National Mortgage Settlement Summary
According to the National Mortgage Settlement web site, 49 state attorneys general and the federal government reached agreement to settle a long-running dispute with the country’s five largest loan servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. The settlement will provide as much as $25 billion in relief to distressed borrowers and […]
Victims of Improper Bank Foreclosures May Have Help
Thanks to Dan Fitzpatrick of The Wall Street Journal for his August 3, 2011, article, page C3 “Bank of America in Loan-Foregiveness Talks”. As many of you probably know there has been heated litigation concerning mortgage foreclosures in the past several years. Clever foreclosure defense attorneys have been raising arguments like lack of standing and […]