Tag Archives: bank foreclosure

After The Bank Foreclosure Deal, Now What?

The foreclosure market has been semi-frozen for the past year as banks negotiated with state and federal government to reach a deal over improper foreclosure paperwork processing. Now the banks have coughed up $26 billion to partially settle the claims … Continue reading

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Consumer Financial Protection Bureau Wants To Fix The Mortgage Servicing Market

It’s hard to argue that mortgage servicing does not need scrutiny, regulation and reform. There are numerous reports about banks charging homeowners unjustified and unneeded fees and other heinous things. Here’s more: Problems with bank foreclosure processing operations became public … Continue reading

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Republicans Don’t Trust The Mortgage Probe

The conventional wisdom is that the Obama administration is going to become more business-friendly as it seeks to reduce unemployment and to get the economy moving again. Well, I’m not seeing much business-friendly policy or regulation-relief coming out of 1600 … Continue reading

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Lender Sued For Mortgage Modification Promises

Arizona and Nevada Attorney Generals accuse Bank of America of engaging in misrepresenting its mortgage modification programs. According to the these two states, Bank of America promised borrowers they would not be foreclosed on if they worked their mortgage modification … Continue reading

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