BOSTON -- The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo on Friday in a widely watched mortgage foreclosure case that could have serious implications for the nation's largest banks.
Showing posts with label california foreclosures. Show all posts
Showing posts with label california foreclosures. Show all posts
Tuesday, January 11, 2011
Saturday, November 6, 2010
Wide variation seen in mortgage servicers’ performance
Data suggest a wide variation in how well the firms handle such things as dealing with delinquent homeowners and negotiating loan modifications.
From the Los Angeles Times
Friday, October 22, 2010
Mortgage database’s murky legal status adds another wrinkle to foreclosure mess
Major banks and mortgage lenders are coming down with another legal headache in their efforts to seize properties from homeowners in default.
Read Full Story
From the Los Angeles Times
Friday, October 15, 2010
Banks seize 288,000 homes in Q3, but challenges await
Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without reading the documents.
From the San Francisco Chronicle
California to join multistate inquiry of foreclosures by banks
In late September and early October several major lending institutions began voluntarily halting foreclosures in select states while they reviewed their foreclosure processes. This action is in response to findings that questioned whether some lenders/servicers were following the correct procedures to foreclose on a property.
From the Los Angeles Times
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