Posts Tagged ‘deal’

Fed may fine firms not part of foreclosure deal – msnbc.com

Fed may fine firms not part of foreclosure dealmsnbc.comFederal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged documents. Last week, a senior Federal Reserve official …and more » View full post on foreclosures – Google News

Foreclosure Deal Credits Banks for Routine Efforts – New York Times

New York Times Foreclosure Deal Credits Banks for Routine EffortsNew York TimesBanks do things like this — real estate transactions that do nothing to prevent foreclosure — all the time. But beginning this month, they can count such activities as part of their new commitment to help people stay in their homes.and more » View full [...]

Bank Whistle-Blower Wins $18 Million Payday in Foreclosure Deal – Bloomberg

Bloomberg Bank Whistle-Blower Wins $18 Million Payday in Foreclosure DealBloombergSzymoniak, 63, is among six whistle-blowers who will pocket $46.5 million as part of a $25 billion national foreclosure settlement that state and federal officials reached in February with five banks, including Bank of America Corp. and JPMorgan Chase …Lynn Szymoniak, Foreclosure Victim, Receives $18 Million [...]

BofA Among Banks in $25 Million Deal Over NY Mortgage Case – BusinessWeek

Daily Beast BofA Among Banks in $25 Million Deal Over NY Mortgage CaseBusinessWeek(WFC) in February over their use of the mortgage registry known as MERS, accusing the lenders of deceiving homeowners and conducting improper foreclosures. The state's agreement with the three banks, as well as Citigroup Inc. (C) and Ally Financial …Big Banks Reach $25 [...]

Deeply underwater homeowners to get most aid from foreclosure deal – Los Angeles Times

Los Angeles Times Deeply underwater homeowners to get most aid from foreclosure dealLos Angeles TimesWells Fargo, one of the five major banks involved in the $25-billion foreclosure settlement, held the daylong event for customers seeking loan modifications, refinancing or other help due to financial or employment difficulties.US files settlement over banks' foreclosuresSan Francisco ChronicleUS, 49 [...]

Bank of America Cuts Side Deal On Mortgage Foreclosures – Hartford Courant

Los Angeles Times Bank of America Cuts Side Deal On Mortgage ForeclosuresHartford CourantBank of America, one of five banks in $25 billion settlement with the US government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage balances, the Wall Street …Bank [...]

BofA in side deal with US govt on mortgage foreclosures -WSJ – Reuters

Los Angeles Times BofA in side deal with US govt on mortgage foreclosures -WSJReutersMarch 8 (Reuters) – Bank of America, one of five banks in $25 billion settlement with the US government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage [...]

Bank of America Reaches Deal on Housing – New York Times

Wall Street Journal Bank of America Reaches Deal on HousingNew York TimesBank of America will provide deeper-than-anticipated principal reductions for about 200000 homeowners under newly-disclosed terms of last month's foreclosure settlement with state and federal authorities. The cuts for homeowners who owe more than their …Report: BofA Strikes Side Deal With Government on ForeclosuresFox BusinessBofA [...]

Kamala Harris’ foreclosure deal a win for state – San Francisco Chronicle

Kamala Harris' foreclosure deal a win for stateSan Francisco ChronicleAs representatives of one of the California cities hardest hit by the foreclosure crisis, we applaud state Attorney General Kamala Harris for using the considerable powers of her office to protect homeowners from fraud and abuse in the mortgage market. View full post on foreclosures – [...]

National Foreclosure Settlement: Several States Using Funds From Deal To Close … – Huffington Post

National Foreclosure Settlement: Several States Using Funds From Deal To Close …Huffington PostHe's not the only politician eyeing the cash for purposes that have nothing to do with foreclosure. Like a pot of gold in a barren field, the $25 billion deal offers a tempting and timely source of funding for state governments with multimillion-dollar [...]