Litigation costs mount at BofA, Chase over foreclosure, mortgage issues. BofA reported $1.9 billion in litigation expenses for the second quarter, most of it related to its foreclosure and mortgage issues. It’s an increase from $785 million for the previous quarter.
The Cost of Mortgage Foreclosure Litigation. Foreclosure litigation is a legal brier patch that can lead to the loss of your home, even if you prevail in court. Here’s the reason: the lawyer that you hire may end up being so expensive that you lose your home when paying your fees.
$1 billion in MSRs just became available I’m talking about investment vehicles that have market caps between $1 billion and $3 billion. They’re plenty liquid enough for you and me, but not for the big institutional investors that hold two-thirds of all shares in public stocks.
HAMP Trial Period Plan (TPP) Contract Claims NCLC, with its co-counsel, has filed five class action suits on behalf of Massachusetts residents to challenge the way the nation’s major banks and mortgage servicers are implementing the Home Affordable Modification Program. The lawsuits cite the failure of Wells Fargo Bank, Bank of America, Litton Loan Servicing, [.]
Las Vegas September home sales buoyed by move-up buyers All 20 cities in the index showed a year-over-year gain, led by a 10.3 percent rise in Miami and a 9.1 percent advance in Las Vegas. officer of Beazer Homes USA Inc., an Atlanta-based builder that.
He represented mortgage insurer PMI Group Inc. in a settled lawsuit over similar issues against General Electric. against bond underwriters. JPMorgan Chase & Co. analysts said in an Oct. 15 report.
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National housing market slows as Texas heats up Houston’s condominium market is starting to heat up as developers embark on a new wave of projects:. despite a couple of slow sales months. Local and national experts have. – Reporter.
A Texas widow and her family have filed a lawsuit against JPMorgan Chase and others, alleging that their efforts to refinance their mortgage with the bank only resulted in foreclosure, heartache.
Foreclosure specialist sues Bank of America over. foreclosure. Bondi’s problems with Bank of America began in 2008 when the Charlotte, N.C. -based bank took over his two mortgages from Countrywide Home Loan.. Almost $70,000 was due on the second mortgage, according to the lawsuit.
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Ray and Peggy Pierce Hollister, California Homes for Sale. Litigation costs mount at BofA, Chase over foreclosure, mortgage issues |458.. Ray and Peggy Pierce Hollister, California Homes for Sale
Some states require a judicial review of foreclosures, which means that a court filing must be completed before the foreclosure goes through. Some states, however, do not require a judicial review.