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…
If we’re to restore the rule of law in foreclosure cases, it’s going to take a lot more than the fall of Stern’s firm, which is just one of several “foreclosure mills” in Florida. Others are under investigation. Maybe some of t…
A partial settlement plan has been constructed by a group of state attorneys general and federal regulators. In theory, it addresses banks’ flawed mortgage servicing, modification and foreclosure practices. In reality, it just …
HSBC announced late last month that it had put all of its U.S. foreclosures on hold to review their documents — back in December. So why are its lawyers still pushing cases ahead? HSBC also says it doesn’t robo-sign. So why do…
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…