Between April 2010 and October 2015, a malfunctioning Wells Fargo tool miscalculated whether homeowners would qualify for a federally-backed program to modify mortgage payments and keep their homes. As a result, 625 qualified customers were denied a loan modification, causing at least 400 to lose their homes.
ABA Journal Daily News
I get a surprising number of inquiries from people who want to buy bank owned property. During the height of the housing market crash foreclosures were plentiful. Foreclosure News
With critical help from moderate Democrats like Indiana's Sen. Joe Donnelly, Congress is moving to ease some of the banking regulations imposed after the 2008 financial crisis. The Senate is expected to begin debate Tuesday on a bill that the trade publication American Banker has called the industry's best chance at rolling back financial regulations…
In the pilot, a select pool of consumers will be given free access to EarnUp for a year. EarnUp allows consumers to manage all of their loans via a single dashboard. Foreclosure News
How do you sell a long-vacant Skaneateles mansion that's been so vandalized and caused so much trouble that town officials have started the process to tear it down? Toss in that the place is called a zombie home – an unoccupied and ill-maintained property caught in limbo in foreclosure proceedings – and you have a…
On November 9, the Department of Justice announced its lawsuit against a foreclosure trustee for wrongfully foreclosing on at least twenty-eight servicemembers in violation of the Servicemembers Civil Relief Act , 50 U.S.C. 3953. The SCRA prohibits foreclosure on the home of a servicemember during active military service and for twelve-months after service without a…
