Archive of posts tagged settlement

Obama’s Investigative Unit: Absolving Iniquities or Slowing Progress?

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New York Attorney General Eric Schneiderman has reportedly been designated a co-chair of President Obama’s newly announced investigative team to probe the mortgage industry for past misconduct. In his State of the Union address this week, Obama announced the creation of “a special unit of federal prosecutors and leading state attorneys general” to examine the …

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California Activists Call for Foreclosure Moratorium

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Two California divisions of the Occupy Wall Street movement – Occupy LA and Occupy Santa Cruz – are beginning to focus their efforts on halting foreclosures. Mario Brito, leader of Occupy LA, announced a plan this week to pressure both banks and government officials to impose a foreclosure moratorium, according to the Associated Press. Brito’s …

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Lenders may closely monitor borrowers for life of a loan

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In a kind of crisis intervention, IndiSoft is working on computer programs that track borrower behavior so that if a life-changing event occurs, steps can be taken to ensure timely payments are made. The day is coming when lenders will no longer turn their clients loose after they leave the closing table, never to be …

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Refinancing now could be better than waiting for mortgage rates to drop further

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Refinancing now could be better than waiting for mortgage rates to drop further Mortgage rates on 30-year, fixed rate loans are hovering near the lowest level on record since 1951. While some home buyers are putting their home purchases on hold hoping rates will go even lower, many industry experts are advising homeowners with rates …

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