Tag Archives: National Mortgage

As Mortgages Improve, Old Ills Still Hit Big Banks

Posted on May 6, 2013 by sheri

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … Continue reading →

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Mortgage Fix Failing at ‘Alarming Rate’

Posted on April 26, 2013 by sheri

A new report from Special Inspector General for the Troubled Asset Relief Program points to disturbing numbers, but offers no reason for the high rates. Treasury’s data shows that the longer a homeowner remains in HAMP, the more likely he … Continue reading →

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REAL ESTATE: California awards $9.4 million to homeowner help agencies – Press

Posted on April 19, 2013 by sheri

Posted on | April 18, 2013 | Comments Twenty-one organizations on Thursday landed a total of $9.4 million in grants from California’s National Mortgage Settlement Grant program, Attorney General Kamala Harris said. Five of the agencies — named below — … Continue reading →

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Banks Violate National Mortgage Settlement and CA Homeowners Bill of Rights …

Posted on April 3, 2013 by sheri

WASHINGTON, D.C. – April 3, 2013 – (RealEstateRama) — A new survey of housing counselors in California reveals that banks are violating several consumer protections that were mandated by the $26 billion National Mortgage Settlement (NMS) and the California Homeowners … Continue reading →

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REAL ESTATE: Mending a world of hurt – Press

Posted on February 2, 2013 by sheri

Home prices are rising. Banks are working out loan modifications and short sales in bigger numbers. Foreclosure filings have taken a precipitous fall — more than 35 percent — across Inland Southern California in recent months from the level they … Continue reading →

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Short sales in California surpass sales of foreclosed homes

Posted on January 9, 2013 by sheri

When housing prices first went off the cliff, most mortgage lenders refused to cut deals with homeowners, choosing instead to repossess homes on a grand scale. Five years and billions of dollars in losses later, many banks can’t cut those … Continue reading →

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California homeowners getting relief from bank settlement

Posted on November 20, 2012 by sheri

Easing some of California’s housing headaches, nearly 62,000 homeowners statewide got roughly $8.2 billion in mortgage relief between March and September this year, according to a report released Monday by the California Monitor for the National Mortgage Settlement. “The banks … Continue reading →

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Builders Bump Up Thanks to Drop in Existing Home Supply

Posted on November 20, 2012 by sheri

Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading →

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Bank of America Slashes $4.75 Billion Off Mortgages

Posted on November 15, 2012 by sheri

As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief.  The bank [BAC  Loading…  … Continue reading →

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REAL ESTATE: Wells Fargo on mortgage help for CA – Press

Posted on September 1, 2012 by sheri

Posted on | September 1, 2012 | Comments Wells Fargo Co. this week reported that nearly one-third of 27,090 homeowners it has worked with under the National Mortgage Settlement are from California. The Office of Mortgage Settlement Oversight was told … Continue reading →

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