The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis View full post on All Stories
Posts Tagged ‘foreclosure’
US banks in ‘cash for keys’ foreclosure talks
March 25th, 2011 
admin 
Posted in News 
Tags: Banks, cash, delinquent borrowers, foreclosure, keys', meeting, mortgage, mortgage servicers, part, Regulators, settlement, talks, US, week 
Comments OffSettlement would offer significant new protections for homeowners
March 20th, 2011 admin By Kenneth R. Harney, Special to the Times Thursday, March 17, 2011 Settlement would offer significant new protections for homeowners WASHINGTON — When you take out a home mortgage, do you expect to be treated fairly and competently by your bank or loan servicer? Most likely you do. But the widely publicized “robo-signing” and foreclosure [...]
Posted in News Tags: congressional hearings, dual track, fair dealing, foreclosure, Homeowners, Kenneth R. Harney, loan, mortgage, offer, payment histories, protections, settlement, significant, Thursday, Times, track 13, Washington, Would Comments OffBanks, borrowers face off in unique court
March 10th, 2011 admin Two Orange County judges are trying to force homeowners in default on loans and their lenders to come to terms, and to keep a flood of foreclosure-related legal challenges from turning into protracted, expensive, time-consuming — and … View full post on All Stories
Posted in News Tags: Banks, borrowers, Court, default, face, flood, foreclosure, legal challenges, lenders, Orange County, orange county judges, post, Stories, time consuming, unique, View Comments OffOfficials: Banks to be sanctioned
February 18th, 2011 admin WASHINGTON – Major U.S. banks are about to get penalized for “critical deficiencies” and shortcomings in how they handled foreclosures, a top federal regulator said Thursday at a Senate Banking Committee hearing examining the Dodd-Frank Act six months after its congressional approval. “These deficiencies have resulted in violations of state and local foreclosure laws, regulations [...]
Posted in News Tags: Bank, Banking, Banks, Comptroller, comptroller of the currency, critical deficiencies, Currency, federal deposit insurance, foreclosure, Frank Act, John Walsh, jpmorgan chase, Major U.S, Officials, sanctioned, senate banking committee, U.S., Walsh, Washington, Wells Comments OffTwo former Countrywide executives settle California lawsuit for $6.5 million
February 3rd, 2011 admin Former Chief Executive Angelo R. Mozilo and former President David Sambol were accused of predatory lending. The state will use most of the money to create a foreclosure relief fund. California has reached a $6.5-million settlement with two former Countrywide Financial Corp. executives that the state had accused of predatory lending. Most of the money [...]
Posted in News Tags: $6.5, California, Chief Executive Angelo R, Countrywide, countrywide financial, countrywide financial corp, david sambol, executives, foreclosure, foreclosure relief, former, fund california, Gen. Kamala D, Lawsuit, lending, million, money, predatory, President David Sambol, settle, state Comments OffNew foreclosure cases in California fall sharply in fourth quarter
January 26th, 2011 admin A total of 69,799 notices of default were filed in the state in the fourth quarter of 2010, down 17.5% from a year earlier. Actual losses of home to foreclosure fell 30.6% from the fourth quarter of 2009. A new report shows the number of California homes entering foreclosure fell sharply in the fourth quarter [...]
Posted in News Tags: borrowers, California, cases, default, Fall, foreclosure, fourth, fourth quarter, quarter, Regulators, scrutiny, sharply, state, total Comments OffLawmakers consider slowing Virginia foreclosure process
January 15th, 2011 admin As Virginia’s new legislative session gets under way, lawmakers are considering an overhaul of the state’s foreclosure process aimed at combating shortcuts and alleged abuses by lenders seizing borrowers’ homes. View full post on All Stories
Foreclosure scandal a help for investors
January 14th, 2011 admin cussing potential mortgage servicing legislation, and as the group of 50 state attorneys general investigating problems with foreclosures continues to work on the details of a settlement with the banks, the investors find themselves aligned with borrowers who are facing foreclosure and who have the sympathy of lawmakers. View full post on All Stories
Posted in News Tags: borrowers, facing foreclosure, foreclosure, foreclosures, Group, Help, Investors, lawmakers, legislation, mortgage, Scandal, servicing, state, state attorneys Comments OffStates Try to Force Mortgage Workouts
December 31st, 2010 admin A few states are forcing banks to sit down with borrowers facing foreclosure and attempt to hammer out a settlement face to face rather than going to court. View full post on All Stories
Posted in News Tags: attempt, Banks, borrowers, face, facing foreclosure, Force, foreclosure, going to court, mortgage, settlement, states, View, Workouts Comments OffSecond Mortgages Trip Up Short Sales
November 27th, 2010 admin Real-estate agents, lenders and federal policy makers have pointed to short sales as one way to revive moribund housing markets while helping troubled borrowers avoid foreclosure. But second mortgages are tripping up many short-sale efforts. View full post on All Stories
Posted in News Tags: borrowers, foreclosure, housing, lenders, mortgages, policy, real estate agents, Real-estate, sales, Second, second mortgages, Short, Trip, way Comments Off
