Tag Archives: Loan Modification

Mortgage Cop: Four Top Banks Fail Consumers

“The banks take this very seriously. They were not elated at having failures. I know they’ve spent a lot of money and a lot of time trying to correct their processes in a way that will serve the public better, … Continue reading

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Obama Gets Big ‘No’ On Slashing Mortgage Debt

Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading

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Federal Regulators Hit Banks on Mortgage Practices

Page 1 of 4 | Next PageShow Entire Article It’s not the big penalty from the fifty state attorneys general, but it will hit big bank bottom lines in a big way. The Office of the Comptroller of the Currency, … Continue reading

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Protesters Ream State AGs over Foreclosure Settlement

Page 1 of 2 | Next PageShow Entire Article There is no official settlement. There is no multi-billion dollar fund or penalty and there is no word from Federal Regulators as to how the banks will ultimately “fix” the foreclosure … Continue reading

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