residential mortgage loan servicing and foreclosure processing. These deficiencies represent significant and pervasive compliance failures and unsafe and unsound practices at these...
The government also announced a revised bailout plan for German mortgage lender Hypo Real Estate (HRE). [21][22][23] On Monday, October 6, the Dow Jones Industrial Average closed below 10...
Loans Servicing Bank of America Beneficial Finance Chase Citibank CitiFinancial CitiMortgage Countrywide EMC Mortgage Corporation EverBank/EverHome Mortgage Company Financial Freedom GMAC...
The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in se
Bank One Corporation Trade name Bank One Formerly First Banc Group (1968–1979) Banc One Corporation (1979–1998) Company type Public Traded as NYSE : ONE (1979–2004) Industry Banking...
Do Not Delete 12/7/2011 2:22 PM 171 Foreclosing on the Federal Power Grab: Dodd-Frank, Preemption, and the State Role in Mortgage Servicing Regulation Kurt Eggert* TABLE OF CONTENTS...
The logo of New York Trust Company The New York Trust Company was a large trust and wholesale-banking business that specialized in servicing large industrial accounts. It merged with the...
EMC MORTGAGE LLC (f/k/a EMC MORTGAGE CORPORATION); BEAR STEARNS & CO., INC.; STRUCTURED ASSET MORTGAGE INVESTMENTS II INC.; BEAR STEARNS ASSET BACKED SECURITIES I LLC; WAMU ASSET ACCEPTANCE...
As detailed below, the agency’s priorities include deceptive mortgage advertising, deceptive or unfair servicing practices, discrimination in lending, and foreclosure rescue scams. II....
PLEASE NOTE: As of July 2013, the Independent Foreclosure Review (IFR) ended at all mortgage servicers supervised by the Federal Reserve that were subject to foreclosure-related enforcement actions. The mortgage servicers reached an agreement in principle with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to provide approximately $10 billion in cash payments and other assistance to help borrowers. As of January 2017, the IFR Payment Agreem...