Posts Tagged ‘Major’

Major banks offer $25 billion over foreclosure abuse – Palm Beach Post

Fox News Major banks offer $25 billion over foreclosure abusePalm Beach PostBy Derek Kravitz AP WASHINGTON — The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between …Mortgage lenders offers states new terms for draft [...]

Home Prices In Major Cities Hit New Lows, Yanked Down By Foreclosures – Forbes

Forbes Home Prices In Major Cities Hit New Lows, Yanked Down By ForeclosuresForbesBottom line, with prices now double dipping, the question is of course when will this end and that won't likely be until more of the foreclosure backlogs get worked off. Buried in this morning's report, however, is a green shoot. …Home Prices in [...]

Survey: Home prices down in most major US cities – Los Angeles Times

USA TODAY Survey: Home prices down in most major US citiesLos Angeles TimesPrices are also certain to fall further once banks resume millions of foreclosures. They have been delayed because of a yearlong government investigation into mortgage lending practices. Home prices had stabilized in coastal cities over the past six …Home Prices in US Cities [...]

Foreclosures by major banks increase 21.1% in third quarter – Los Angeles Times

Problem Bank List Foreclosures by major banks increase 21.1% in third quarterLos Angeles TimesThe jump in foreclosures from the second quarter came as mortgage servicers lifted holds they instituted as authorities investigated faulty paperwork. Separate research showed homes en route to being seized fell 15.8% in October from a year earlier. …Home foreclosures jump in [...]

Third-quarter foreclosures by major banks up 21.1 percent – Kansas City Star

Press TV Third-quarter foreclosures by major banks up 21.1 percentKansas City StarThe Office of the Comptroller of the Currency said new foreclosures initiated by eight large national banks and One West Bank federal savings association in Pasadena, Calif., rose from the second quarter of this year as mortgage servicers lifted holds …Home foreclosures jump in [...]

Nevada sues major foreclosure processing firm – Los Angeles Times

VEGAS INC Nevada sues major foreclosure processing firmLos Angeles TimesNevada has filed suit against a major player in the foreclosure business, Lender Processing Services, claiming the company is responsible for perpetrating widespread consumer fraud in the Silver State. The lawsuit against Florida-based LPS and several …Nevada Sues Lender Processing Services, Mortgage Giant, For Foreclosure FraudHuffington [...]

First major state lawsuit filed over ‘robo-signing’ – USA Today

USA Today First major state lawsuit filed over 'robo-signing'USA TodayThe lawsuit also seeks "to hold the banks accountable through permanent injunctive relief to provide a solution for prior unlawful foreclosures and to require that the banks, going forward, register assignments and other documents in accordance with …Ally Financial stops buying home loans in Massachusetts after [...]

Massachusetts Sues 5 Major Banks Over Foreclosure Practices – New York Times

New York Times Massachusetts Sues 5 Major Banks Over Foreclosure PracticesNew York TimesIn addition to her inquiry into foreclosure improprieties in Massachusetts, she has also conducted far-reaching investigations into predatory lending and securitization abuses. Since 2009, Ms. Coakley has extracted more than $600 million in restitution …Massachusetts Sues Banks Over ForeclosuresNPRJPMorgan, BofA Sued By Massachusetts [...]

Major Banks Finally Boost Foreclosure Activity – MarketWatch (press release)

Major Banks Finally Boost Foreclosure ActivityMarketWatch (press release)NEW YORK, NY, Sep 22, 2011 (MARKETWIRE via COMTEX) — After last year's revelations that lenders were authorizing actions without reviewing case files halted foreclosure activity for months, US banks are finally starting to address the backlog, …and more » View full post on foreclosures – Google News

NJ judge lifts holds on major banks’ foreclosures – BusinessWeek

Bobsguide (press release) NJ judge lifts holds on major banks' foreclosuresBusinessWeekA New Jersey judge has ruled that four major banks can resume uncontested foreclosure actions in the state under court monitoring. Bank of America, Citibank, JP Morgan and Wells Fargo were among six large lenders targeted by New Jersey's Supreme Court …Flow of foreclosures likely [...]