This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has a…
Citigroup Inc (C) said it may have to refile thousands of foreclosure affidavits.
The bank is reviewing 10,000 affidavits executed before the company overhauled its foreclosure operation in February, Harold Lewis, a managing director with CitiMortgag…
The Congressional Oversight Panel created in the wake of TARP to oversee and monitor the Treasury Department has issued a devastatingly clear report about the mortgage mess and its legal implications, which are ugly.
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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…