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A Tale of Two Loan Modifications, As Investors Sue Countrywide
Dec 02, 2008A predatory-lending settlement that will see Countrywide modify as many as 400,000 loans, reducing payments due on mortgages it services by as much as $8.4 billion, has led a group of investors to sue Bank of America Corp. [stock BAC][/stock] and Countrywide. In a complaint filed Monday morning by the New York-based law firm of Grais & Ellsworth LLP, investors say the language in their contracts require the Calabasas, Calif.-based servicer to purchase all modified loans out of affected securitization trusts.
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Treasury Funds On the Way to Credit Unions?
Nov 19, 2008 -
NAR: Home Sales Fall, Despite Increase in Distressed Sales
Nov 19, 2008 -
Viewpoint: Questions Arise Over IndyMac Loan Mods
Nov 18, 2008 -
FDIC’s Bair Pushes Loan Modification Program
Nov 18, 2008 -
Viewpoint: Foreclosure Moratoriums, and Interpreting the Truth
Nov 11, 2008 -
Citigroup Joins the Club, Offers Aggressive Loan Modification Plan
Nov 11, 2008 -
JP Morgan’s Loan Mod Program Prevents 250,000 Foreclosures
Nov 07, 2008 -
California Reports More Modifications, Fewer Foreclosures in September
Oct 31, 2008
