Written by design on July 3, 2011 – 10:38 am
By: John Van Beekum for The New York Times As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, sometimes with no questions asked. Two of the nation’s biggest lenders, JPMorgan Chase [...]
Written by Randy on May 3, 2011 – 9:01 am
WASHINGTON — The Office of the Comptroller of the Currency announced formal enforcement actions against eight national bank mortgage servicers and two third-party servicer providers for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing. The eight servicers are Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, [...]
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