Tag Archives: comptroller of the currency

Will Banks, Pols Reach A Settlement Over Robo-Signings?

There’s still no deal by the banks to settle claims against them for improper paperwork processing on mortgage foreclosures. There is a way now for those who believe they were wrongfully foreclosed on to state their case. All the biggest … Continue reading

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Are You A Victim Of Wrongful Mortgage Foreclosure?

I’m unaware of anybody who was making his mortgage payments every month as scheduled who was wrongfully foreclosed on by a lender. All the whiners are people who applied for a mortgage modification but stopped making their scheduled mortgage payments. … Continue reading

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Further Regulation On Mortgage Lending

Should banks have to determine whether or not people can repay their mortgage loans? That’s a requirement in the Dodd-Frank financial regulation bill. That sounds silly to me. Banks that make mortgage loans that are not repaid are soon going … Continue reading

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Bad Mortgages Hold Down Bank Stocks

As long as bank stocks are in the toilet, banks aren’t going to have much money to lend out. Currently, it is hard to sell bonds backed by mortgages. As long as this market remains small, the funds available for … Continue reading

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Senators Talk Tough On Mortgage Foreclosure Talks

There’s little downside for senators talking tough about the banks. Who doesn’t want to beat up on the banks? Bank stocks are in the toilet. Banks may need another bailout. But hey, there’s political capital to be made here blaming … Continue reading

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Let’s Blame The Banks For Getting Overwhelmed By Foreclosures

Mortgage lenders aka banks lose about $40,000 per home they foreclose on. Banks do not want to foreclose, but what alternative do they have when people don’t make mortgage payments? Overwhelmed by the high number of foreclosures, banks have been … Continue reading

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Mortgage Industry Braces For Tsunami Of New Regulations

President Barack Obama’s sweeping financial regulation bill had so many pages that I don’t think anyone who voted on it had read it. It’s like the president’s health bill. We don’t know how much it will shake up the economy, … Continue reading

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Fixing The Foreclosure Mess

Bankers can live with the new regulations and recommendations for how they handle foreclosures. It is not nearly as bad as initially expected. For a few weeks, it looked like the Obama administration was going to use this to shake … Continue reading

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Wanna Beat Up On The Banks For Their Foreclosure Practices?

The long investigation over bank foreclosure practices is coming to an end. Guess what? The banks aren’t perfect. Sometimes they are sloppy. Sometimes just inadequate. Sometimes incompetent. Sometimes they do horrible things. So do you want to fine them $20 … Continue reading

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How About Some Rules For Mortgage Risk?

Lobbyists must be raking in the big bucks as regulators thrash out arcane mortgage risk rules that will significantly affect the health of banks and subsequently reduce or increase the availability and price and terms of mortgages. Most experts agree … Continue reading

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