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Short Sales Become Bank Foreclosure Shortcut
Aug 5th
NEW YORK (TheStreet) -- Banks dealing with lengthy, complicated and frequently messy foreclosures are starting to see "short sales" as a quicker and cheaper way of getting bad loans off their books. The nation's biggest mortgage servicers- Bank of America, JPMorgan Chase and Wells Fargo - are beginning to step up their efforts to ease the short sale process for borrowers who are unsuccessful in ...
Top lenders set for foreclosure settlement: report
Jan 4th
The five largest mortgage loan servicers, including Bank of America Corp and JPMorgan Chase & Co, may be the first to settle with 50 state attorneys general who are investigating foreclosure practices, Bloomberg reported, citing Iowa Attorney General Tom Miller.
Top lenders set for foreclosure settlement: report
Jan 4th
The five largest mortgage loan servicers, including Bank of America Corp and JPMorgan Chase & Co , may be the first to settle with 50 state attorneys general who are investigating foreclosure practices, Bloomberg reported, citing Iowa Attorney General Tom Miller.
Foreclosure Deals to Start With Big Lenders, Iowa Says
Jan 3rd
The 50 state attorneys general probing U.S. foreclosure practices will first settle with the five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co., Iowa Attorney General Tom Miller said.
State Foreclosure Accords Would Start With BofA, Biggest Banks, Iowa Says
Jan 3rd
The 50 state attorneys general probing U.S. foreclosure practices will first settle with the five largest loan servicers, including Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co., Iowa Attorney General Tom Miller said. No settlements have been reached yet, Miller said in a telephone interview today.
BofA, Lenders Face Possible N.J. Foreclosure Freeze
Dec 20th
Bank of America Corp., JPMorgan Chase & Co. and four other mortgage lenders and loan servicers face a possible suspension of home foreclosures in New Jersey by Jan. 19 under a judge’s order.
JPMorgan wants foreclosure problem fixed quickly
Nov 17th
JPMorgan Chase & Co's chief financial officer on Wednesday joined a growing chorus of industry executives calling for a speedy resolution of the probes into the industry's foreclosure practices as a settlement may be on the horizon.
Foreclosure rate drops by 9 percent
Nov 11th
In recent weeks, some lenders that had suspended taking action against borrowers severely behind in payments have announced plans to resume doing so, though at a more measured pace, in an attempt to ensure there aren't any flaws in the process. Lenders such as Bank of America, Ally Financial's GMAC Mortgage and JPMorgan Chase & Co. suspended some or all of their foreclosure activity after the ...
Mortgage Lenders May Meet With States Over Foreclosure Probes This Week
Oct 27th
U.S. state attorneys general investigating foreclosure practices may begin meeting with lenders this week, less than a month after JPMorgan Chase & Co. and Bank of America Corp. suspended some home seizures.
Florida Foreclosure Judge Criticizes Lenders as Sale Cancellations Mount
Oct 26th
The Miami judge managing a backlog of 80,000 foreclosures expressed frustration that lenders including Bank of America Corp. and JPMorgan Chase & Co. continue to cancel foreclosure auctions.