Though proponents to the settlement characterize it as little more than a slap on the wrist, big banks could soon be required to shell out some cash to homeowners affected by deceptive lending and foreclosing practices.
Entries Tagged as 'Mortgages'
Big Banks Getting Off Easy In Settlement on Illegal Foreclosures?
January 26th, 2012 · No Comments · Mortgages
Tags: Ally·bank of america·banks·Chase·Citi·Economy·Foreclosures·homeowners·Mortgages·Settlement·U.S.·Wells Fargo
$19 Billion Settlement In Works for Illegal ‘Robo-Signing’ Foreclosures
December 14th, 2011 · 1 Comment · Mortgages
Last year’s launch of the investigation into the “robo-signing” debacle is coming to a head.
Tags: attorneys general·banks·California·financial crisis·Great Recession·Massachusetts·New York·robo-signing·Settlement
Arizona Wants to Pay up to $50,000 in Loan Forgiveness per Home – Fannie, Freddie Object
October 11th, 2011 · No Comments · Mortgages
According to a New York Times article, Arizona is trying to fix its massive home foreclosure rate by helping to pay a portion of mortgage debt – but only if the banks will kick an equal share for principal reduction as well. The bank’s pay down of mortgage debt would be in the form of [...]
Tags: debt forgiveness·Fannie Mae·Freddie Mac·moral hazard·Mortgages·principal reductions·robo-signing
