Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest mortgage servicer, and investors in its troubled mortgage securities.
For struggling borrowers in better financial shape, the outcome [...]
RISMEDIA, June 30, 2011—Even with home sales and prices continuing to fall nationwide, millions of Americans will still navigate the process of buying and selling homes this summer, and for many, the sheer volume of details and decisions can be overwhelming. With so much to consider when buying or selling a [...]
Bank of America has agreed to pay investors $8.5 billion to compensate them for Countrywide’s dealings years before the subprime lender was acquired by BofA.
The company said in a statement Wednesday that the settlement resolves “nearly all” of its repurchase exposure stemming from legacy first-lien residential mortgage-backed securities (RMBS) issued by [...]
RISMedia, June 10, 2011—Despite the ups and downs of the housing market, home owners and non-owners alike consider owning a home essential to the American Dream.
That’s the key finding of a recent survey of people likely to vote in 2012 that was conducted on behalf of the National Association of Home [...]
As the nation’s housing market continues to teeter, the Treasury Department on Thursday penalized three of the nation’s largest banks for subpar performance in administrating a government-sponsored program to modify mortgage loans for distressed homeowners.
A demonstration outside of a Wells Fargo shareholders meeting in San Francisco. Some have accused the banking giant [...]
Struggling homeowners seeking help from the Obama administration’s foreclosure prevention program have in many cases had negative experiences, a congressional report said on Thursday.
Three-fourths of the some 400 housing counselors involved in the process characterized borrowers’ overall experience with the housing program as “negative” or “very negative,” according to the Government [...]
You see too much effort by the media trying to paint a pretty picture when reporting that foreclosure filings have been slowly falling lately. But the reality is that the lenders are choked by paperwork and faulty foreclosure processes more than anything else. There still remains a large number of homeowner’s that are significantly past [...]
By Janet Fowler
If you’re considering selling your home, there are a number of factors you should consider regarding the resale value of your property. Some of these issues may devalue your home or scare some potential buyers away entirely, even if your home is an otherwise outstanding property.
Consider these [...]
Remodeling your home is one of the quickest, most cost effective ways to increase the value fo your home and decrease the time to sell your home. The old saying goes “kitchen and baths sell homes”. However, it is possible to overdo a good thing. You do not want to over improve your home for [...]
First it was Bank of America paying outrageous sums of money to their executives, now Wells Fargo. They have to know this is going to be public knowledge. Apprently they just don’t care!
- James
What do you call a mega bank who, just coming off robo-signing scandal issues, pays its CEO $17.56 million in compensation in 2010? [...]
