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How $8.5 Billion Foreclosure Settlement Affects Borrowers

Q&A: Status and Affect of Billion Dollar Settlement Many details of the $8.5 billion mortgage foreclosure settlement that federal banking regulators announced Monday have not been finalized yet. Here are some answers for borrowers. Q: How much money is in it? A: Ten banks and mortgage companies will pay $3.3 billion in cash to borrowers and […]

Foreclosure Related News from Around the Country

Foreclosure related news from around the country: Bank of America Smacked with Foreclosure Fraud Lawsuits – implode-explode.com “Although Bank of America (BoA), along with other big banks like Wells Fargo, Citibank, Ally/GMAC and JPMorgan Chase, recently reached a very favorable settlement of potential criminal fraud charges related to their mortgage lending practices, two recently unsealed […]