News about Mortgage Loan Forbearance issue #233

by Joe Manausa on February 10, 2012

02/10/2012
ABC7Chicago.com$25 billion deal with banks will assist 60000 in IllinoisChicago TribuneAlthough it releases the five banks from servicing, foreclosure and loan origination lawsuits by state and federa more…
02/10/2012
BofA, JPMorgan in Mortgage Accord, Citigroup in Court NewsBusinessWeekThe settlement doesn't release any criminal liability or grant any immunity, release any private claims by individuals or any more…
02/10/2012
Charlotte Observer$338M awaits N.C. in loan dealCharlotte ObserverIn addition to the $25 billion, the settlement also sets new mortgage servicing standards that include third-party oversight of forecl more…
02/10/2012
BloombergUS settlement puts price on banks' foreclosure abuseThe AustralianAnd there are additional provisions to build up loan-loss reserves, which should cover about $US20bn in principal forgive more…
02/10/2012
Utah to get millions from foreclosure-abuse dealSalt Lake TribuneBy Tom Harvey Utah is receiving an estimated $171 million in money, reductions in mortgage principals and loan modifications as its por more…
02/10/2012
Wells Fargo Announces Details of Agreements with State Attorneys General and …eNews Park ForestConsumer Relief Program: For qualified borrowers with financial hardship and a loan owned and serviced more…
02/10/2012
USA TODAYQuestions and answers on the mortgage settlementUSA TODAY•At least $3 billion for refinancing loans for borrowers current on their mortgages and underwater. •Up to $7 billion will go towa more…
02/09/2012
Foreclosure Deal to Spur Home Seizures, Help Heal the MarketBusinessWeekThe agreement may help about 1 million homeowners with mortgage forgiveness, forbearance or loan modifications, according to Hou more…
02/09/2012
AsiaOneFannie Mae: Principal write-downs pose challengesChicago TribuneFannie Mae, the largest US mortgage finance provider, on Thursday said a plan to reduce loan balances for troubled homeowners had more…
02/09/2012
MassLive.comMassachusetts Homeowners To Receive $318 Million in ReliefPatch.comFannie Mae and Freddie Mac, however, control a majority of the nation's mortgage loans. Leaders of Fannie Mae and Fre more…

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