New regulations limiting mortgage brokers’ compensation go into effect on April 1. While they’re meant to protect mortgage borrowers from unscrupulous brokers, they could have an adverse impact on the nation’s struggling housin…
State attorneys general and federal regulators are rushing to settle the robo-signing foreclosure mess created by the banks and get the real estate market back on its feet. But their proposals don’t fully address the one of the…
Bank of America is reportedly offering legislators a special hot line with the bank, to help with homeowner’s mortgage modification. But no one else can have access to the number, not even the people who most need it.
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Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks’ Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain…
The mortgage mess settlement proposal is a repudiation of the servicing industries’ standard business practices. The agreement also reads as an indictment — not just of the servicing industry, but also of law enforcement, regu…