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Key states move closer to foreclosure-abuse deal (AP)

Tue, 07 Feb 2012 12:03:19 GMT
Business - Real Estate

AP Enterprise: Brown bank regulator an insider (AP)

Tue, 07 Feb 2012 08:38:09 GMT
AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. More than 40 U.S. states have agreed to a nationwide settlement.

More than 40 states agree to foreclosure deal (AP)

Tue, 07 Feb 2012 02:26:36 GMT
AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.

Mortgage deal faces setbacks, again (Reuters)

Tue, 07 Feb 2012 00:11:21 GMT
AP - More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.

Housing plan helps nearly 1 million homeowners (Reuters)

Mon, 06 Feb 2012 22:26:24 GMT
Reuters - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.

Convicted NY fraudster sentenced in hit plot (AP)

Mon, 06 Feb 2012 21:26:54 GMT

Txera Alonso (L) and Juan Carlos Bezarra, volunteers from the pressure group Berri-Otxoak walk towards the town hall during a Reuters - Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.


Romney focuses on Obama, Gingrich on Romney in NV (AP)

Fri, 03 Feb 2012 23:35:33 GMT

This pool July 8, 2009, file photo, shows Aaron Hand, the president of AFG Financial Group., Inc., appearing in a New York courtroom after he was indicted on charges of enterprise corruption and grand larceny in connection with a mortgage fraud scheme. Hand was sentenced Monday, Feb. 6, 2012, to an additional eight to 16 years in prison for a contract-killing scheme, on top of the eight years and four months to 25 years he's serving for the mortgage fraud. (AP Photo/Pool, Mariela Lombard)AP - Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said.


New York sues banks over electronic mortgage system (Reuters)

Fri, 03 Feb 2012 22:54:10 GMT

Republican presidential candidate, former House Speaker Newt Gingrich speaks at Stoney's Rockin Country, Friday, Feb. 3, 2012, in Las Vegas, Nev. (AP Photo/Evan Vucci)AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.


NY's Schneiderman sues banks in foreclosure effort (AP)

Fri, 03 Feb 2012 22:53:51 GMT
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.

Goldman to face mortgage debt class-action lawsuit (Reuters)

Fri, 03 Feb 2012 17:37:51 GMT
AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.

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