Sentences with phrase «mortgage foreclosure practices»

The New York State attorney general had just had one of the most important weeks of his career: The previous day, he and other state attorneys general had announced a settlement with big banks over bad mortgage foreclosure practices — a deal that Schneiderman had blocked for months before forcing a change to allow further claims against the banks.

Not exact matches

Despite the fact that it is obvious to every literate American that Wall Street banksters caused the 2008 financial meltdown, Holder hasn't brought a single indictment against a banker for the sub-prime mortgage fraud, for the Madoff fraud, for the manipulation of the foreign exchange markets, for the manipulation of the commodities markets, for fraudulent debt collection practices, for fraudulent foreclosure practices.

Kim has established a full time mediation practice in the areas of mortgage foreclosure, civil conflicts, contract / / business disputes, Homeowner Assn. issues, guardianship and elder care disputes.

The group of leaders, which includes representatives from the Queens neighborhoods with the most homes in foreclosure, signed on to a letter urging big banks to change their mortgage modification practices.

This particular practice of extending loans to people with poor records are seen in the U.S. mortgage industry as well and can be considered as one of the major reasons on why there are such a lot of foreclosures on homes across the country.

Under sweeping new rules passed last week, the 18 - month - old federal agency moved to help protect consumers from the worst sorts of predatory lending practices and shoddy underwriting standards that helped cause a dramatic increase in mortgage delinquencies and consequently the country's recent foreclosure crisis.

Major banks are considering how to respond to demands from state and federal officials to revamp their foreclosure and mortgage servicing practices.

During the recent mortgage and housing meltdown, our foreclosure defense practice grew to be the largest in King, Pierce and Snohomish Counties, with a 19 % market share in completed residential short sales, helping over 2,200 local homeowners settle over $ 230 million in mortgage debt.

Many large mortgage servicers reached settlements with regulators to address a range of troubling practices, including a practice known as robo - signing, where banks submitted foreclosure documents that were not properly reviewed or notarized.

The combination of an increase in credit availability and predatory lending practices contributed to an over-issuance of loans to borrowers with the greatest potential for mortgage default and subsequent foreclosure.

In a speech Tuesday, Federal Reserve Chairman Ben Bernanke said poor lending practices contributed to the sharp increase in mortgage delinquencies and foreclosures, and that the new rules will «address some of the problems that have surfaced in recent years... especially high - cost mortgage lending.»

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.

Preston Ascherin — Consumer Financial Services Practice Group, Los Angeles Preston Ascherin dedicates his practice to the financial services sector, defending mortgage loan originators, servicers, and investors in class and individual lawsuits, bankruptcy adversary cases, contested foreclosures, and regulatory compliance Practice Group, Los Angeles Preston Ascherin dedicates his practice to the financial services sector, defending mortgage loan originators, servicers, and investors in class and individual lawsuits, bankruptcy adversary cases, contested foreclosures, and regulatory compliance practice to the financial services sector, defending mortgage loan originators, servicers, and investors in class and individual lawsuits, bankruptcy adversary cases, contested foreclosures, and regulatory compliance matters.

Eric Levine — Consumer Financial Services Practice Group, West Palm Beach Eric Levine dedicates his practice to the financial services sector, defending mortgage loan originators, servicers, and investors in class and individual lawsuits, bankruptcy adversary cases, contested foreclosures, and regulatory compliance Practice Group, West Palm Beach Eric Levine dedicates his practice to the financial services sector, defending mortgage loan originators, servicers, and investors in class and individual lawsuits, bankruptcy adversary cases, contested foreclosures, and regulatory compliance practice to the financial services sector, defending mortgage loan originators, servicers, and investors in class and individual lawsuits, bankruptcy adversary cases, contested foreclosures, and regulatory compliance matters.

His litigation practice focuses on the representation of general contractors, subcontractors and materialmen in construction claims, including bond and lien foreclosure matters, and in the representation of servicers of commercial mortgage - backed securities pools and institutional lenders in mortgage foreclosures and non-residential landlord / tenant matters.

MARTIN C. BRYCE, JR. [email protected] 215.864.8238 view full bio Martin C. Bryce, Jr., has a diverse practice focused on mortgage - related litigation, including foreclosures, credit card - related litigation, arbitration, commercial law, and class action defense.

Her practice focuses on representing banks and other financial institutions in federal and state courts throughout the United States in cases involving trusts and fiduciaries, the Uniform Commercial Code, Fair Credit Reporting Act, Telephone Consumer Protection Act and mortgage foreclosures.

On Monday, March 12, 2012, the federal government released details of the $ 25 billion dollar national mortgage settlement stemming from improper foreclosures and other deceptive practices in the origination and servicing of mortgages.

This course identifies the history of mortgage, the foreclosure process, bad practices and fraud in foreclosure.

Separately, federal regulators have ordered banks to improve their mortgage servicing and foreclosure practices after widespread revelations in 2010 that banks improperly repossessed the homes of delinquent borrowers through a system rife with errors and misconduct.

The reviews are part of the mortgage servicer requirements called for by regulators after an investigation last fall revealed improper foreclosure practices by banks.

Federal and state officials continue to work on a settlement with the nation's biggest banks regarding their foreclosure practices, but the process has been delayed as banks seek broad legal immunity for mortgage - related claims.