Tag Archives: Ills

Here’s What Is Really Behind Home Price Gains

This is also a repeat sales index, but it is based on a three-month running average. The National Association of Realtors reported median home prices up nearly 12 percent in March, but being a median, that number relies on the … Continue reading

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As Mortgages Improve, Old Ills Still Hit Big Banks

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … Continue reading

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Banks Pay Big for Robo-Signing…Again

The settlement is the result of an independent foreclosure review ordered by the Office of the Comptroller of the Currency in 2011. It required banks to hire independent auditors to go back over loans from 2009 and 2010 to look … Continue reading

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Attention Mortgage Shoppers, Could Walmart Be Next?

They also want better service and transparency. Although most respondents to the survey showed satisfaction with primary banks (81 percent), many expressed frustration that could push them to find a lending alternative. Top on the list of gripes: “slow execution.” … Continue reading

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Bank of America Slashes $4.75 Billion Off Mortgages

As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief.  The bank [BAC  Loading…  … Continue reading

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