Settlement

Bureau of Consumer Financial Protection Hits Wells Fargo With $1 Billion Fine
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank, assessing a $1 billion penalty against the bank. The Bureau’s action is a coordinated action with the Office of the... Keep Reading....
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A bankruptcy judge issued a $45 million fine and uncommonly harsh language against Bank of America Corp. in a case where a California couple went to court to save their home from foreclosure
 A bankruptcy judge issued a $45 million fine and uncommonly harsh language against Bank of America Corp. in a case where a California couple went to court to save their home from foreclosure.   According to a MarketWatch report, Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento... more
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016
 The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016, while the number of total refinances in the final three months of last year was 750,769.   Furthermore, 27... more
What a difference a year makes: New data from ATTOM Data Solutions has determined there were 5.4 million residential properties seriously underwater
 What a difference a year makes: New data from ATTOM Data Solutions has determined there were 5.4 million residential properties seriously underwater—where the combined loan amount secured by the property was at least 25 percent higher than the property’s estimated market value—at the end of 2016, a... more
The total U.S. loan delinquency rate for December was 4.42 percent, down 0.91 percent from November and down 7.49 percent from one year earlier, according to new data from Black Knight Financial Services (BKFS). There were 59,700 foreclosure starts last month, a 1.16 percent drop from a month... more

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