As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.
The Bank of America tower in Atlanta has taken the U.S. foreclosure crisis to new heights. The 55-storey tower, situated in Atlanta, is set to be sold at an open outcry auction Tuesday after landlord Bentley Forbes missed mortgage payments.
The domestic economic evidence in the U.S. has remained upbeat in early 2012, with a much better than expected employment report for January being the latest piece of good news according to the report by IHS Global Insight.
A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
The lawsuit accuses banks of creating a registry service that fails to accurately track mortgage ownership and lacks any legal authority to initiate foreclosures.
Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
Tracy Morgan may be attracting more attention for his behavior lately than his comedy. In addition to accusations of neglecting his mother, Morgan made a memorable appearance on the Jimmy Fallon Show this week. I grew up with Tom Brady, Morgan said on the talk show last night in Indiana. We was both in special-ed school together. Tom Brady used to wear a crash helmet on the little bus, spit on the window.
It's no joke: Roseanne Bar, the comedian best known for '80s sitcom Roseanne, is running for the Green Party's nomination in a bid to become President of the United States. What's her platform? How is she ranked among the other Green Party candidates? And does Roseanne Barr actually have a chance?
The Bank of America is no longer the nation's biggest mortgage servicer in the U.S., according to the latest report.
Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Tracy Morgan's mother is pleading for her son's help after struggling financially and facing foreclosure. Morgan, however, does not plan to help her.
Morgan’s book delved into his troubled relationship with his mother and his father, who was a Vietnam veteran and heroin addict, who later died of AIDS.
U.S. 30-year fixed-rate mortgage rates dropped to another record low of 3.87 percent in the week ending Feb. 2, down from 3.98 percent in the previous week, according to Freddie Mac.
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
