National Mortgage Settlement: Bank Forecloses Even As Carrie Haskamp Pursues Loan Modification
The good news was waiting for Carrie Haskamp on her answering machine one September afternoon. Her bank had agreed to change the terms of her mortgage loan so that she could catch up on her missed payments and keep her rural Minnesota home.
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Borrowers Have Until July For Foreclosure Review
Borrowers seeking a review of their mortgage foreclosures to see if they are eligible to receive compensation or other remedies because of errors in foreclosure actions on their homes have three more months until July 31 to submit their requests to bank regulators, according to releases by the Federal Reserve and Office of the Comptroller of the Currency Wednesday.
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California Audit Finds Broad Irregularities in Foreclosures
The findings raised questions about whether some foreclosures should be considered void.
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Citigroup pays $158M to settle mortgage fraud
Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit duped the U.S. government into insuring risky mortgage loans for over six years.
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Military gets foreclosure deal
Members of the military who were victims of wrongful foreclosures will receive substantial compensation from their mortgage servicers.
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