Legg Mason’s Miller bullish on subprime servicers like Nationstar Financial Stability director: SIFI designation is not "too big to fail" GE’s subprime lender WMC Mortgage files for Chapter 11 bankruptcy GSEs Look to Follow FHA’s Lead on Streamlined Refis Fed lays out rules for banks to rent REOs The Federal Reserve Board laid out on Monday how U.S. banks can apply to take five more years to comply.
NY AG Eric Schniederman announces that he will file a lawsuit against Wells Fargo and BofA.. Fatal Defect – Mortgage was NEVER assigned to Wells Fargo foreclosure denied aug. 11, 2010 CA: Gutierrez vs. Wells Fargo. There are MANY more lawsuits against Wells Fargo, but they do not appear here, because I REFUSE to spend hours just trying to.
The episode is far from the first foreclosure mishap BofA has dealt with in recent months, and not even the smallest dollar amount related to foreclosure threats. In June, BofA tried to foreclose on a man living in Massachusetts over a missed mortgage payment totaling $0.00.
New homes sales jump 11% in March House repossessions jump by 11% – BelfastTelegraph.co.uk – · House repossessions jump by 11% BelfastTelegraph.co.uk Latest figures have revealed an 11% jump in the numbers of families facing having their homes repossessed, a.
These actions follow the issuance of consent orders in April 2011 against Bank of America, Citibank, JPMorgan Chase, and Wells Fargo to correct deficient, unsafe and unsound mortgage servicing and foreclosure practices. Those enforcement actions required extensive fixes to mortgage servicing and foreclosure processes.
Note: Employees and family members residing with employees of Wells Fargo Bank, N.A., its affiliates or subsidiaries or Wachovia Corporation, its affiliates and subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or managed by Premiere Asset Services.
In Bank of America Corp. v. City of Miami and Wells Fargo & Co. v. City of Miami – consolidated for Supreme Court review – the supreme court considered whether or not a city government can sue alleged perpetrators of racial discrimination under the Fair Housing Act as an “aggrieved” person within the meaning of the statute.
MGIC writes $3.6B in primary new mortgage insurance Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P Fewer Vacant Homes In U.S., But 3 Out Of 4 Belong To. – But 3 Out Of 4 Belong To Investors. – so-called zombie foreclosures – it has also resulted in a corresponding rise in the number of vacant bank-owned homes." Nearly 1 in 7 bank-owned.Mortgage insurer reducing delinquencies, writing more insurance. BizTimes – Milwaukee Business News
May Join Suit Maine Attorney General. banks and mortgage-services companies over their foreclosure and loan-modification practices. Banks facing lawsuits include Bank of America Corp., Wells Fargo.
To be eligible for review, the mortgage that went into foreclosure must have been serviced by one of the following companies: America’s Servicing Co., Aurora Loan Services, BAC Home Loans Servicing,
Miami, Breyer wrote, cannot collect damages from Bank of America and Wells Fargo unless it can prove “some direct relation between the injury asserted and the injurious conduct alleged.”
Wells fargo home mortgage will submit supplemental affidavits in about 55,000 pending foreclosures in 23 judicial foreclosure states, saying final reviews of the documents and some aspects of the.
Michigan was among 49 states to join. of foreclosures and loan modifications nationwide. It was the largest consumer financial protection settlement in U.S. history, according to the Justice.
Nomura found liable for selling toxic mortgages to Fannie, Freddie A U.S. judge on Monday ruled that Nomura Holdings Inc made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. U.S. District Judge Denise Cote in Manhattan ruled for the Federal Housing Finance Agency, the conservator for Fannie