Aug 12th 2011 11:00AM
In America today, even men and women returning from war can't expect their families to be exempt from the foreclosure crisis. On the same day that soldier Aaron Collette returned from a tour of duty in Iraq to his father Tim's home in Bend, Ore., that very house was bought back at auction due to foreclosure, local news... Continue Reading »
Oct 1st 2010 5:49PM
With JPMorgan Chase and Ally Financial both calling a temporary halt to foreclosures and members of Congress questioning Fannie Mae and Freddie Mac's use of "foreclosure mills," are these just unnecessary delays for inevitable defaults? Will other major loan servicers be next in line? RealtyTrac senior vice president Rick... Continue Reading »
Apr 16th 2010 11:30AM
Want to be considered for a loan modification? Stop making your mortgage payments. That's the advice that Washington Mutual gave some homeowners who called looking for help with their mortgage payments. Their reward for complying with that advice? Foreclosure. Some homeowners are now suing JPMorgan Chase, which swallowed... Continue Reading »
Mar 2nd 2010 10:30AM
While all eyes are glued to Greece, whose financial woes could melt the Euro (not to mention the Gyro), one banking big wig is focused on an economic mess that makes Greece's problem seem like a souvlaki picnic comparison. The sovereign state he's concerned about? California! Jamie Dimon is chairman of JP Morgan Chase,... Continue Reading »
Dec 16th 2009 11:00AM
Is consumer frustration with the slow pace of loan modifications finally becoming more than silent resentment? If Monday's protest at the New York offices of JPMorgan Chase is any indication, the answer might be yes. With a little goading from the president, who on Sunday called America's bank presidents "fat cats," a new... Continue Reading »
