A federal judge will allow Wells Fargo's ( WFC +0.7% ) dreaded foreclosure manual into evidence in the bankruptcy case of a former homeowner. The homeowner's lawyer alleges the manual is "a blueprint
housing recovery. It was already fairly well known that existing-home sales would be down in 2014 compared with 2013 (fewer foreclosures and distress sales), but new home sales were expected to see a very good year in 2014. In general, predictions were for
WASHINGTON, April 10 (Reuters) - The number of U.S. home foreclosure filings slid 23 percent in March from a year ago, helping bring first-quarter foreclosure activity to its lowest level since the...
NEW YORK, April 8 (Reuters) - A lawsuit has been unsealed accusing OneWest Bank FSB, a lender once known as IndyMac Bancorp Inc, of causing the U.S. government to improperly pay out $206 million under a federal program to help struggling homeowners avoid foreclosure .
the notional on those loans. Then RESI is supposed to resolve the loans (through refinancing, payment, short-sales, foreclosures , etc) and either get paid or get the underlying real estate (REO). When RESI gets the real estate it then either sells
the bank on how to fabricate missing documents to speed foreclosures . Other than acknowledging existence of the manual and claiming ..... and they didn’t just order it to prosecute the foreclosure .” Post your comment!
March 13 (Reuters) - The Consumer Financial Protection Bureau is probing "zombie" foreclosures , a phenomenon first revealed by Reuters last year..
third subpoena was issued seeking information regarding claims for costs that are incurred by foreclosure counsel in connection with the foreclosure of loans insured or guaranteed by the FHA, Fannie Mae or Freddie Mac. In addition, PNC disclosed
on improved sales (with units sold up 9% year to date), lower loan loss provisions (reflecting comparatively lower foreclosures volume and loss rates), and increased net interest income. With the economy (and, more importantly, the job market
the New York Times and the Wall Street Journal, enumerated a host of surefire growth killers for 2013: persistent housing foreclosures , weak consumer spending, government deficits, high unemployment and “unsustainable” corporate profit margins. He