All posts tagged "mortgage crisis"

Mortgage application volume falls slightly

Although the average contract interest rate fell for many types of loans, mortgage application volume fell - the MBA points out that...

2.2K

Bank of America employee accused of taking $1M in bribes to rig short sales

One Bank of America employee has been charged with a scheme that put over $1 million in his pocket.

2.2K

Foreclosure mills run rampant, justice may be imminent

If you follow the money at several major foreclosure mill firms, the abuses being discovered at various levels are astounding. One state...

1.1K

DOJ revises web transcript of 2012 Eric Holder speech

When it was discovered that Eric Holder misstated facts about the Mortgage Fraud Task Force, the DOJ initially issued a press release...

1.4K

JPMorgan staff that allegedly hid $6B in losses to be jailed

Two arrests are finally set to be made in JPMorgan's "London Whale" case wherein the bank allegedly covered up $6B in losses...

3.4K

5

Eric Holder misled Americans about mortgage fraud

Eric Holder has overstated facts about the mortgage fraud task force formed to seek out and punish wrongdoing, raising additional questions about...

2.6K

City invoking eminent domain on underwater houses

Local governments in California are known to launch experiments, but invoking eminent domain on underwater mortgages is raising questions and eyebrows across...

2.3K

3

BoA sued for lying, denying applications for bogus reasons

Former Bank of America staff members are coming forward, alleging bank policies that forced employees to lie to homeowners and in some...

3.1K

3

Wells Fargo foreclosing on home for overpaying mortgage

Wells Fargo has taken a harsh tone in the case of a homeowner who sent in too much money one month in...

3.1K

Court rules that MERS meets definition of beneficiary

MERS, once blamed for the entire housing crash, is now being affirmed by judges - could more courts and more states rule...

2.8K

Court affirms MERS role in chain of title is valid

MERS, once blamed for the entire housing crash, is now being affirmed by judges - could more courts and more states rule...

2.1K

MERS winning significant legal battles across U.S.

MERS has been the target of many lawsuits from counties claiming unpaid fees, but judges are more frequently ruling against plaintiffs and...

2.5K

Big banks to review complaints alleging illegal foreclosures

After a bitter fight, homeowners are finally being compensated for big banks illegally foreclosing, but in a cruel twist, the government is...

1.1K

Foreclosure starts fall significantly, may be temporary

Foreclosure starts fell substantially in LPS' most recent report, but the drop may be temporary and is not cause for celebration or...

2.1K

8

Fannie Mae, Freddie Mac freezing foreclosures for holidays

Fannie, Freddie and major lenders are freezing foreclosures for the holidays, but come January, evictions will resume, and there is no promise...

2.1K

3

Home prices slide in October, but continue to rise on a year-over-year basis

Home prices are on their way up on a national level, when compared to 2011, but actually fell in October, with another...

1.8K

Executive faces jail time for role in robo-signing scandal

After charges were filed against a former DocX executive this spring, the nation has awaited the final result as an indicator of...

3.0K

Texas judge dismisses homeowner’s case against MERS

MERS has been the target of many lawsuits from counties claiming unpaid fees, but a homeowner recently tried their hand at suing...

2.3K

Feds seeks to dump Fannie and Freddie’s non-performing mortgages

With the FHFA still overseeing Fannie Mae and Freddie Mac, the three are seeking to possibly sell off their delinquent loans, according...

2.5K

Oklahoma first to get national mortgage settlement payouts

Why is Oklahoma the first state that illegal foreclosure victims will see compensation? And why are they getting 20 times more than...

1.6K

Mortgage

U.S. sues Wells Fargo, alleging a decade of mortgage deceit

Implying Wells Fargo has acted as an assembly line for mass FHA lending, regardless of quality, the government is suing the bank...

2.9K

7

Detroit homeowner forced to live with squatter in her house

After claiming ownership of what she says was an abandoned home, an odd story is spun by a woman who calls herself...

1.9K

Eye-opening visualization of the viral spread of foreclosures

Housing is finally showing a blip on the heart monitor after years of devastation, but this map is a harsh reminder that...

1.2K

4