A Must Read | Foreclosure Review Insiders Portray Massive Failure, Doomed From The Start

Foreclosure Review Insiders Portray Massive Failure, Doomed From The Start Last January, dozens of independent contractors showed up for their first day of work at a large, single-story Bank of America building in Tampa to right the wrongs of a foreclosure crisis that many had witnessed firsthand. Or so they thought. They were lawyers, paralegals … Read more

Independent Foreclosure Review: Borrower Outreach Mailing and Response Data

Independent Foreclosure Review: Borrower Outreach Mailing and Response Data Overview The Independent Foreclosure Review (IFR) is required by the enforcement actions issued by federal banking regulators in April 2011. These actions were issued against 14 banking organizations for deficient practices in residential mortgage loan servicing and foreclosure processing. Under these actions, servicers were required to … Read more

Oregon Judicial Foreclosures Jump in December

Judicial foreclosures jump in December Court-supervised foreclosures — the alternative to the out-of-court system lenders have favored for decades — jumped in December, a reseller of foreclosed homes reported. Lenders filed 681 judicial foreclosures in 24 Oregon counties where Gorilla Capital operates. The Eugene company buys, redevelops and sells foreclosed homes. November saw 446 judicial … Read more

AIG sues NY Fed over right to sue Bank of America, others

AIG sues NY Fed over right to sue Bank of America, others NEW YORK, Jan 11 (Reuters) – American International Group Inc has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of … Read more