NewsRack: demo/Housing/Foreclosures

Report says big banks are violating mortgage settlement - Seattle Times: Business & Technology

Wed, 19 Jun 2013 18:30:00 GMT

The court-appointed monitor of the $25 billion settlement on Wednesday issued a report saying Citigroup, Bank of America, Wells Fargo and JPMorgan Chase have dragged their feet in processing homeowners’ requests for lower monthly loan payments.

Nation’s biggest mortgage lenders failing terms of settlement - Star Tribune: Business

Wed, 19 Jun 2013 18:30:00 GMT

Four of the five large banks haven’t cut through the red tape involved in obtaining a modified mortgage.

Banks fall short in helping struggling homeowners - San Jose Mercury News: Business

Wed, 19 Jun 2013 18:30:00 GMT

Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers, according to a report released Wednesday. Such delays can plunge borrowers deeper in debt. Joseph A. Smith Jr., the independent monitor of last year's national mortgage settlement, said that while the banks are doing a better job complying with new mortgage servicing rules, more needs to be done.

Most major loan servicers not complying with mortgage settlement - Yahoo! News Search Results for mortgage

Tue, 18 Jun 2013 18:30:00 GMT

Four of the five largest mortgage servicers are failing to comply with key aspects of a national settlement designed to regulate how struggling borrowers are treated, a report released Wednesday shows.

Major loan servicers not complying with settlement - Chicago Tribune: Business

By Mary Ellen Podmolik — Wed, 19 Jun 2013 18:30:00 GMT

Major loan servicers not complying with settlement

Banks fall short in helping struggling homeowners - Seattle Times: Politics

Tue, 18 Jun 2013 18:30:00 GMT

A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers. Such delays can plunge borrowers deeper in debt.

We're Right to Use Private Counsel - Wall St. Journal: Policy

Tue, 18 Jun 2013 18:30:00 GMT

We're Right to Use Private Counsel

Monitor Finds Lenders Failing Terms of Settlement - NYT: Home Page

By SHAILA DEWAN — Tue, 18 Jun 2013 18:30:00 GMT

Monitor Finds Lenders Failing Terms of Settlement

2 Vt. groups get money for housing advice - Boston Globe: Latest

Tue, 18 Jun 2013 18:30:00 GMT

2 Vt. groups get money for housing advice

Scott Wedel: Time to dissolve Yampa Valley Housing Authority - Steamboat Pilot

Scott Wedel/For the Steamboat Today — Tue, 18 Jun 2013 18:30:00 GMT

The disaster that is the Yampa Valley Housing Authority is complete. It is administratively incompetent, has incompetent business practices, ignores its own legal advice and misleads the public.

'We Were Told To Lie,' Say Bank Of America Employees - NPR News

Tue, 18 Jun 2013 18:30:00 GMT

Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.

We're Right to Use Private Counsel - Wall St. Journal: Policy

Tue, 18 Jun 2013 18:30:00 GMT

We're Right to Use Private Counsel

S.F. tenants win a battle over rental conversions - LA Times: Top News

By Lee Romney, Los Angeles Times — Sun, 16 Jun 2013 18:30:00 GMT

S.F. tenants win a battle over rental conversions

DealBook: Albany May Tighten Rein on Banking Consultants - NY Times: Business

By JESSICA SILVER-GREENBERG and BEN PROTESS — Mon, 17 Jun 2013 18:30:00 GMT

DealBook: Albany May Tighten Rein on Banking Consultants

Bank of America former employees: 'We were told to lie' - MSNBC

John W. Schoen — Mon, 17 Jun 2013 18:30:00 GMT

Bank of America former employees: 'We were told to lie'

80 trips to find the perfect house - Chicago Tribune: Real Estate

By J. Scott Trubey — Sat, 15 Jun 2013 18:30:00 GMT

80 trips to find the perfect house

Lenders seek court actions against homeowners years after foreclosure - Washington Post

Kimbriell Kelly — Sat, 15 Jun 2013 18:30:00 GMT

For Jose Santos Benavides, the ordeal of losing his home was over. The Salvadoran immigrant had worked for years as a self-employed landscaper to make a $15,000 down payment on a four-bedroom house in Rockville. He had achieved a portion of the American dream, earning nearly six figures. Read full article ...

Galewood Crossings at a crossroad - Chicago Tribune: Business

By Mary Ellen Podmolik , Chicago Tribune reporter — Sat, 15 Jun 2013 18:30:00 GMT

Galewood Crossings at a crossroad

Progress has been slow in cleaning up mortgage mess - NBCNews.com (blog) - mortgage - Google News

Thu, 13 Jun 2013 18:30:00 GMT

Progress has been slow in cleaning up mortgage mess NBCNews.com (blog) That's not what 49 attorneys general and several federal agencies were expecting when they signed the $26 billion National Mortgage Settlement over a year ago with Bank of America and four other big mortgage lenders: Wells Fargo, Citibank, JPMorgan ... and ...

Former Bank of America workers allege lies to homeowners - Chicago Tribune: Popular

By Michelle Conlin and Peter Rudegeair — Fri, 14 Jun 2013 18:30:00 GMT

Former Bank of America workers allege lies to homeowners

Fannie Mae exec fired amid kickback scandal - LA Times: Business

By E. Scott Reckard, Los Angeles Times — Thu, 13 Jun 2013 18:30:00 GMT

Fannie Mae exec fired amid kickback scandal

As housing market ramps up, so does pace of foreclosure filings - Salt Lake Tribune

Thu, 13 Jun 2013 18:30:00 GMT

the Associated Press Published Jun 13, 2013 07:40PM MDT Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others. Bank repossessions jumped 11 percent nationally in May from the previous month, with monthly increases taking place in 33 states, including Utah, foreclosure listing firm RealtyTrac Inc. said Thursday. The monthly pick up reflects a rise in homes entering the foreclosure process last year. Many o... ...

8 former mutual fund directors settle SEC claims over value setting in 5 Morgan Keegan funds - Star Tribune: Politics

Thu, 13 Jun 2013 18:30:00 GMT

8 ex-mutual fund directors settle SEC claims - Seattle Times: Business & Technology

Thu, 13 Jun 2013 18:30:00 GMT

Eight former mutual fund directors have settled federal claims that they allowed others at the firm to set values for subprime mortgage securities that were held by funds on which investors lost about $1.5 billion.

Foreclosure sales drop in Bay Area in May - San Jose Mercury News: News

Wed, 12 Jun 2013 18:30:00 GMT

Sales at courthouse auctions fell from April to May a combined 25 percent in Santa Clara, San Mateo, Alameda and Contra Costa counties, according to PropertyRadar.