WASHINGTON – Only one in three homeowners who have signed up for the Obama administration’s mortgage relief plan have sent back the necessary paperwork, highlighting continuing problems for the government’s effort to stem the foreclosure crisis. The …
WASHINGTON (AP) – Only one in three homeowners who have signed up for the Obama administration … borrowers,” according to written remarks from Jack Schakett, Bank of America’s credit loss mitigation strategies executive. But those explanations only …
A 27-year-old Webster man has admitted to bilking more than $7 million from at least 15 mortgage companies. Dustin LaFavre pleaded guilty Monday in U.S. District Court to one count of conspiracy to commit mail and wire fraud. In his plea agreement …
MEREDITH, N.H. — New questions are being raised about a closed Meredith mortgage company and the agencies that are responsible for regulating loans. The state Securities Commission released documents Tuesday afternoon that highlight concerns about …
CHARLOTTE, N.C. (AP) – JPMorgan Chase & Co.’s CEO said Tuesday that the bank sees additional losses on home loans next year even as the economy shows slight improvements. Jamie Dimon told investors at the Goldman Sachs U.S. Financial Services …
WASHINGTON, Dec. 8 /PRNewswire-USNewswire/ — Robert Corp, a mortgage underwriter in Syracuse, N.Y., has agreed to pay the United States close to $679,000 to settle allegations that he defrauded the U.S. Department of Housing and Urban Development …
A 27-year-old Webster man has admitted to bilking more than $7 million from at least 15 mortgage companies. Dustin LaFavre pleaded guilty Monday in U.S. District Court to one count of conspiracy to commit mail and wire fraud. In his plea agreement …
Brent White denies advocating walking away from a mortgage that is bigger than the value of a home. Nonetheless, he lays out a case of how it can be done, and his suggestions have gone viral. It’s a move that can save some people money, but at the …
Bank of America Corp. (NYSE: BAC) said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008, according to Associated Press. Free Hot Penny Stocks, an online financial publication …
Lawmakers, regulators and industry veterans continue to wrap their minds around the 31% debt-to-income ratio targeted in many federal mortgage workout plans. The ideal 31% ratio can be achieved through various methods, including principal reduction …
