Depositions by three employees of Nationwide Title Clearing describe a factory-like process that’s awful to look at. But Nationwide defends the system as being benign as sausage-making — and that it’s standard industry practic…
A recent profile of Barbara Desoer, the president of Bank of America’s home loan unit, describes her as “Besieged.” But here’s who’s really beseiged: All those homeowners who are getting a raw deal from the banks.
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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
More mortgage investors appear to be joining the fight to force banks to buy back bad loans. These investors face big challenges in spite of their swelling ranks, as banks are understandably reluctant to pay.
C…