Category Archives: Foreclosed

Mass. AG sues five major banks over foreclosures

By doris | Published: December 1, 2011

Full Story at BottomLine.msnbc.msn.com Massachusetts’ top law enforcement official has sued five top U.S. banks, charging they foreclosed illegally on homes in the state and used deceptive loan servicing practices, including robo-signing. Attorney General Martha Coakley filed suit against Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and GMAC. “The single most important thing [...]

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CNBC: 3 big banks cutting deal on foreclosures

By doris | Published: November 17, 2010

Full Story at  msnbc.com WASHINGTON — Three big U.S. banks are nearing a settlement in which they would compensate borrowers whose homes were improperly foreclosed upon, according to a CNBC report. Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. would also agree not to start foreclosure proceedings until they have [...]

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Cost of seizing Fannie and Freddie surging

By doris | Published: June 20, 2010

Full Story at msnbc.com CASA GRANDE, Ariz. – Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to [...]

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