No help Wells Fargo admitted that, due to a calculation error, it improperly foreclosed on 545 distressed mortgage borrowers after they asked the bank for help. All told, 870 homeowners were denied assistance even though they qualified for it, and more than half eventually lost their homes.
Editors' Note: While this post is not a per se bankruptcy issue, matters on consumer financial services are always in the curtilage of bankruptcy and the U.S. Bankruptcy Code. Our BCLP consumer financial services colleague Cathy Welker is an expert in this area, advising banks, servicers, and other financial institutions on the Byzantine regulatory world…
The recession wiped out Wall Street as the go-to spot for young job recruits and accelerated the surge of elite business talent to Silicon Valley, recruiters and business school advisers say. As foreclosures mounted and the stock market plummeted, Wall Street and the big banks were seen as the culprits that helped cause the Great…
LegalShield's Five Indices Closely Track Key Economic Indicators That Shed Light on the Health and Direction of the U.S. Economy, a Key Concern for State Attorneys General Who Enforce Regulations for Affordable Housing )–LegalShield, one of North America's leading providers of affordable legal plans and identity theft solutions for individuals, families, and small businesses, introduced…
Author contact info: Stefania Albanesi Department of Economics University of Pittsburgh 4901 Wesley W. Posvar Hall Pittsburgh, PA 15260 E-Mail: [email protected] Giacomo De Giorgi Geneva School of Economics and Management Institute of Economics and Econometrics University of Geneva Uni-Mail, 40 Bd. Foreclosure News
As anniversaries go, it's not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007, more than 7.8 million homes have been foreclosed according to a new retrospective, published by CoreLogic, on the ten-year rise and fall of the cycle. Foreclosure News
