Tag Archives: Scandal

Mortgage Fix Failing at ‘Alarming Rate’

A new report from Special Inspector General for the Troubled Asset Relief Program points to disturbing numbers, but offers no reason for the high rates. Treasury’s data shows that the longer a homeowner remains in HAMP, the more likely he … Continue reading

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Big Banks Pushed to Outsource Mortgages

In the wake of the financial crisis and still in the midst of the foreclosure mess, the Consumer Financial Protection Bureau announced new rules for mortgage servicers designed to protect borrowers and get them faster, more effective and informative service.  … Continue reading

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Best Places to Build Your High-End Vacation Home

Page 1 of 2 | Next PageShow Entire Article Hammers are coming down on the high end again, as the ritziest in real estate finally come out of hiding. Vacation homes in some of the most coveted locales are seeing … Continue reading

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Bay Area foreclosure slowdown continues

Foreclosure activity in both the East Bay and the Bay Area fell in February as lenders made changes to foreclosure procedures in response to the robo-signing scandal. February’s numbers were a reversal of what happened in January, when the number … Continue reading

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Will Banks Be Forced to Reduce Loan Principal?

Page 1 of 5 | Next PageShow Entire Article I’m reporting today from a Wells Fargo two-day mortgage modification event in Portland, OR. This is the 20th such event WFC has held since September of 2009, meeting face to face … Continue reading

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