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CALIFORNIA MORTGAGE BORROWERS
Wells Fargo agrees to $56.85 million settlement — check if you qualify for a payoutWells Fargo will pay $56.85 million to settle a class-action lawsuit alleging credit score harm due to misreported COVID-19 mortgage forbea...- Mortgage delinquencies hit record high in Q2And the layoffs keep coming. Lockheed Martin Corp. said this week it's handing out about 800 pink slips in its space systems division, and ...
- Falling prices drag 8 mn US mortgages underwaterMore than 8.3 million US mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut...
- Citigroup bailout may help some homeownersUS govt's multibillion-dollar bailout of Citigroup Inc requires the giant financial services company to lower loan rates for struggling hom...
- Big banks step up efforts to modify mortgagesMajor banks are stepping up their efforts to curtail losses from souring mortgages, with Citigroup Inc. becoming the latest institution to ...
- Citigroup to help at-risk borrowers stay in homesCitigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers. 2008...
- Citigroup plans to halt some foreclosuresCitigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remai...
- Bank of America settles lawsuit over bad mortgagesBank of America Corp subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes.
- Florida tops Q1 US mortgage fraud listReported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industr...
- US foreclosures double on falling pricesUS foreclosure filings more than doubled in the second quarter from a year earlier as falling home prices left borrowers owing more on mort...
- Federal Reserve ready to give US home buyers more protectionConfronted by record foreclosures, the Federal Reserve is ready to give US home buyers more protection from the types of shady lending prac...
- Wachovia quits offering risky mortgage loanBeleaguered consumer bank Wachovia Corp said on Monday it will quit offering a mortgage payment option that allows borrowers to pay less ea...
- Hard facts: US home loan foreclosures surge 65%More US homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65% versus the same month...
- Bank of America to modify home loansBank of America Corp said on Monday that, as part of its acquisition of Countrywide Financial Corp it expects to modify at least $40 billio...
- Countrywide under FBI scannerFinancial, the largest US mortgage lender, is under investigation by the Federal Bureau of Investigation (FBI) for possible securities frau...
- US tries to prolong growth with subprime rate freezeThe 3-year housing slump is pushing home values down in the US, even as more than 30% of borrowers with subprime-adjustable rate mortgages ...
- US mortgage crisis may worsen in 2008An escalating mortgage crisis will push another 1.4 million US homes into foreclosure and drive nationwide property values lower by 7% next...
- Mortgage industry faces pressure to lend a hand to borrowersCountrywide Financial, the US’s largest mortgage lender, said it will begin calling borrowers to offer refinancing or modifications on $16 ...
- Banks pick up where Fed left off, restricting access to creditBanks are picking up the baton from the Federal Reserve, restricting access to credit months after chairman Ben S. Bernanke stopped raising...
- Parsec Loans receives $3.3 mn from BPEP IndiaParsec Loans, as part of Parsec Interact Inc, a US Corporation focused on the mortgage Industry in the US, recently concluded a funding arr...
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