Posts with tag wells fargo

In the ever-widening foreclosure crisis, stories of families losing their homes from predatory lending practices, free-falling property values and modification scams are legion. But for one Houston couple, the reason for their foreclosure was entirely out of their control. Brian and Khanklink Pryon purchased their... Continue Reading »

All Patrick Rodgers wanted was for someone at his mortgage lender to talk to him. But when the bank ignored repeated requests, the Philadelphia homeowner sued -- and won. According to Rodgers, all he wanted was for the lender to answer his questions about its demand for him to purchase more home insurance. Yet the bank... Continue Reading »

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 »

Signs of improvement in the new homes market made an unexpected appearance this morning. The National Association of Home Builders/Wells Fargo housing market index increased 3 points, to 16, in October, meeting the level reached in June. Many economists expected the index to remain flat at 13. The index measures builder... Continue Reading »

Beware, real estate speculators: Your advantage is waning. The Obama administration announced today that major banks have agreed to allow local governments and nonprofit groups to purchase foreclosed properties before private investors. Congress granted $7 billion to enable local officials to acquire such properties with... Continue Reading »