BANK OF AMERICA SETTLES MORTGAGE INVESTIGATIONS
After months of stalling, digging in and not taking the government seriously on its threats, it appears Bank of America (BOA) is ready to pay for its sale of toxic mortgage securities prior to the financial crisis that hit the United States starting in 2008. The...New Mortgage Rules help families.
Beginning in January 2014, new CFPB rules will provide homeowners and consumers shopping for a home mortgage new rights and greater protections from harmful practices. These rules will help eliminate or reduce the run around and painful surprises that have hurt so...New Protections for Consumers starting this year
There are new statutory protections in place that will further protect consumers in mortgage and debt collection matters. Read below for a general overview of these protections. Mortgage Servicing/Foreclosures This month substantive amendments to regulations...
UPDATE: DATA BREACH: 70 – 110 million Target card accounts affected since Black Friday
Update: The retail giant Target confirmed that it has identified a severe data breach that may have affected 70 – 110 million credit and debit card accounts used by consumers prior to Black Friday weekend and after in retail stores nationwide. This is an...