BofA and DOJ mortgage settlement deadlocked

Is the FHA about to cut mortgage insurance premiums again? The reduction, which would cut annual mortgage insurance premiums on most FHA loans by a quarter of a percent, was announced last week by the U.S. Department of Housing and Urban Development. The.Home sales for the rich and famous spike while everything else lags A 22-thousand square foot 7 bedroom home, with a 7 car garage on the exclusive island of Indian Creek. That’s where we met Realtor to the rich and famous, Nelson Gonzalez, to give us a "Living.

One stock the Yahoo Finance team will be watching today is Bank of America (BAC) after reports the company is in talks with the Justice Department and several states to pay a $12 billion settlement.

The bank has also conceded that it originated risky mortgage loans and. Bank of America will pay a $5 billion civil penalty to settle the Justice.

DOJ reaches $17B Bank of America settlement In addition to these options, the bank will also be credited for new loans written for creditworthy borrowers who have been shut out of the mortgage.

After reaching a trough in May, mortgage rates have also been on an upward trend with the average on the 30-year fixed loan rising more than a percentage point since then to about 4.70 percent. Interestingly, though, auto and other consumer loan rates, which hew to short-term interest rates, have remained near their historic lows.

Evan, can you or Tom educate us on how to qualify for the DOJ National Mortgage Settlement Program? I’ve been told this program is supposed to be much easier to qualify for but I have yet to see anyone provide us with good details on how they qualified.

Fully extinguished second liens under HAMP hard to come by  · Can I Get A Second Mortgage Modification? January 28, 2014 6 Comments You previously fell behind on your home loan then diligently worked with your lender to successfully mend default with the help of a loan modification.NAR existing home sales increase 2.1% in October The National Association of Realtors (NAR. annual rate of existing home sales in October rose by 1.4% to a seasonally adjusted annual rate of 5.22 million from a total of 5.15 million in September..

Bank of America agreed to this record penalty to settle lawsuits and investigations. It then marketed those residential mortgage-backed securities to. DoJ sent just over $6 billion of that to the Treasury Department, which.

 · FHFA announces .3 billion Settlement With Bank of America Corporation. This settlement also represents an important step in helping restore stability to our broader mortgage market and moving to bring back the role of private firms in providing mortgage credit.. FHFA efforts are in line with other government initiatives to resolve PLS.

June 11 (Reuters) – Bank of America Corp and the U.S. Department of Justice (DOJ) have reached an impasse in negotiating a multibillion-dollar settlement related to the bank’s mortgage investments,

Survey Finds Short Sales Outnumber REO in January Purchases Lenders Make No Material improvement latest survey finds erosion in REALTORS(R)’ satisfaction with lenders LOS ANGELES, Aug 03, 2011 (BUSINESS WIRE) — More REALTORS(R) characterized closing short-sale transactions as "difficult" or "extremely difficult" than late last year, indicating that lenders’ and servicers’ short-sale procedures have shown little improvement in the past six months.

DOJ: Bank of America to pay $17 billion settlement in mortgage case Joint State-Federal National Mortgage Servicing Settlements. – This website provides information on the joint state and federal settlements involving residential mortgage foreclosures and loan servicing. For information about the settlement for which you may be eligible, begin by locating your Mortgage Servicer – the entity to which you sent your monthly mortgage payments up until your foreclosure – from the list below, or clicking on the name of the.