Senate confirms criminal division chief who represented Russian bank
ABA Journal Daily News
Bank managers ignored major flaws in foreclosures
A woman walks past a Wells Fargo Home Mortgage office in La Habra, Calif., Thursday, Oct. 7, 2010. Rates on 30-year mortgages fell to a new low for the ninth time in 12 weeks, pushed down by traders anticipating a likely move by the Federal Reserve to pump more money into the economy. Foreclosure News
World Bank boosts Nigerian housing sector with $300m loan
Director of Other Financial Institutions Supervision of the CBN, Mrs. Tokunbo Martins, disclosed this at the workshop on Model Mortgage and Foreclosure Law organized for Attorneys General of the states, as well as federal and state legislators in Abuja yesterday. She revealed that the loan was given to Nigeria on a generous term with a […]
Federal Court Allows City’s Discrimination Suit Against Large National Bank
Recently, the U.S. District Court for the Northern District of California allowed a complaint filed by the city of Oakland against a large national bank, alleging both intentional and disparate-impact racial discrimination in the bank's mortgage loan practice. While the court allowed the suit to go forward, it did dismiss claims based on an allegation […]
Amid shortage, land bank builds affordable homes
The Kent County land bank executive director searched online for homes listed between $ 169,000 and $ 200,000 across Kent County. “There's 88 homes for sale in the entire county at that price point,” Allen explained to 24 Hour News 8 Monday. Foreclosure News
Us Bank National Association v. Dedomenico
RADIX, JOSEPH J. MALTESE, JJ.Ronald D. Weiss, P.C., Melville, NY, for appellants. Hogan Lovells U.S. LLP, New York, N.Y. , for respondent. Foreclosure News
R. Kinsey Brooks, Susan K. Brooks, Appellants-Defendants, v. Bank of Geneva, Appellee-Plaintiff.
ATTORNEYS FOR APPELLANTS, Andrew L. Teel, Daniel J. Skekloff, Sarah L. Schreiber, Haller & Colvin, P.C., Fort Wayne, Indiana ATTORNEYS FOR APPELLEE, Scott E. Shockley, James R. Williams, Christopher L. Bills, Nicholas M. Tokar, Michael L. Wilhelm, Muncie, Indiana [1] Bank of Geneva petitions for rehearing following our decision in Brooks v. Bank of Geneva, […]
Bank of America destroyed documents as borrowers tried to save their homes, suit says
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 […]
Bank pitches receiver’s role at Hermitage properties
Berkshire Bank has submitted to the court a wish list of responsibilities it wants the receiver to have as he safeguards the Hermitage Club properties until they go to auction in a foreclosure. “The receiver shall file monthly reports with the court that explain the services rendered by receiver in narrative form,” Elizabeth Glynn, attorney […]
Thunderbird Tactical gun range closed less than a week after bank seeks foreclosure
Less than a week after a bank sought to foreclosure on Thunderbird Tactical, the Wichita firearms shop and indoor shooting range is closed. Ryan and Jennifer Pennock, in a Facebook post this weekend, said they made the decision to close their business on Friday. Foreclosure News