” The bank and the SEC reached a settlement that had the Charlotte bank pay $33 million fines. The judge nixed that, not simply for the lack of rationale for the size of the fine, but its public importance, given the bailout money the bank received”
News, Research & Insights for American Homeowners, Patriots & Constitutional Conservatives
Foreclosure News
- What does the foreclosure settlement mean to you? - WLOX February 12, 2012What does the foreclosure settlement mean to you?WLOXIt doesn't just affect the person going into foreclosure or having to do the short sale, it affects their next door neighbor, too. It changes property values," Eakes said. She says foreclosure or the worry of it is all to common. […]
- Aid coming from foreclosure-abuse deal - Covington News February 12, 2012BloombergAid coming from foreclosure-abuse dealCovington NewsThe attorneys general of 49 states, including Georgia, reached a $25 billion settlement with the nation's five largest mortgage lenders this week to over relief for victims of foreclosure abuses. The settlement does not include Fannie Mae and Freddie ...The Deal Is Done, but Hold the ApplauseN […]
- Oklahoma Opts Out Of Foreclosure Deal - NPR February 11, 2012Oklahoma Opts Out Of Foreclosure DealNPRRobo-signing and dual tracking wrongfully foreclosed on homes all across the country. Almost every state will accept the $26 billion federal settlement — all except Oklahoma. Weekends on All Things Considered host Guy Raz speaks with Oklahoma Attorney ...and more » […]
- Gov. Scott Walker Pockets Money Intended For Wisconsin Foreclosure Victims To ... - Forbes February 11, 2012ForbesGov. Scott Walker Pockets Money Intended For Wisconsin Foreclosure Victims To ...Forbes... portion of the money for the purpose of funding future law enforcement efforts, providing additional relief to borrowers, paying civil penalties, funding of foreclosure relief programs and to compensate the state for its losses from the crisis.Gov. Scott Walker t […]
- Foreclosure pact promises more trouble - Chicago Sun-Times February 11, 2012The Markets Are OpenForeclosure pact promises more troubleChicago Sun-TimesThe reports are repeated at 10:22 pm Thursday and 7:22 am Sunday The foreclosure settlement involving Illinois and 48 other states is much ado about $25 billion, but for homeowners still in a heap of financial trouble, it signifies little besides more ...WFC Settles Foreclosure MessZa […]
- Foreclosure abuse settlement a 'big win' for Obama? - Fox News February 10, 2012Los Angeles TimesForeclosure abuse settlement a 'big win' for Obama?Fox NewsThe Obama administration and 49 states not Oklahoma to clean up this foreclosure scandal, including robo-signing foreclosures. Take a look at the specifics here. Forty-nine of 50 states are signing on again. Not Oklahoma. Includes Bank of America, ...With foreclosure abuse […]
- Foreclosure settlement may result in wave of home seizures - Washington Post February 10, 2012PoliticoForeclosure settlement may result in wave of home seizuresWashington Post10 (Bloomberg) -- The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent US borrowers while making a long-term housing recovery more likely.Bank Settlement Could Spur More ForeclosuresNPRWhy t […]
- Pimco Says Foreclosure Deal Cheap for Banks, Costly for Pension Investors - Bloomberg February 10, 2012BloombergPimco Says Foreclosure Deal Cheap for Banks, Costly for Pension InvestorsBloombergPlay Video The government's deal with banks over their foreclosure practices after 16 months of investigations is cheap for the loan servicers while costly for bond investors including pension funds, according to Pacific Investment Management Co.Bondholders Critic […]
- Foreclosure Settlement, Libor Probe, EBA 'Boost': Compliance - BusinessWeek February 10, 2012Foreclosure Settlement, Libor Probe, EBA 'Boost': ComplianceBusinessWeek10 (Bloomberg) -- Bank of America Corp., JPMorgan Chase & Co. and three other US banks reached a $25 billion settlement with 49 states and the federal government to end a probe of abusive foreclosure practices stemming from the collapse of the housing ...and more » […]
- Foreclosure registry could soon be a reality in St. Petersburg - ABC Action News February 10, 2012ABC Action NewsForeclosure registry could soon be a reality in St. PetersburgABC Action NewsYou can hardly tell by looking at the property in St. Petersburg that a home has been in foreclosure since 2009. But a closer look reveals one of the key reasons why it looks relatively normal in appearance. "They've posted where somebody is ...and more » […]