|
Foreclosure Deal Said to Offer $17 Billion in Mortgage Aid
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter describing the deal.
www.businessweek.com
Delaware joins nationwide mortgage foreclosure settlement
Delaware Attorney General Beau Biden announced that Delaware has joined a mortgage foreclosure settlement among the states, federal government and national mortgage banks.
www.newarkpostonline.com
Will mortgage settlement avoid repeating Obama's foreclosure failures?
According to the state attorneys general and the administration, a major selling point of the new settlement is that it won't repeat HAMP's mistakes. This deal, they say, is different.
www.syracuse.com
Pimco Says Foreclosure Deal Cheaper for Banks Than Pensions
The government’s deal with banks over their foreclosure practices after 16 months of investigations is cheap for the loan servicers while costly for bond investors including pension funds, according to Pacific Investment Management Co.’s Scott Simon.
www.businessweek.com
Pimco Says Foreclosure Deal Cheap for Banks, Costly for Pensions
The government’s deal with banks over their foreclosure practices after 16 months of investigations is cheap for the loan servicers while costly for bond investors including pension funds, according to Pacific Investment Management Co.’s Scott Simon.
www.businessweek.com
MCDANIEL JOINS SETTLEMENT OVER MORTGAGE FORECLOSURE ABUSES
LITTLE ROCK - Attorney General Dustin McDaniel announced today that Arkansas has joined other states and the federal government in a landmark multibillion dollar settlement with five of the nation's largest banks over allegations of fraud and abuse within the mortgage servicing industry. The agreement provides direct financial relief to Arkansas consumers at risk of losing their homes to forec...
ag.arkansas.gov
Foreclosure Stories: Persistence pays off in mortgage battle
After the loss of his job, Steve and his wife Michele fell behind on their mortgage payments in 2007. read more
www.sanduskyregister.com
Utah to get $171M in huge foreclosure deal
Utah to get $171M in huge foreclosure deal By Tom Harvey The Salt Lake Tribune Published Feb 10, 2012 07:15AM MDT Utah is receiving an estimated $171 million in money, reductions in mortgage principals and loan modifications as its portion of a sweeping $25 billion deal struck by 49 states and the federal government with five of the largest U.S. banks. Many Utah homeowners who lost their homes ...
www.sltrib.com
Foreclosure Deal to Be Announced After Big States Sign On
The U.S. Justice Department said it will announce the resolution of a 16-month nationwide probe of abusive foreclosure practices at banks including Citigroup Inc. and Wells Fargo & Co. after the collapse of the housing bubble.
www.businessweek.com
The Mortgage Settlement’s Missing Piece: Will Banks Now Follow The Law?
The country's banks agreed to change their behavior as part of the robo-mortgage settlement announced earlier this week. The announcement, however, leaves open a central question: Does the settlement include new, pre-defined penalties for banks that fail to uphold their new promises?
www.businessinsider.com
|
