PROVIDENCE (Source: Projo By Katie Mulvaney) — U.S. District Court Judge John J. McConnell Jr. has put more than 60 cases challenging foreclosure proceedings across Rhode Island on hold and ordered the banks and borrowers to engage in “directed and [...]
(Source: New York Times Paul Krugman) – As most of our attention is focused on the debt-ceiling crisis, another issue is coming to a head: whether prosecutors will rush to let banks off the hook for mortgage abuses in return [...]
(Source: Derek Kravitz, Associated Press) – The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.
(Source: Wall Street Journal By Maya Jackson Randall and Alan Zibel) – Fixing the mortgage-servicing market, which has been plagued with allegations of shoddy home-foreclosure practices, will be one of the new Consumer Financial Protection Bureau’s main priorities, a top [...]
(Source: Bloomberg By Phil Mattingly) – U.S. House Republicans will press for new details on Elizabeth Warren’s role in talks to settle federal and state claims that mortgage servicers improperly processed foreclosures.
SAN ANTONIO (Source: By Jeff Collins The Orange County Register) — Efforts to keep defaulting homeowners from losing their homes have largely failed, leaving few options apart from letting foreclosures take their course, attendees at a national real estate writers [...]
WASHINGTON (Source: By Ronald D. Orol, MarketWatch ) — A top bank regulator pushed back Wednesday against a group of Senate Democrats who have been seeking to have the regulatory agency work with states and the Justice Department in their [...]
WASHINGTON -(Source: The Wall Street Journal)- Government-controlled mortgage company Fannie Mae (FNMA) on Monday detailed a list of new rules for home mortgage servicers aimed at fixing widespread problems in the foreclosure process.
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