Reformer staff WILMINGTON – A Vermont judge has agreed to allow a receiver to take over a financially troubled private ski resort in Wilmington. The Berkshire Bank, which has foreclosed on the Hermitage Ski Resort, asked the judge to appoint a receiver to oversee the property during the foreclosure.
The Trump administration will ask Congress to make drastic changes to weaken the independence of the Consumer Financial Protection Bureau, NPR has learned. Sources familiar with the matter, who asked not to be named, tell NPR that the CFPB's interim director, Mick Mulvaney, will ask lawmakers to restructure the bureau in his upcoming semi-annual report…
ABA Journal Daily News
We all remember the failure of Washington Mutual on Sept. 25, 2008, and the resulting catastrophe since 2009. Foreclosure News
Provident Financial Services and Waterstone Financial are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, dividends and risk. Provident Financial Services pays an annual dividend of $ 0.80 per share and has a dividend…
A new lawsuit says Bank of America misled borrowers trying to hang onto their homes, pushing them into foreclosure while it enriched itself off a federal mortgage-modification program. The suit, filed this month in federal court in Charlotte, is the latest to allege the Charlotte-based company abused homeowners seeking to reduce their mortgage payments through…
Wells Fargo said in a filing on Tuesday that an expanded review found additional “errors” that inflated estimates of attorneys' fees for homeowners in the foreclosure process. Legal fees are taken into account when banks determine if customers qualify for mortgage modifications or repayment plans. Foreclosure News
