Foreclosure Victims News Oct 2010
- Bernanke Says Banks’ Foreclosure Procedures Under Review
Mon, 25 Oct 2010 00:00:00 -0400
Federal banking regulators are examining whether mortgage companies cut corners on their procedures.
- Bank of America Finds Foreclosure Document Errors
Mon, 25 Oct 2010 00:00:00 -0400
As Bank of America begins to restart foreclosure proceedings, the bank said that it had discovered errors, including incorrect data and misspelled names, in the paperwork it had reviewed.
- Foreclosures Are Revived; Short Sales Are Resisted
Sun, 24 Oct 2010 00:00:00 -0400
Homeowners could face pressure from lenders’ reluctance to allow sales for less than what remains on the mortgage.
- Foreclosures: A Paperwork Fiasco – The Basics
Sat, 23 Oct 2010 00:00:00 -0400
The foreclosure crisis seems to be either in meltdown or in repair. Which is it? Here’s an overview.
- One Mess That Can’t Be Papered Over
Sat, 23 Oct 2010 00:00:00 -0400
It is possible, but difficult, to clean up the paperwork mess affecting mortgages. But for mortgage-backed securities, the complications are far trickier.
- Expected Fed Policy Gives Some Solace to Investors
Sat, 23 Oct 2010 00:00:00 -0400
The gloomy economic news continues to flow, but many investors are finding solace in the Wall Street adage: “Don’t fight the Fed.”
- Bank of America’s Foreclosure Mess Won’t Disappear Quickly
Fri, 22 Oct 2010 00:00:00 -0400
Why Bank of America shouldn’t count on putting its foreclosure problems behind it so quickly.
- New Law Lets Homeowners Get Legal Fees in Foreclosure Cases
Thu, 21 Oct 2010 00:00:00 -0400
Supporters say the law, signed in Albany this week, will give homeowners a better chance in court by allowing them to more easily get legal representation.
- Big Legal Clash on Foreclosure is Taking Shape
Wed, 20 Oct 2010 00:00:00 -0400
Courts are expected to be flooded with cases against lenders trying to foreclose without proper records.
- Foreclosures Pose No Broader Threat, U.S. Says
Wed, 20 Oct 2010 00:00:00 -0400
The housing secretary said that the government had yet to find evidence of widespread problems in the foreclosure process, but that the investigations would continue.
- New Requirements for New York Foreclosure Lawyers
Wed, 20 Oct 2010 00:00:00 -0400
New York’s chief judge issued a rule requiring lawyers handling foreclosure in the state to verify to the courts that all their paperwork is accurate.
- Private Equity Firms Linked to Foreclosure Mills
Wed, 20 Oct 2010 00:00:00 -0400
Several private equity firms or entities they control have stakes in the business operations of some of the busiest foreclosure law firms.
- Fannie’s and Freddie’s Foreclosure Oversight Questioned
Tue, 19 Oct 2010 00:00:00 -0400
State and federal agencies are investigating a law firm that did legal work for 70,000 foreclosures last year, many for Freddie Mac and Fannie Mae.
- Intermission, at Best, in Battle Over Foreclosures
Tue, 19 Oct 2010 00:00:00 -0400
Despite Bank of America’s announcement that it will resume foreclosures, state law-enforcement officials and the White House say they will continue their inquiries.
- New York Fed Wants Banks to Buy Back Bad Mortgages
Tue, 19 Oct 2010 00:00:00 -0400
Two years after the Fed bought billions of dollars in mortgage securities as part of the financial bailout, it is pressing banks to buy some of them back.
- Bernanke Says Banks’ Foreclosure Procedures Under Review
Mon, 25 Oct 2010 00:00:00 -0400
Federal banking regulators are examining whether mortgage companies cut corners on their procedures. - Bank of America Finds Foreclosure Document Errors
Mon, 25 Oct 2010 00:00:00 -0400
As Bank of America begins to restart foreclosure proceedings, the bank said that it had discovered errors, including incorrect data and misspelled names, in the paperwork it had reviewed. - Foreclosures Are Revived; Short Sales Are Resisted
Sun, 24 Oct 2010 00:00:00 -0400
Homeowners could face pressure from lenders’ reluctance to allow sales for less than what remains on the mortgage. - Foreclosures: A Paperwork Fiasco – The Basics
Sat, 23 Oct 2010 00:00:00 -0400
The foreclosure crisis seems to be either in meltdown or in repair. Which is it? Here’s an overview. - One Mess That Can’t Be Papered Over
Sat, 23 Oct 2010 00:00:00 -0400
It is possible, but difficult, to clean up the paperwork mess affecting mortgages. But for mortgage-backed securities, the complications are far trickier. - Expected Fed Policy Gives Some Solace to Investors
Sat, 23 Oct 2010 00:00:00 -0400
The gloomy economic news continues to flow, but many investors are finding solace in the Wall Street adage: “Don’t fight the Fed.” - Bank of America’s Foreclosure Mess Won’t Disappear Quickly
Fri, 22 Oct 2010 00:00:00 -0400
Why Bank of America shouldn’t count on putting its foreclosure problems behind it so quickly. - New Law Lets Homeowners Get Legal Fees in Foreclosure Cases
Thu, 21 Oct 2010 00:00:00 -0400
Supporters say the law, signed in Albany this week, will give homeowners a better chance in court by allowing them to more easily get legal representation. - Big Legal Clash on Foreclosure is Taking Shape
Wed, 20 Oct 2010 00:00:00 -0400
Courts are expected to be flooded with cases against lenders trying to foreclose without proper records. - Foreclosures Pose No Broader Threat, U.S. Says
Wed, 20 Oct 2010 00:00:00 -0400
The housing secretary said that the government had yet to find evidence of widespread problems in the foreclosure process, but that the investigations would continue. - New Requirements for New York Foreclosure Lawyers
Wed, 20 Oct 2010 00:00:00 -0400
New York’s chief judge issued a rule requiring lawyers handling foreclosure in the state to verify to the courts that all their paperwork is accurate. - Private Equity Firms Linked to Foreclosure Mills
Wed, 20 Oct 2010 00:00:00 -0400
Several private equity firms or entities they control have stakes in the business operations of some of the busiest foreclosure law firms. - Fannie’s and Freddie’s Foreclosure Oversight Questioned
Tue, 19 Oct 2010 00:00:00 -0400
State and federal agencies are investigating a law firm that did legal work for 70,000 foreclosures last year, many for Freddie Mac and Fannie Mae. - Intermission, at Best, in Battle Over Foreclosures
Tue, 19 Oct 2010 00:00:00 -0400
Despite Bank of America’s announcement that it will resume foreclosures, state law-enforcement officials and the White House say they will continue their inquiries. - New York Fed Wants Banks to Buy Back Bad Mortgages
Tue, 19 Oct 2010 00:00:00 -0400
Two years after the Fed bought billions of dollars in mortgage securities as part of the financial bailout, it is pressing banks to buy some of them back.