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Mortgage Modifications Wind Down as Foreclosures Heat Up

by s1manager | Feb 22, 2012 | Latest News

By: Diana Olick Mortgage modifications under the government’s bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip. You might think it’s because there...

Bank of America Settlement Faces Growing Challenges

by s1manager | Feb 22, 2012 | Latest News

By NELSON SCHWARTZ A Bank of America branch in Times Square.Andrew Gombert/European Pressphoto Agency. A lawsuit claims that a $8.5 billion deal with Bank of America would actually speed up foreclosures The legal onslaught continues for Bank of America. On Tuesday,...

MERS Morass’ is Hanging Up Negotiations on Foreclosure Settlement

by s1manager | Feb 22, 2012 | Latest News

By: Paul Sakuma / AP Myrian Munoz, of Pacifica, Calif., left, and Lili Lu, of Fremont, Calif., rally with other members of the Home Defenders League in San Jose, hoping to stop Bank of America from foreclosing on their homes. By Brady Dennis, Published: August 24...

Bank of America Said to Be Seeking Separate Mortgage Foreclosure Deal

by s1manager | Feb 22, 2012 | Latest News

By David McLaughlin and Dakin Campbell Bank of America Corp. (BAC) has held settlement negotiations with some states over home foreclosures separately from talks with a larger group of state and federal officials, two people familiar with the matter said. The proposed...

Short Sales, Long Waits: Buyers and Sellers Find Process Frustrating

by s1manager | Feb 22, 2012 | Latest News

By GRETA GUEST Detroit Free Press Short sales are among the most arduous real estate transactions, often taking six months or more to close – if they get done at all. They can be a life raft for distressed homeowners who owe more on their houses than what...

Bank of America Accused of Anti-Consumer Practices

by s1manager | Feb 22, 2012 | Latest News

We are currently accepting cases involving Bank of America. Please contact us for a free consultation By Jonathan Stempel NEW YORK (Reuters) – Consumer and labor groups demanded Bank of America Corp and other lenders reform their sales practices so that workers...

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