Federal Reserve Seeks to Fine Firms Over ForeclosuresNew York TimesFederal 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 [...]
Foreclosure Rescue Scammer Pleads GuiltyFederal Bureau of Investigation (press release)From 2006 through July 2009, DeMarco owned and operated DeMarco REI Inc., a foreclosure rescue company. A 15-count indictment charged DeMarco with conspiracy, mail fraud, wire fraud, bank fraud, and money laundering. Three others were charged in the …and more » View full post on foreclosures – [...]
Foreclosures: Federal settlement dollars not enough to stem tide locallyThe Oshkosh NorthwesternWisconsin will see $140 million out of a $25 billion settlement over mortgage foreclosure abuses, but those who deal with foreclosures in Winnebago doubt it will make a significant dent in the hundreds of foreclosure actions that have been filed in the …and more » [...]
Problem Bank List The Federal Reserve Discourages ForeclosuresHuffington PostIt took a while — years, in fact — but the Federal Reserve is finally stepping into the foreclosure crisis. In the form of a Federal Reserve paper addressed to the Financial Services Committee of the House of Representatives, Ben Bernanke, …Banking News – Daily Banking UpdateProblem [...]
International Business Times Foreclosure Not Best Solution To Housing Crisis: Federal Reserve ReportHuffington PostBernanke sent a Federal Reserve paper to the leaders of the House of Representatives' Committee on Financial Services arguing that relying heavily on foreclosures to deal with mortgage borrowers that can't meet their obligations is "costly and …Federal Reserve Calls for Foreclosure [...]
Syracuse.com Federal reserve report: Home flipping drove housing bubble in Nevada …Washington PostLAS VEGAS — A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record foreclosures and sent economies plummeting in Nevada, California, Arizona, …Federal report: Home flipping drove [...]
Free Foreclosure Prevention Workshop in Las Vegas Sponsored by Federal Home …Sacramento BeeBy Federal Home Loan Bank of San Francisco LAS VEGAS, Oct. 20, 2011 /PRNewswire-USNewswire/ — The following is being released today by the Federal Home Loan Bank of San Francisco: WHAT:In response to the high rate of home foreclosures in Nevada, …and more » [...]
The Atlantic Another Federal Foreclosure Prevention Effort FailsThe AtlanticFirst, its Making Homes Affordable program — meant to prevent several million foreclosures — continues to struggle to reach even one million. Then, its long-awaited principal reduction effort was completely shunned by Fannie Mae and Freddie Mac, …Emergency Loan Program for Foreclosures DisappointsFiredoglakeMortgage Aid Effort Falls Short [...]
State lawsuit names banks in federal complaintsHouston ChronicleAmong other things, Masto said Bank of America assured some Nevada consumers that their homes would not be foreclosed while their requests for modifications were pending, but then went ahead with foreclosures anyway. The bank also promised consumers …Nevada AG's lawsuit targets deceptive lendingReno Gazette Journalall 17 news [...]
St. George Homeowner Eviction Case Moved to Federal CourtKCSGCourt Order Bank of America has reportedly shutdown foreclosures in Salt Lake County, according an article in the Salt Lake Tribune and in Summit County, according to The Park Record where foreclosure notices are published in Park City. …and more » View full post on foreclosures – Google [...]
