Tag Archives: Department Of Justice

Housing Crisis: New Rules Hit Mortgage Servicers

The nation’s five largest banks service about half of all mortgages, but recently they have been selling those servicing rights to so-called “specialty servicers,” like Ocwen and Nationstar, whose stocks have been soaring. These companies specialize in delinquent mortgages. The … Continue reading

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Concord investor will plead guilty to foreclosure fraud, authorities say

SAN FRANCISCO — A Concord man has agreed to plead guilty to a conspiracy to rig bidding at public real estate auctions in the Bay Area, authorities said. Norman Montalvo, a real estate investor, was charged with four felonies Thursday … Continue reading

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Banks Fight Mortgage Principal Reduction

Page 1 of 3 | Next PageShow Entire Article At the end of a day-long negotiation session over the foreclosure paperwork mess at the Department of Justice, Iowa Attorney General Tom Miller and Associate Attorney General Thomas Perrelli came out … Continue reading

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