LPS’ Mortgage Monitor Report Shows Average Loan in Foreclosure Is Delinquent for Record 599 Days

  LPS’ Mortgage Monitor Report Shows Average Loan in Foreclosure Is Delinquent for Record 599 Days; First-Time Foreclosure Starts Near Three-Year Lows JACKSONVILLE, Fla., Aug. 30, 2011 /PRNewswire via COMTEX/ — The July Mortgage Monitor report released by Lender Processing Services, Inc. LPS -0.33% shows that foreclosure timelines continue their steady upward trend, as a … Read more

Amended Complaint | Nevada Wallops Bank of America with Sweeping Suit; Nation-wide Foreclosure Settlement in Peril

Nevada Wallops Bank of America with Sweeping Suit; Nation-wide Foreclosure Settlement in Peril by Paul Kiel ProPublica This post has been updated to reflect Bank of America’s response. The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning the narrow case it filed late last year into a broadside that targets … Read more

Letter | Merkley Urges Obama to Include Mortgage Help, Energy Efficiency Programs in Jobs Agenda

Merkley Urges Obama to Include Mortgage Help, Energy Efficiency Programs in Jobs Agenda Portland, OR – Next week, President Barack Obama plans to lay out an agenda to jumpstart the American economy and create jobs.  Oregon’s Senator Jeff Merkley is urging him to use that opportunity to take aggressive action to keep families in their … Read more

Federal Housing Finance Agency Action Regarding Court Consideration of Proposed Bank of America $8.5 Billion Settlement

Federal Housing Finance Agency Action Regarding Court Consideration of Proposed Bank of America Settlement The Federal Housing Finance Agency (FHFA), in its capacity as conservator of Fannie Mae and Freddie Mac (the Enterprises), today filed an Appearance and Conditional Objection regarding the proposed settlement between Bank of America and a consortium of 22 investors being … Read more

Complaint and Exhibits | BofA Sued Over $1.75 Billion Countrywide Mortgage Pool in U.S. Bank NA v. Countrywide Home Loans Inc

BofA sued over $1.75 billion Countrywide mortgage pool NEW YORK/CHARLOTTE, North Carolina (Reuters) – Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in how they were made. The lawsuit by the banking … Read more

LIES | Bank of America Kept AIG Legal Threat Under Wraps

Exclusive: Bank of America kept AIG legal threat under wraps (Reuters) – Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Bank of … Read more

Homeowners Seek to Block Bank of America $8.5 Billion Settlement

Homeowners Seek to Block Bank of America Settlement The legal onslaught continues for Bank of America. On Tuesday, several homeowners filed suit in the Federal District Court in Manhattan seeking to block a proposed $8.5 billion settlement between Bank of America and major mortgage investors including BlackRock, Pimco and the Federal Reserve Bank of New … Read more

‘Biggest Case In Ohio F’closure Law In A Century’ Takes Unusual Turn; Homeowner’s Mtg. Debt Mysteriously Disappears; Banksters, Lawyers: ‘No Comment!’

“The Duvall case seemed like a good one for the state Supreme Court to rule on to settle the issue but it has taken an unusual twist. You might even call it another bank snafu. The homeowner, Duvall, now owes nothing on his mortgage because – in an action unrelated to the Supreme Court case … Read more