On Oct. 20, New York courts ordered attorneys for foreclosing banks to swear they’d personally confirmed that their documents are true and accurate. But a Brooklyn judge has taken things a step further. Since the banks aren’t c…
When the state tightened its foreclosure rules in response to the document crisis, it ordered the six largest servicers to explain why they should be allowed to continue foreclosing on homes. In effect, their response went some…
The state’s highest court affirmed the fundamental and long-established idea that a bank must own the mortgage it’s foreclosing on before it forecloses. The ruling pertained to Wells Fargo and US Bancorp, but investors are hamm…
Bank of America plans to restructure customer bank accounts and fees to make up for lost revenue from new regulations.
Continue reading Bank of America to Restructure Bank Accounts, Fees
Bank of …
LinkedIn, a social network service that connects business people to one another, doesn’t have the brand name, dazzle, or appeal of Facebook or Groupon. But that may not stop it from an initial public offering this year.
Reuters, quoting unidentified …