countrwide obama loan modification latest news


A Face Of The Latino Foreclosure Crisis (VIDEO) - Huffington Post (blog)


A Face Of The Latino Foreclosure Crisis (VIDEO)
Huffington Post (blog)
Cristina and her husband applied for a loan modification through President Obama's program. They didn't qualify. Obama's new plan is to give "every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at ...

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Analysis: Banks expect to spend less on bad mortgages - Reuters


Analysis: Banks expect to spend less on bad mortgages
Reuters
By Rick Rothacker and David Henry (Reuters) - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.

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As Mortgage Settlement Deal Nears, Nevada AG Raises Important Concerns - Huffington Post


As Mortgage Settlement Deal Nears, Nevada AG Raises Important Concerns
Huffington Post
Bank of America, which now owns Countrywide, agreed to offer as much as $8.4 billion in loan modifications and foreclosure relief to 400000 homeowners victimized by Countrywide's mortgage fraud. But as of June 30, just roughly $216 million in payments ...

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California not among states that OK bank settlement - Los Angeles Times


Los Angeles Times
California not among states that OK bank settlement
Los Angeles Times
The proposed settlement had hung in limbo most of the day as California and other key states pushed past the Monday deadline — an extension of a Friday deadline — to try to get better terms for homeowners from the nation's five major loan servicers.

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Edge on Broken Banking - The Cutting Edge


The Cutting Edge
Edge on Broken Banking
The Cutting Edge
“I thought I was doing the correct thing” by obtaining a loan modification, Cassandra Gray said in a recent interview. “But I came home one day and there was a foreclosure notice on my door and a sign in my yard. I called constantly, but it was as if ...

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Raging Against The Foreclosure Machine - NJ TODAY


Raging Against The Foreclosure Machine
NJ TODAY
“I thought I was doing the correct thing” by obtaining a loan modification, Cassandra Gray said in a recent interview. “But I came home one day and there was a foreclosure notice on my door and a sign in my yard. I called constantly, but it was as if ...

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Mortgage hurricane warning from Florida businessman went unheeded - Sarasota Herald-Tribune


Mortgage hurricane warning from Florida businessman went unheeded
Sarasota Herald-Tribune
By GRETCHEN MORGENSON Years before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game. His name is Nye Lavalle, ...

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Foreclosure Crisis Erases Hard-Won Wealth, Dreams Even In Center Of Black ... - Huffington Post


Foreclosure Crisis Erases Hard-Won Wealth, Dreams Even In Center Of Black ...
Huffington Post
At the height of this shady lending, 2004 to 2008, the greater Washington area ranked among Countrywide's top 10 targets, according to the Justice Department. The Otigbas and most of their neighbors borrowed from Countrywide. These types of loans have ...


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Simon Johnson on the Proposed Foreclosure Fraud Settlement: “This is a law ... - Firedoglake


Simon Johnson on the Proposed Foreclosure Fraud Settlement: “This is a law ...
Firedoglake
DD: What about the fact that in 2008, state AGs reached a settlement on Countrywide loans over origination fraud, where Bank of America, its parent, promised to make loan modifications, and as Nevada AG Catherine Cortez Masto put it in an August 2011 ...

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Obama Administration propaganda on prosecuting elite financial frauds - Credit Writedowns


Obama Administration propaganda on prosecuting elite financial frauds
Credit Writedowns
By William K. Black The Obama administration's record of prosecuting elite financial frauds is worse than the Bush administration's record, which is a very large statement. Syracuse University's TRAC issued a report on November 11, 2011 entitled ...


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