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- DESPERATE on Loan Modification with HSBC
- turntim on Bank Of America Defends Loan Modification Program
- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
- Denice Thomas on Hardship Letter
- BA on $100 Million Lawsuit Filed Against Bank Of America
- Ocwen foreclosed on our after taking two payments after stringing us along for three years. Calling India is impossible. I do not believe thery are helping Americans.. Who can I turn to? on President Obama’s Foreclosure Prevention Plan Explained
- Karl on Principle Reductions: Wipe Out Your 2nd Mortgage With Bankruptcy
- James on Not getting help from Bank of America? Here is a special email form to get help today!
- Bill Jenkins on Chris Fox & Curt Melone: Ex-Associates and Family Speak Out
- wilson mahmood on Loan modification mishap involving Bank of America
Free Loan Modification Help
- Will being an Accommodation Buyer for another mortgage affect my Refinance?Forum: Ask the Attorneys? Posted By: teejay Post Time: 02-09-2012 at 10:16 AM […]
- Chase sent HAMP Mod Docs but already have Chase CHAMP Permanent Mod?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: tadias13 Post Time: 02-09-2012 at 10:03 AM […]
- Newbie Help with Timelines for settlement of credit card debt??????Forum: Debt Settlement Posted By: saintjoseph Post Time: 02-09-2012 at 10:03 AM […]
- 1099 c but no foreclosureForum: Foreclosures Posted By: Nvrgvup Post Time: 02-09-2012 at 09:09 AM […]
- Bankrupty after HAMP ModificationForum: Mortgage Bankruptcy Posted By: jfmiller Post Time: 02-09-2012 at 09:06 AM […]
- Note of Intent to Foreclose Certified via USPS, "Trial" Payment Approval via FEDEX same DAY..HELP?!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: Upside Post Time: 02-09-2012 at 08:58 AM […]
- Modification gone wrongForum: Countrywide Home Loans - Tell Us Your Countrywide Story Posted By: manongagnon Post Time: 02-09-2012 at 08:46 AM […]
- AG's are announcing settlement with the banks todayForum: UNITE & FIGHT - Share Your Ideas on How Homeowners Can Fight Back Against Fraud Posted By: estela13 Post Time: 02-09-2012 at 07:52 AM […]
- 3rd Lien Holder Holding Up Sale -- Now Wants to Purchase Home!!!Forum: Short Sale Outpost Posted By: bburkemper Post Time: 02-09-2012 at 06:59 AM […]
- Which financial situation works in favor of mod vs. FC from the bank's POV?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: inthetrenches Post Time: 02-09-2012 at 06:45 AM […]
Federal Reserve
Fed Eyes European Banks
(Source: The Wall Street Journal By DAVID ENRICH And CARRICK MOLLENKAMP) – Federal and state regulators, signaling their growing worry that Europe’s debt crisis could spill into the U.S. banking system, are intensifying their scrutiny of the U.S. arms of [...]
Why the Fed Announcement Won’t Boost the Housing Market
(Source: Moneyland By Alison Rogers) – The Federal Reserve’s announcement this week that it would keep a key interest rate near zero seemed designed to be a chill pill — a way to calm jittery stock market investors by showing [...]
Fed Said to Draft Rules for Biggest U.S. Banks Following Basel Standards
(Source: Bloomberg By Craig Torres and Cheyenne Hopkins) – Federal Reserve officials are drawing up rules for the largest U.S. banks that won’t be more stringent than global capital standards agreed to in Basel, Switzerland, according to a person familiar [...]
U.S. Banks Get More Cash Than They Want
(Source: USA Today By Bloomberg News) – The European debt crisis is poised to flood U.S. banks with something they don’t want and can’t use: more money.
Wells Fargo Suit Says Bank Failing to Obey Federal Reverse Mortgage Rules
(Source: Bloomerg By Margaret Cronin Fisk) – Wells Fargo & Co. (WFC) was accused in a group lawsuit of ignoring federal rules on reverse mortgages and forcing homes into foreclosure instead of giving heirs a chance to buy them.
Feds Accuse Bank of Targeting African Americans
LAS VEGAS (Source: 8NewsNow By Nathan Baca and Mark Mutchler) – The federal Justice Department is accusing Wells Fargo of illegally targeting African Americans with bad home mortgages. Now, a local attorney is launching a class-action lawsuit against the lender.
GAO Audit Report Shows Federal Reserve Issued $16 Trillion During Recession, Sen. Sanders Urges Reform
(Source: American Indapendent By Mikhail Zinshteyn) – Two days after the Government Accountability Office’s one-time audit examining Federal Reserve activities during the economic downturn was published, Sen. Bernie Sanders (I-Vt.) called its lending decisions, “socialism for the rich and rugged.”
Banks Get Scant Help Preparing For Default
(Source: Wall Street Journal BY VICTORIA MCGRANE) – U.S. bank officials say they’re getting little guidance from the Treasury Department, the Federal Reserve or other regulators as they map out how to deal with a possible downgrade in U.S. Treasury [...]
Fed Compromise on Swipe Fees is $3.5 Billion Gift to Banks, Group Says
(Source: Business News Daily) – While the compromise on debit card reform by the Federal Reserve last week still provides some relief for small businesses, it also represents a windfall for big banks, a small business advocacy group claimed.
Even Banks Can’t Win in Time of Low Interest Rates
(Source: Barrons By RANDALL W. FORSYTH) – Time was that banks used to feast on cheap money. Bank stocks would rally on the hint of Federal Reserve interest-rate reductions since the banks would cut the rates they paid to depositors [...]
With Debit Card Swipe Fees Capped, New Bank Fees on Horizon
(Source: By Sandra Block, USA TODAY) – After months of high-stakes lobbying, advertising campaigns and trash talk, bankers and retailers have finally found something they can agree on. They all dislike the Federal Reserve Board’s decision to cap the fees [...]
The Nation: You Swipe Card, Banks Swipe Cash
(Source: NPR by George Zornick) – George grew up in Buffalo, NY and holds a B.A. in English from the State University of New York at Buffalo. Prior to joining The Nation, George was Senior Reporter/Blogger for ThinkProgress.org. He worked [...]
Brokers & Banks Group Spends $1.3M Lobbying in 1Q
(Source: Forbes) – The trade group representing the securities industry spent $1.33 million in the first quarter to lobby the federal government on new rules governing the financial markets and other issues.
Banks Convince Fed to Raise Swipe Fee Limit
(Source: The Washington Post By Ylan Q. Mui) – The Federal Reserve raised its limit Wednesday on how much merchants must pay to banks each time a debit card is swiped, an eleventh-hour reprieve for the financial industry after a [...]
Big changes to Fed debit card rule seen unlikely
(Source: Reuters by Dave Clarke, Brad Dorfman) WASHINGTON, June 29 (Reuters) – Banks are hoping to win at least a small reprieve from the Federal Reserve on Wednesday when the central bank releases a final proposal cracking down on the [...]
Cut Mortgage Deduction: Fed President
BIG SKY, Mont. (Source: TheStreet By Philip van Doorn) — Saying that the United States tax code “encourages household leverage and bank leverage, even though both are potentially destabilizing,” the president of the Federal Reserve Bank of Minneapolis said Monday [...]
Biggest Banks Threaten ‘Future of Capitalism,’ Fed Official Says
(Source: LA Times Blogs) – Thomas Hoenig, the head of the Federal Reserve’s Kansas City branch, has made a name for himself as an implacable foe of Too Big to Fail financial institutions.
Bank Probes Its Executives
(Source: The Wall Street Journal BY DAN FITZPATRICK) – The board of Regions Financial Corp. is investigating whether executives delayed public disclosure of loans that were going sour during the financial crisis, according to court documents and people familiar with [...]
NY Fed Hits Shaky Mortgage Market In Maiden Lane Sale
NEW YORK -(Source: nasdaq)- In the face of a deteriorating market, the Federal Reserve Bank of New York on Thursday sold just half of the risky mortgage-backed bonds it offered from its temporary portfolio created to absorb securities from American [...]
Bankers, Merchants Debit Card Fight Hits Senate
(Source: Bloomberg Business Week) – A heavily-lobbied battle pitting bankers against merchants over the fees stores must pay banks when a customer swipes a debit card has reached the Senate floor.
War on Crime Revs Up on Wall Street
NEW YORK (Source: TheStreet By Peter Morici) — These days the Justice Department and the Securities and Exchange Commission are investigating Wall Street using tactics, such as wire taps, usually reserved for professional criminals and terrorists.
Mortgage Rates Rise For Fourth Week
(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates edged up for the fourth week in a row, as the home buying entered what is traditionally the busiest season for sales.
Prices Are Low! Mortgages Cheap! But You Can’t Get One
NEW YORK (Source: CNNMoney By Les Christie, staff writer) – Yep, mortgage interest rates are low, but there’s a catch: It doesn’t matter how cheap rates are if you can’t get a loan.
Mortgage Securities May Be Exempt From New Rules
WASHINGTON (Source: Tulsa World By Marcy Gordon) – Federal regulators are proposing to exempt certain mortgages from new rules aimed at getting banks to take on more risk when they package and sell mortgage investments.
Average rate on 30-year mortgage hits 5.05 pct.
(Source: Associated Press/AP Online By JANNA HERRON) NEW YORK – The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Higher rates could further hamper the struggling housing market ahead of the [...]
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