![]() Bloomberg | Banks See Paying Bonus to Troubled Homeowners Beats Foreclosure: Mortgages Bloomberg Owners of more than 14 million homes are in foreclosure, behind on their mortgages or owe more than their properties are worth, said RealtyTrac Inc., a property-data company in Irvine, California. Foreclosure Holdouts Short sales represented 9 percent ... Banks largely reserved for US mortgage pact cost Faulty Loans Top $72 Billion as Banks Seek Legal Deal: Mortgages Proposed settlement with banks over foreclosure practices dealt a setback |
![]() Christian Science Monitor | States With Highest Foreclosure Rates Among Bank Deal Holdouts BusinessWeek New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn, saying their use of a mortgage database known as MERS led to improper foreclosures. Schneiderman said the banks' use of the Mortgage Electronic Registration Systems ... More US states to join foreclosure-abuse deal Foreclosure deal close in several key states Washington among states not yet signing on to mortgage deal |
![]() Bloomberg | Plots & Ploys: Atlanta Tower Proves too Tall an Order Wall Street Journal The tallest building in Atlanta is now in the hands of a group of bond investors that foreclosed on its first mortgage. Bank of America Plaza, a 55-story skyscraper, on Tuesday was taken in a foreclosure auction by special servicer LNR Partners LLC, ... American Foreclosure Hits Bottom With Tower Auction in Atlanta: Mortgages American Foreclosure Bottoms at Atlanta Tower Auction: Mortgages Bank of America Plaza: why it's facing foreclosure today |
![]() Kansas City Star | Missouri files charges against mortgage processor CBS News Koster joins his counterparts in states such as Massachusetts, which has sued five major banks over deceptive foreclosure practices; Nevada, which recently sued Lender Processing Services, a DocX holding company based in Jacksonville, Fla.; ... Company Faces Forgery Charges in Mo. Foreclosures CSI Missouri: A "Robo-Signing" Indictment in the Show-Me State Closed Alpharetta company, founder indicted in robo-signing case |
![]() New York Times | Time for New Leadership at Fannie and Freddie: Obama Should Side With ... Huffington Post (blog) The CEOs of Bank of America and the other big banks know that underwater homeowners are more likely to default on their mortgages and that the endless flow of foreclosures will keep the housing market in the tank for years. But they've been happy to ... A Mortgage Tornado Warning, Unheeded US mortgage giant plans massive auction of foreclosure properties Foreclosure watch: A bombshell on mortgage fraud and Fannie Mae |
![]() Housing Wire | Vail Daily column: More on the Making Home Affordable Act Vail Daily News If you can't afford your mortgage and it's time to transition to more affordable housing, the Home Affordable Foreclosure Alternatives program may be just the ticket. HAFA provides two options for transitioning out of your mortgage: a short sale or a ... Loan Mods Outpace Foreclosure Sales Nationwide as 1.05 Million Are Completed ... Homeowners Struggle to Get Mortgage Relief Housing plan helps nearly 1 million homeowners |
Mortgage Accord, UBS, Gupta, Insider Trading, Finra: Compliance BusinessWeek 8 (Bloomberg) -- California, New York, Nevada, Florida and Massachusetts are among states that haven't signed a settlement with banks over foreclosure abuses, according to state officials and two people familiar with the talks. Mortgage Accord, UBS, Gupta, Insider 'Criminal Club', Finra: Compliance |
![]() Deseret News | Arizona leaning toward joining $25 billion foreclosure settlement Cronkite News The settlement, between state attorneys general and the nation's five largest mortgage lenders, could be worth as much as $25 billion from the banks if all 50 states sign on. Aimed at addressing abusive foreclosure practices, the settlement would ... Arizona close to joining foreclosure settlement deal with banks More US states join foreclosure abuse deal Arizona close to settling Bank of America mortgage-fraud suit |
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