Though nothing can erase the damage done by the housing crisis debacle instigated by big banks’ illegal robo-signing ways, a couple of new developments are making a dent.
Entries Tagged as 'Mortgages'
Big Banks Make Amends Via Settlement, Short Sales?
February 8th, 2012 · No Comments · Mortgages
Tags: arizona·big banks·California·foreclosure·Foreclosures·Mortgage·Mortgages·Nevada·New York·robo-signing·Settlement·Short Sale·short sales
Big Banks Getting Off Easy In Settlement on Illegal Foreclosures?
January 26th, 2012 · No Comments · Mortgages
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.
Tags: Ally·bank of america·banks·Chase·Citi·Economy·Foreclosures·homeowners·Mortgages·Settlement·U.S.·Wells Fargo
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
