Sentences with phrase «foreclosure practices by»
The reviews are part of the mortgage servicer requirements called for by regulators after an investigation last fall revealed improper foreclosure practices by banks.
http://realtormag.realtor.org/ Not exact matches
In a defense outlined in papers filed in the foreclosure, the Kelleys are portrayed by their attorneys as victims of unsound lending practices by bankers.
Top officials in the Obama administration hoped for a quick settlement to a major lawsuit brought by state attorneys general over bad foreclosure practices.
Ensuring that borrowers are not victimized by «junk fees» and excessive charges: The CRL asserts that the recent foreclosure crisis was caused by ``... reckless and predatory lending practices and toxic financial products [and] not by any policy goal aimed at increasing home ownership.»
Prompted by investigations into shoddy foreclosure practices, the «term sheet» would define how major banks offer... View Article
Unfortunately, the lower scores of African Americans and Latinos are not a surprise, both because of the legacy of discrimination and because these groups have been disproportionately affected by predatory credit practices such as the marketing of subprime mortgages, overpriced auto loans as well as higher foreclosure rates, all of which damage their credit history.
For one thing, these groups are already disproportionately affected by predatory credit practices, such as the marketing of subprime mortgages and overpriced auto loans targeted at these populations.11 As a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reports.
The 2013 lawsuit alleged that Citigroup's directors breached their duty of loyalty in two ways: (1) by permitting Citibank to engage in unlawful foreclosure and mortgage servicing practices through the implementation of inadequate internal controls; and (2) by failing to issue a supplemental proxy describing the terms of a consent order with the Office of the Comptroller of the Currency to resolve investigations into Citibank's mortgage servicing operations, into which Citibank entered after Citigroup had issued its 2011 proxy materials, but before its 2011 shareholders» meeting.
Based upon my understanding of the facts, I see little rationale for adding this foreclosure practice to be serviced by a fulltime lateral hire who would be paid $ 120,000.
Still others were driven into foreclosure by unscrupulous lending practices.
Some of the reasons for continued trouble ahead in 2011, are the attitudes formed toward homeownership by first time buyers, the impact of California's own Cap & Tax energy program, past overbuilding of high end homes based on false loan qualification practices, and the large amount of foreclosures banks still have to process.
Well - known investor Warren Buffett is investing $ 5 billion into Bank of America, which in recent months has been plagued by legal trouble over its foreclosure practices and has seen its stock values plunge.