A bankruptcy judge issued a $ 45 million fine against Bank of America Corp., calling the bank's treatment of a California couple who fought to save their home “brazen” and “heartless.” Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento said the bank's mortgage modification process and mistaken foreclosure on Erik and Renee Sundquist's […]
The meteoric rise of Property Assessed Clean Energy financing over the past few years has been surprising even to those working in clean energy finance. Since its inception in 2009, PACE has enabled $ 3.3 billion in renewable energy and energy-efficiency investments in people's homes, $ 2.8 billion of which occurred in 2016 alone. Foreclosure […]
The Democratic front-runner for governor has unveiled a new plan he says would take New Jersey from first in the nation in foreclosures to near first in the nation for affordable housing, courtesy of Wall Street's banks. New Jersey leads the nation in defaulted mortgages, with some 1.9 percent of housing units in New Jersey […]
Newly installed U.S. Treasury Secretary Steven Mnuchin, who will make his first international outing at the Group of 20 meeting of finance ministers on Friday and Saturday, is a banker with an unusual resume. Not quite a household name before being tapped for the Treasury post by President Donald Trump, Mnuchin, 54, came to Washington […]
Donald Trump has won the presidency after narrowly carrying a few states to put him above 270 electoral votes. But… Despite promising to release his tax returns in a televised debate with Hillary Clinton, Donald Trump continues to show that… **NOTE: THE FORM LETTER IS BLANK. Foreclosure News
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Last week, Steven Mnuchin, President Donald Trump's nominee to run the Treasury Department faced a nearly six-hour grilling by Senate Finance Committee Republicans and Democrats, alike. The former Goldman Sachs executive was pressed on a variety of policy and personal issues including his past connections to a California bank seen by some as an unmerciful […]
Treasury Secretary-designate Steven Mnuchin arrives on Capitol Hill in Washington, Thursday, Jan. 19, 2017, to testify at his confirmation hearing before the Senate Finance Committee. Mnuchin built his reputation and his fortune as a savvy Wall Street investor but critics charge that he profited from thousands of home foreclosures as the chief of a sub-prime […]
The housing collapse during the Financial Crisis keeps on giving. On Friday, Invitation Homes, a creature of private-equity firm Blackstone, and largest landlord of single-family rental homes in the US, filed with the SEC to raise up to $ 1.5 billion in an IPO. Foreclosure News
On a chilly December afternoon in Atlanta, a judge told Reiton Allen that he had seven days to leave his house or the marshals would kick his belongings to the curb. In the packed courtroom, the truck driver, his beard flecked with gray, stood up, cast his eyes downward and clutched his black baseball cap. […]