Wells Fargo is being accused of misleading homeowners who were seeking to lower their home payments in the aftermath of the mortgage crisis. A class-action lawsuit filed in White Plains federal bankruptcy court says the scandal-ridden bank mishandled loan modification trials it was required by law to entertain following the 2008 mortgage meltdown.
Attorney General Eric Holder and associate attorney general tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history – to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide.
Embrace Home Loans expands into Texas Embrace Home Loans Ranks #1 in Top customer satisfaction; senior Loan Officer Ranks Among Top 50 Loan Officers in the U.S. MIDDLETOWN, R.I.–(BUSINESS WIRE)-Embrace Home Loans, a prominent leader in the mortgage industry, announced today it has received the first-place award for the Top Mortgage Companies in Customer Satisfaction in the Large Division (200+ Loan Officers) by San Francisco.
Angelo Mozilo, former CEO of Countrywide Financial, has just agreed to pay .5 million sec fine. But the landmark 2008 settlement with Bank of America, which had acquired Countrywide that year.
Class Action Suit Against BofA For Deceptive Loan Mods Goes National. was set aside as part of TARP for home modifications to save the homeowner," Attorney. lawsuit filed against Bank of.
Short Sales Cost Lenders $310m More Than Necessary, CoreLogic Study Finds What to do with a reverse mortgage if you remarry. loan is so important that if the current lender balks, your pal should try other lenders.. short sale and the sales price was more than 20%.
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according.
"They’re participating in the crisis they had helped to foment by refusing to honor loan modifications they had already agreed to," said attorney James C. Sturdevant, whose firm. existing lawsuit.
Capstone Law APC – Bank of America Faces Class Action Over. – Capstone Law APC – A consumer banking deceptive practices class action lawsuit has been filed alleging that Bank of America (NYSE:BAC) created and headed an illegal enterprise designed to defraud homeowners seeking loan modifications as part of the government’s Home Affordable Modification Program, or "HAMP."
Bloomberg Politics – Bloomberg – Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything pertaining to politics
Stegman doubles down: White House will not recapitalize Fannie, Freddie HUD homes add to inventory-starved market A federal judge tossed out Quicken Loans’ lawsuit against the U.S. Department of Justice. segment of financing for the country’s housing market consisting of middle-class Americans and first-time.TrendingWallStreet.com Releases Market Alerts on VJET, FNMA, VPCO, and AEZS – The White House came out against a proposal by a group of hedge funds to take over and recapitalize the core operations of Fannie Mae and freddie mac. stockquote/fnma vapor Corp. (OTC:VPCO – News).
Active Loan Modification Scam Litigiation.. his law firm and a sham corporation called RewireMyLoan.com.. Fourteen homeowners from 10 states filed a lawsuit against a network of for-profit loan modification companies based in Orange County, California, as well as their owners and chief.
House extends national flood insurance program House Extends NFIP Through November 30 – scalise.house.gov – WASHINGTON, D.C.-House Majority Whip Steve Scalise (R-La.) released the following statement after the House passed an extension to the National Flood Insurance Program (NFIP) through November 30, the official end of the Atlantic Hurricane Season. "Families in Louisiana and all across the country rely on the National Flood Insurance Program year-round to ensure their homes are protected.
accountant named Joseph Lents was accused of securities law. bailout. bank of America faces $12.9 billion in buyback requests, and mortgage insurers have asked for the documents on an additional $9.