principal Relief Under The Foreclosure Fraud Settlement

Bank Of America Has Provided No Mortgage Principal Relief Under The Foreclosure Fraud Settlement: The nation’s five biggest banks agreed to a $25 billion foreclosure fraud settlement back in February that required them to provide $17 billion of mortgage relief to troubled homeowners. However, one of the banks, Bank of America, is hardly holding up its end of the bargain. According to a new report, as of June 30, [...]/p

Thursday, August 16, 2012

Bank Of America Fails To Hold Up Its End Of Foreclosure Fraud Settlement

Bank Of America Fails To Hold Up Its End Of Foreclosure Fraud Settlement: When it comes to getting borrowers through foreclosure prevention programs, Bank of America has lagged the other large mortgage servicers in the country for years. Initially, the bank blamed its borrowers for the lack of success, before eventually acknowledging that its mortgage modification processes are wholly inadequate. According to a report today in Bloomberg News, [...]/p

Friday, July 27, 2012

Bank Of America Cancels Foreclosure Auction On Minnesota Home After Occupiers Take Action

Bank Of America Cancels Foreclosure Auction On Minnesota Home After Occupiers Take Action: Bank of America has decided to renegotiate the terms of a Minnesota homeowner’s mortgage just days before it was scheduled to be auctioned off following a week of action by activists with Occupy Our Homes MN and other groups. Ruby Brown began fighting the foreclosure more than five years ago. She found out last week [...]/p