Wells Fargo announced it will cut 68 positions at a Washington State loan collection call center. As borrowers pay off their loans, the company said that the number of delinquent accounts has decreased. “Unfortunately this wasn’t enough to address the smaller workload,” a Wells Fargo executive stated. View full post on All Stories
Posts Tagged ‘state’
Wells Trimming Servicing Staff
March 24th, 2011 
admin 
Posted in News 
Tags: borrowers, call, center, collection, delinquent accounts, Fargo, loan, loan collection, servicing, staff, state, Trimming, Washington, washington state loan, Wells, wells fargo 
Comments OffObama and state attorney generals push discriminatory bailouts at public expense
March 17th, 2011 admin Back before the election, intellectuals with ties to the Obama Administration proposed a trillion-dollar bailout for some (but not all) underwater mortgage borrowers, as a way to increase consumer spending.Last week, the Washington Post reported… Hans Bader March 16, 2011 View full post on All Stories
Posted in News Tags: Administration, Attorney, bader, Bailout, bailouts, consumer spending, discriminatory, election, expense, generals, Hans Bader, mortgage borrowers, Obama, post, public, push, state, washington post Comments OffObama Administration pushes new bailout at retirees’ expense
March 11th, 2011 admin The Obama Administration is now working with state attorney generals to rip off pension funds to bail out mortgage borrowers who don’t even need help. Pension funds that millions of Americans rely on for their retirement will suffer. Bank… Hans Bader March 10, 2011 View full post on All Stories
Posted in News Tags: Administration, Attorney, bader, Bailout, expense, Hans Bader, mortgage borrowers, Obama, pension, pension funds, pushes, retirees', retirement, state, state attorney generals Comments OffHorry County State Bank, regulators plan improvement process
February 19th, 2011 admin Horry County State Bank has to raise capital ratios, account for bad loans and evaluate its management and lending practices under a consent order the bank signed with federal and state regulators. “[The consent order is] not the kiss of death by a long shot,” said Jimmy Clarkson, the president and CEO of Horry County [...]
Posted in News Tags: Bank, capital ratios, consent, County, Horry, horry county state bank, improvement, Jimmy Clarkson, kiss of death, market collapse, plan, process, Regulators, state, state regulators 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 OffQueensland Debt Holders At Risk From Floods – Ratings Agencies
January 17th, 2011 admin SYDNEY -(Dow Jones)- The severe flooding that has devastated much of Queensland will hurt mortgage lenders and borrowers and damage state revenue, even if it won’t affect the state’s rating, View full post on All Stories
Lawmakers 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 OffWells Fargo modifying slew of loans in CA
December 22nd, 2010 admin Wells Fargo & Co. has agreed to modify some 14,900 adjustable-rate loans made by banks it acquired, according to filings released Monday by state prosecutors who said the mortgages were harmful to borrowers. View full post on All Stories
Posted in News Tags: adjustable rate loans, amp, borrowers, Fargo, modifying, Monday, News, slew, state, state prosecutors, View, Wells, wells fargo Comments Off
