Attorney General of Florida is Criticized for Not Following Up Investigations Against Mega Mortgage Lenders in the Middle of Persisting Foreclosure Crisis
Tuesday, April 3rd, 2012
Pam Bondi, the Attorney General of Florida is facing criticism for not stepping up investigations against the big banks for foreclosure fraud; rather she is being soft on them. A coalition group (non-profit) is scheduled to hold events in Orlando and Miami on this. Bondi’s office denies these charges saying she has increased number of investigators.
Thursday, November 3rd, 2011
Few other businesses have thrived so much during these crisis years as that of Klein located in the green suburbs of Cleveland, 15 miles distant from the city. Safeguard Properties started off from 1990 with the help of one employee. What debuted as a modest local firm has today become the biggest company dealing with looking after foreclosed houses.
Friday, February 18th, 2011
Although there is pressure from top ranking federal regulators to bring improvements in servicing the market is determined by the securities sold to investors by banks. Agreements are made between banks and servicers but some clauses are so vague that servicers can work against the interests of lenders and borrowers.
Tuesday, January 25th, 2011
Citigroup has raked in sunny profits but underlying it are grey clouds linked with losses from foreclosed mortgages. Despite this Citigroup is continuing to sell sub-standard mortgages. The problems facing Citigroup calculates to $100 million. Freddie Mac investigations have found these anomalies.
Wednesday, December 22nd, 2010
Tweet In New Jersey, the housing market is the most favorable. If you have any unsecured debts, you can pay them off with the help of various debt solutions and then get a house for yourself. But the previous housing market has made the first-time home buyers a bit apprehensive of investing in homes. They’re [...]