EL PASO (Source: KTSM By Stephania Jimene) – Earlier this month, we told you about an El Paso woman, who claims she was told by her bank, that she’d qualify for a home loan modification, but was still denied, years [...]
(Source: International Business Times By Bob Hunt) – Most everyone who has been exposed to day-to-day conversations about short sales and loan modifications has heard countless stories of bank errors, misstatements, bad faith, and downright duplicity. More often than not, [...]
(Source: Sun Sentinel By Paul Owers) – Some South Florida homeowners aren’t qualifying for the Hardest Hit Fund, the state’s foreclosure prevention program, because they’re more than six months behind on mortgage payments.
(Source: San Francisco Chronicle Carolyn Said, Chronicle Staff Writer) – Popular wisdom holds that people who lose their homes to foreclosure must be irresponsible deadbeats who can’t handle money.
(Source: Bloomberg By Linda Sandler and David McLaughlin) – Lehman Brothers Holdings Inc. real estate units and executives including former Chairman Richard Fuld were sued in New York State Supreme Court by investors who said they contributed part of $640 [...]
SAN FRANCISCO (Source: Boston.com By David Streitfeld) — The desire to own your own home, long a bedrock of the American Dream, is fast becoming a casualty of the worst housing downturn since the Great Depression.
(Source: Bloomberg By Bob Willis) – U.S. home prices probably slumped in March by the most in 16 months, indicating residential real estate will keep weighing on the expansion, economists said before a report today.
(Source: Financial Times By Lucy Warwick-Ching) – Two-thirds of people without their own home believe they have no prospect of buying a property, according to a new survey from one of the UK’s largest mortgage lenders.
(Source: CNBC By: Catherine Boyle) – British homebuilders and mortgage lenders are considering making it easier for first-time buyers to get the 95 percent mortgages which many believe contributed to the credit crisis, in a move that risks sparking a [...]
(Source: The Washington Post by By Ben Hallman) – To millions of member-customers, credit unions are the financial equivalent of a trusted uncle, dispensing prudent loans for cars, homes, and education without the profit motive of traditional banks.
(Source: Star -Telegram) - It’s getting more expensive to have a checking account. The monthly fee on Bank of America’s basic MyAccess checking account rose last week from $8.95 to $12. And more changes are in store for customers of [...]
(Source: Seeking Alpha) – Bank of America’s (BAC) shares have struggled since the acute phase of the financial crisis, plagued by bad mortgages and toxic mortgage backed securities acquired in the bank’s respective takeovers of Countrywide and Merrill Lynch, with [...]
ATHENS (Source: AFP) — Greece will receive a new loan from Europe and the International Monetary Fund in return for additional spending cuts and a faster rate of privatisations, a newspaper report said Tuesday.
(Source: Sun Sentinel) – Forget term papers and roommate conflicts. For many students, the biggest college stress comes after they leave school. Six months after graduation, those first student loan bills start arriving and for a Florida student in 2009, [...]
(Source: KSTP) – Senator Amy Klobuchar wants to make sure members of the military aren’t burdened with the cost of college while serving overseas. She introduced a bill that would temporarily stop interest from building on their student loans while [...]
(Source: NJ.com) -Q. My husband and I invested in a rental home in Florida when prices were at their highest about six years ago. Since then we had some financial setbacks and are currently trying to sell that rental home. [...]
(Source: TimesOnline) -Sarver told Ambridge police that she paid a $1,300 rental deposit on a home near Lisbon, Ohio, but when she drove there Saturday to move in, she found that the home was occupied by a family that had [...]
(Source: OC Register) – A foreclosure may not be in the cards after all for Orange County ‘Housewife’ Peggy Tanous. Tanous and a bank she is suing have agreed to put off a deadline in the case that was set [...]
(Source: TC Palm) PALM BEACH GARDENS — Three Palm Beach County men, including a Palm Beach Gardens attorney, have agreed to an $18.8 million settlement with the Federal Trade Commission following charges the trio preyed on struggling homeowners seeking loan [...]
(Source: 9 News) DENVER – It’s the first time Chase has put troubled homeowners, case managers, document collectors and final underwriting decision makers all in the same room in Denver.
(Source: Daily Journal) PORTLAND, Ore. — The foreclosure fight in Oregon jumped to a new level last week after a federal judge in Medford rebuked the industry’s sloppy practices in blocking the seizure of a Jacksonville home, and mortgage issuers [...]
(Source: Miami Harold) – South Florida’s high-level of housing distress and large population of minorities combine to make it a nation-leading hotspot for fraudsters offering mortgage modification scams, a new report shows.
SALT LAKE CITY (Source: KSL By Mary Richards) — Victims of foreclosure are glad top Utah authorities are now on their side. The attorney general’s office put Bank of America on notice Thursday they plan to sue if the bank [...]
(Source: By Brent Hunsberger, The Oregonian The Oregonian) – The foreclosure fight in Oregon jumped to a new level this week after a federal judge in Medford rebuked the industry’s sloppy practices in blocking the seizure of a Jacksonville home, [...]
(Source: Huffington post Military) – homeowners have taken a beating the last few months at the hands of some of the country’s largest mortgage lenders.
(Source: US News By Alan Dunn) – No matter where you live, the word foreclosure can be nerve wrecking, and when faced with financial problems, the number of questions which surface can feel overwhelming. What happens if you can’t pay [...]
(Source: The Consumerist By Ben Popken) – Olly, olly, oxen, free. A class action lawsuit against Bank of America claiming they were less than above board with their loan modification practices has been certified for national participation.
NEW YORK (Source: By David McLaughlin, Dawn Kopecki and Margaret Cronin Fisk Bloomberg News) — Bank of America Corp. faces increased pressure from the Utah and Connecticut attorneys general to change its mortgage-servicing and foreclosure practices as states said the [...]
(Source: Reuters) – Units of Bank of America and Morgan Stanley have agreed to pay more than $22 million to settle charges that they improperly foreclosed on active-duty members of the U.S. military, the U.S. Justice Department said on Thursday.
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