Saturday, September 8, 2012

Mortgage settlement

  • What's in Your Wallet? Hopefully Your Share of the National Mortgage Settlement

    It's all because of the National Mortgage Settlement, an agreement with federal and state law enforcement agencies in which the largest mortgage servicers agreed to refund $21.5 billion to consumers who were seriously harmed by deceptive servicing ...

    www.huffingtonpost.com

  • Kan. AG touts mortgage settlement for residents

    Attorney General Derek Schmidt says Kansas homeowners have realized $8.4 million in mortgage assistance as a result of a nationwide settlement reached in March. Forty-nine states and the federal government reached the settlement with five mortgage ...

    www.sacbee.com

  • Settlement near in mortgage scam case

    WASHINGTON - The government's consumer finance watchdog is in talks to settle charges that a California businessman falsely promised to help lower homeowners' monthly mortgage payments. Abraham Michael Pessar said that he is talking to officials ...

    www.thecalifornian.com

  • Four Regional Banks Discuss Settlement Over Foreclosures

    State attorneys general led by Tom Miller, a Democrat from Iowa, began an investigation of mortgage servicers in October 2010 after reports that practices including "robo-signing" had led to improper foreclosures.

    www.bloomberg.com

  • Investment adviser and firms paying $23.5M to settle SEC fraud charges on ...

    WASHINGTON - An investment adviser and his firm and affiliates will pay $23.5 million to settle civil fraud charges brought by federal regulators in one of the earliest cases related to the financial crisis.

    www.washingtonpost.com

  • Banks Slow To Implement Key Debt Relief Provision Of Mortgage Settlement

    The five major banks that signed a landmark national mortgage settlement in March have been slow to deliver $10 billion in promised debt relief, according to data submitted recently by the banks to the independent monitor overseeing the landmark ...

    www.huffingtonpost.com

  • Mortgage-settlement aid given to 2825 Marylanders so far

    Just over 2,800 Marylanders have received some aid through the national mortgage-servicing settlement this year, with nearly 2,000 others in process, according to the settlement's monitor. The assistance, valued at $224 million, ranges from principal ...

    www.baltimoresun.com

  • How to Find Weeds in a Mortgage Pool

    A step in that direction is Triaxx's recent objection to a proposed settlement struck last May between ResCap and a group of large mortgage investors. Triaxx, which invested in mortgage loans originated by ResCap, criticized that settlement because it ...

    www.nytimes.com

  • Mortgage debt relief may bring new pain: a tax bill

    Housing advocates and lawmakers are worried that the exemption will disappear just as thousands of homeowners are receiving large amounts of mortgage debt relief from the nation's five largest banks as part of a national settlement of foreclosure abuse ...

    www.latimes.com

  • Harris touts mortgage settlement in DNC speech

    CHARLOTTE, N.C. (Legal Newsline) - California Attorney General Kamala Harris, in her speech Wednesday night at the Democratic National Convention, touted the $25 billion nationwide mortgage settlement her and 48 other state attorneys general helped ...

    www.legalnewsline.com

  • Citigroup in $590 Million Settlement of Subprime Lawsuit

    Citigroup said on Wednesday that it had agreed to pay $590 million to settle a class-action lawsuit brought by shareholders who contended that they had been misled about the bank's exposure to subprime mortgage debt on the eve of the financial crisis.

    dealbook.nytimes.com

  • $26M settlement reached in WaMu mortgage securities suit

    $26M settlement reached in WaMu mortgage securities suit. Purchasers of some WaMu mortgage-backed securities will share $26 million in a settlement of one of the remaining suits over the failed thrift's actions during the mortgage bubble. By Drew ...

    seattletimes.com

  • $3.5 Million Settlement in Mortgage Bias Case

    A mortgage company has agreed to pay more than $3.5 million to settle allegations by federal prosecutors that it charged higher interest rates and fees on mortgages to nonwhite borrowers than to whites with similar financial backgrounds, federal ...

    www.nytimes.com

  • End is near for filling out Oklahoma mortgage settlement applications

    The deadline is nearing for Oklahoma homeowners who believe they were wronged by unfair or illegal mortgage and foreclosure practices to seek damages from the state's settlement with five big lenders. photo - Photo Illustration. Photo Illustration ...

    newsok.com

  • Judge considers use of mortgage settlement money

    PHOENIX (AP) - While critics say the money should be used to help mortgage borrowers, a lawyer for the state said Wednesday that Arizona is entitled to use $50 million of its share of a multistate foreclosure settlement paid by lenders to help balance ...

    www.businessweek.com

  • Kilmartin: mortgage settlement working

    The National Mortgage Settlement went into effect on April 5th when a federal judge enter judgements that settled claims of improper mortgage servicing practices against five organizations.

    www.wpri.com

  • Twenty Thousand Dollars Used by HUD for Maternity Discrimination Lawsuit ...

    Refusing to approve a mortgage loan or provide refinancing because a woman is pregnant or on maternity leave violates the Fair Housing Act's prohibitions against sex and familial status discrimination.

    www.loansafe.org

  • Morrisey condemns McGraw billboards

    Four of the billboards have gone up across the state recently promoting the project that is a result of this summer's national mortgage settlement, of which McGraw took part. The billboard shows a soldier hugging a family member and says "You Protect ...

    www.wvrecord.com

  • Still No Justice for Mortgage Abuses

    The Office of Mortgage Settlement Oversight, the monitor of the settlement, released a preliminary report last week showing that 138,000 homeowners had received some form of relief from March 1 through June 30.

    www.nytimes.com

  • Former WaMu units reach $26 million settlement in mortgage securities case

    NEW YORK (Reuters) - Two former Washington Mutual Bank units have reached a $26 million settlement agreement over claims they misled investors over the sale of mortgage-backed securities. Lawyers for plaintiffs filed a notice of the settlement on ...

    www.reuters.com

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