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April 30, 2013 - 8:46pm | Filed under: Mortgage, Real Estate & Housing

That’s what we’d like to know.  In February 2012, State Attorneys General, working with the Department of Justice and HUD, announced a 49 state, $26 billion National Mortgage Settlement (NMS) with the 5 largest mortgage servicers (Ally Financial, Bank of America, Citigroup, JP...

May 18, 2012 - 6:35pm | Filed under: Mortgage, Real Estate & Housing

As part of the recent $25 billion settlement with 49 State Attorneys General, the Department of Justice and HUD, the 5 major servicers agreed to pay the states $2.5 billion, which could be used to...

March 16, 2012 - 5:31pm | Filed under: Mortgage, Real Estate & Housing

The problem of force-placed insurance abuses is under increased scrutiny at the federal level.  Recently, Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) announced...

February 24, 2012 - 4:56pm | Filed under: Mortgage, Real Estate & Housing

Yesterday, NACA, along with the National Consumer Law Center (NCLC) and the National Association of Consumer Bankruptcy Attorneys (NACBA) released...

February 16, 2012 - 5:21pm | Filed under: Mortgage, Real Estate & Housing

Last week, State Attorneys General, working with the Department of Justice and HUD, announced a much anticipated 49 state, $25 billion settlement  that resolves their investigation into robosigning and other foreclosure...

February 7, 2012 - 7:04pm | Filed under: Mortgage, Real Estate & Housing

Last Friday, the Obama Administration...

December 2, 2011 - 5:03pm | Filed under: Mortgage, Real Estate & Housing

I was thrilled to see Massachusetts AG Martha Coakley file a lawsuit against five major banks and MERS for their egregious and fraudulent behavior in foreclosing on homeowners:...

November 10, 2011 - 3:11pm | Filed under: Mortgage, Real Estate & Housing

In 2009, Obama released the original economic stimulus plan, Home Affordable Refinance Program (HARP), which was designed to stabilize communities hit by foreclosures or abandonment. At the end of October, Obama pitched his latest proposal to attempt to relieve the economic and political fallout of a housing crisis that has hindered him as he seeks a second term in office. He has decided that it is not worth waiting for a dysfunctional Congress to take the first steps.
 

August 18, 2011 - 5:43pm | Filed under: Mortgage, Real Estate & Housing

Now several years into the housing crisis more than 7.5 million homes have entered into foreclosure, with millions more still at risk.  Most federal government and private initiatives to stem the tide of foreclosure have fallen short in the face of continued poor economic conditions as well...

July 5, 2011 - 1:18pm | Filed under: Mortgage, Real Estate & Housing

A day doesn’t pass without a friend, neighbor, reporter, Congressional or regulatory staffer asking me – so –what are we going to solve the housing crisis?

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