By Christina Rexrode The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults. The suit, filed Wednesday by the top federal prosecutor... Continue Reading »
The vacant property next door to Chicago resident Mae Campbell has cast a pall over her neighborhood of Austin for more than five years. The home, which she said was owned by Bank of America until very recently, has overgrown grass, water damage and boarded-up windows. "We bought locks to chain it up to keep squatters... Continue Reading »
Sep 13th 2012 1:30PM
By Adam Levin It just may become the latest outrage during a year of outrages. At the precise moment when the federal government finally delivers a modicum of justice and some economic relief to millions of homeowners victimized by the nation's largest banks, the government threatens to beat those victims over the head... Continue Reading »
What do you do when the bank-owned house next door is a vacant and blighted mess? If you're these San Diego residents, you remove the garbage piled out front and take it to its rightful owner: the bank itself. The Alliance of Californians for Community Empowerment, a homeowner advocacy group, gathered dirty rugs,... Continue Reading »
WASHINGTON -- Wells Fargo & Co has agreed to pay $125 million to resolve allegations it discriminated against certain borrowers on the basis of race and national origin in its mortgage lending, the U.S. government said on Thursday. Wells Fargo also agreed to contribute $50 million to help those buyers making down... Continue Reading »
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