March 19, 2012 (Chris Moore) Foreclosure activity continued to fall nationwide in February but the foreclosure pipeline is hardly unclogged as a new wave of activity is expected to hit following the recent $25 billion mortgage settlement between the five largest banks and the state attorneys general. […]
March 14, 2011 (Shirley Allen) Wells Fargo & Co. CEO John Stumpf said that principal reductions could have a “huge impact” on Freddie Mac and Fannie Mae and that such a strategy could entice homeowners to default on their current loans in order to get a better deal, echoing the worries made last week by [...]
March 11, 2011 (Chris Moore) Sen. Richard Shelby of Alabama, the ranking Republican member of the Senate Banking Committee, calls the proposed $20 billion mortgage settlement by the Obama administration, the state attorneys general, and other federal agencies a “shakedown.” Read more...
