state grabs $7.7m of foreclosure settlementthe mortgage foreclosure fiasco has turned out to be a bonanza of sorts for mississippi state government. mississippi’s general fund will receive a $7.7 cash infusion from the national legal settlement state attorney general jim hood and 48 other attorneys general negotiated with giant mortgage servicers bank of america , citi, chase, gmac and wells fargo.fed publishes new set of foreclosure-review documentsthe federal reserve thursday released a set of detailed plans banks have put together to correct problems in their mortgage-servicing and foreclosure-processing operations.foreclosure stories: ferreting out fraudafter handling hundreds of foreclosure cases involving securitized loans, i can safely say that every single securitized loan transaction involves fraud of some sort. read moreforeclosure filings lowest since 2007foreclosure activity is down to a near five-year low, according to realtytrac. |
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