Jan 8th 2013 8:30AM
Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say U.S. banks may be getting the best of the deal. Banks have agreed to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners in the wake of the 2008 financial... Continue Reading »
U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners. The deal announced Monday could compensate hundreds of thousands of Americans whose homes were seized because of abuses... Continue Reading »
Nov 26th 2012 4:50PM
By Les Christie More than 300,000 homeowners have received $26 billion in relief under the big foreclosure abuse settlement reached earlier this year, according to a recent government report. Five of the country's largest mortgage lenders have modified home loans, reduced interest rates or forgiven debt as part of a... Continue Reading »
Sep 18th 2012 11:55AM
By Alex Veiga LOS ANGELES -- Confidence among U.S. homebuilders rose this month to its highest level in six years and many expect the housing recovery will strengthen in the next six months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday increased to 40 in September. That's... Continue Reading »
Sep 14th 2012 3:40PM
Cindi Davis of Mount Holly, N.C., has been fighting breast cancer for four years. Now she has to fight Wells Fargo too. The bank had been threatening to foreclose on Cindi and her husband, Kirk (both pictured above), after her mounting medical bills made it difficult for the couple to keep up with their monthly... Continue Reading »
