Posts with tag Congressional Oversight Panel

As Wells Fargo joins the growing number of banks that had to admit there were problems with their foreclosure process, one can only wonder how many more lawsuits will be filed on the behalf of homeowners who were denied modifications. So far 700,000 people were denied modification through the Home Affordable Modification... Continue Reading »

Just how much trouble are mortgage borrowers having with their loan servicers? These are the companies that send the monthly bills, foreclose when the payments don't come, and too often make it really hard for many borrowers to get loan modifications when they can't afford to keep up. According to New York State Banking... Continue Reading »

A special congressional panel's newly released report is sending shock waves throughout the commercial real estate industry, not to mention causing consternation among many community bankers. It is also generating an abundance of headlines. The message from the Congressional Oversight Panel, which is charged with... Continue Reading »