In a Senate hearing Tuesday, Bank of America vowed to improve its foreclosure operations to avoid more “robo-signing” documentation problems. The bank halted foreclosures in October amid allegations of faulty paperwork and did …
Executives from the mortgage servicing industry testify before the Senate today, and they’ll try to save face by apologizing for their industry’s role in the foreclosure mess. But don’t believe the hype.
Contin…
A government task force investigating the foreclosure crisis may meet with mortgage lenders as soon as today, Bloomberg News reported.
Attorneys general in all 50 states are investigating claims that lenders used flawed paperwork to foreclose on hundreds of thousands of homes.
“The banks want to sit down with the attorneys general. These meetings are being set up,” Colorado Attorney…
Continue reading Mortgage Lenders May Meet With Foreclosure Task Force Today
Mortgage Lenders May Meet With Foreclosure Task Force Today originally appeared on DailyFinance on Thu, 28 Oct 2010 08:06:00.
Filed Under: Company News, Economy, People, Real Estate, Taxes, Credit
A government task force investigating the foreclosure crisis may meet with mortgage lenders as soon as today, Bloomberg News reported.
Attorneys general in all 50 states are investigating claims that lenders used flawed paperwork to foreclose on hundreds of thousands of homes.
“The banks want to sit down with the attorneys general. These meetings are being set up,” Colorado Attorney…
Continue reading Mortgage Lenders May Meet With Foreclosure Task Force Today
Mortgage Lenders May Meet With Foreclosure Task Force Today originally appeared on DailyFinance on Thu, 28 Oct 2010 08:06:00.
Filed Under: Company News, Economy, People, Real Estate, Taxes, Credit
Despite new federal laws designed to protect them, many tenants are caught up in foreclosure dramas as building owners struggle to hold on to their properties. And if the real estate market doesn’t improve soon, the problem cou…