Predatory Lenders

Banks Said to Balk at ‘Robo-Signing’ Offer

NEW YORK, Sept. 6 (Source: UPI) – U.S. banks are balking at an offer by state officials to limit their blame for alleged improper mortgage practices in return for a multibillion-dollar payment.


Posted in Mortgage News | Tagged , , , , | Leave a comment

Faced With Foreclosure – for Paying Her Mortgage Early

(Source: The Boston Globe by Scott Van Voorhis) – Can the nation’s big banks get any more incompetent in how they handle individual foreclosures?


Posted in Mortgage News | Tagged , , , , , | Leave a comment

New State Law Targets Deceptive Loan Mod Practices

(Source: Komo News By Connie Thompson) – Say goodbye to the bureaucratic bank run around when you’re trying to save your home from foreclosure.


Posted in Loan Modification News | Tagged , , , | Leave a comment

Bank of America Pursues Protection From Lawsuits

(Source: The Washington Post By Cezary Podkul) – Bank of America is pursuing a settlement with state and federal officials that would shield the company from lawsuits over its mortgage practices in exchange for reducing the amount that struggling homeowners [...]


Posted in Bank News, Banking | Tagged , , , , | Leave a comment

Wells Fargo and Deutsche Ignore Building Codes

(Source: NYDailyNews BY Daniel Beekman) – Bronx foreclosures have racked up hundreds of building code violations of the type that led to a deadly fire on Prospect Ave., according to new report released on Monday.


Posted in Bank News, Banking | Tagged , , , , , , | Leave a comment

Mass. AG Puts Conditions On Bank Settlement

(Source: Bloomberg BusinessWeek By PALLAVI GOGOI) – Massachusetts Attorney General Martha Coakley said on Monday that she will not sign on to any agreement between attorneys general and the big banks if it includes releasing them from future liability related [...]


Posted in Bank News, Banking | Tagged , , , , , | Leave a comment

Mortgage ‘Robo-Signing’ Still Goes On

(Source: Daily Herald) – Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt [...]


Posted in Scam & Fraud News | Tagged , , , , | Leave a comment

Wells Fargo To Pay $85M Over Mortgage Abuses

(Source: By Michael Winter, USA TODAY) – Wells Fargo has issued a statement on its website indicating that it will “reinforce oversight of mortgage lending practices” and also move toward providing compensation to customers who were harmed by alleged mortgage [...]


Posted in Scam & Fraud News | Tagged , , , | Leave a comment

McGraw Files Suit Against Calif. Loan Modification Co.

CHARLESTON — West Virginia Attorney General Darrell McGraw’s office has taken action against a California-based company for alleged fraudulent loan modification claims.


Posted in Loan Modification News | Tagged , , , | Leave a comment

Big Banks Are Still Faking Home Loan Documents

(Source: Bnet By Alain Sherter) – After getting caught last year falsifying legal documents as part of conducting illegal foreclosures, big banks promised never to do it again. In April, more than a dozen large mortgage servicers also signed agreements [...]


Posted in Mortgage News | Tagged , , , , , , , | Leave a comment

Lawmakers Call For Hearings On Robo-Signing

NEW YORK (Source: MICHELLE CONLIN, AP Business Writers, PALLAVI GOGOI, AP Business Writers) — Lawmakers and enforcement agencies called for hearings and further investigation Tuesday after learning that the illegal practice known as robo-signing has continued in the mortgage industry.


Posted in Mortgage News | Tagged , , , , , , | Leave a comment

Mortgage ‘Robo-Signing’ Goes On

(Source: AP Associated press By MICHELLE CONLIN) – Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led [...]


Posted in Mortgage News | Tagged , , , , , | Leave a comment

Jamie Dimon Really, Really Wants to Settle Foreclosure Probe

(Source: Wall Street Journal By Shira Ovide) – Bank investors have been biting their fingernails over a potential multi-billion-dollar settlement with state and federal officials over alleged foreclosure abuses. And J.P. Morgan CEO Jamie Dimon is anxious to get an [...]


Posted in Mortgage News | Tagged , , , | Leave a comment

Oversight Chairman Issa ‘Very Concerned’ Elizabeth Warren And Consumer Bureau Will ‘Bully Banks’

(Source: Think Progress By Lee Fang) – Previewing a hearing he’s holding today on the new Consumer Financial Protection Bureau, House Oversight Committee Chairman Darrell Issa (R-CA) told Fox Business yesterday that he plans to grill Professor Elizabeth Warren, who [...]


Posted in Political News | Tagged , , , , , , , | Leave a comment

Pacoima Couple Accuses JPMorgan Chase of Illegally Foreclosing on Home

LOS ANGELES (Source: Daily News Wire Services) – A Pacoima couple is suing the financial services firm JPMorgan Chase for allegedly disregarding federally backed loan modification agreements and illegally attempting to foreclose on their home, according to court papers obtained [...]


Posted in Mortgage News | Tagged , , , , , , | Leave a comment

NY Judges Order BofA to Face Two Mortgage Lawsuits

(Source: Reuters By Jonathan Stempel) – Two Manhattan federal judges have ordered Bank of America Corp (BAC.N) to face lawsuits accusing the largest U.S. bank of misleading investors about mortgage-backed securities.


Posted in Mortgage News | Tagged , , , , , | Leave a comment

Lender Settles Charge of Discriminating Against Seattle-Area Mom

(Source: By AUBREY COHEN, seattlepi.com) – A mortgage lender has agreed to pay a Seattle-area doctor $15,000 as part of a settlement of charges that it discriminated against her because she was on maternity leave, the U.S. Department of Housing [...]


Posted in Mortgage News | Tagged , , , , , | Leave a comment

California Court Says Bank Needs to Keep Promises

(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, [...]


Posted in Loan Modification News | Tagged , , , , , , | Leave a comment

Utah A.G.’s Office Announces Plans to Sue Bank of America

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 [...]


Posted in Loan Modification News | Tagged , , , , , , | Leave a comment

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News