HARTFORD, Conn. (AP) — The state House of Representatives has approved a bill that would expand protections for homeowners facing foreclosure.
The House approved the legislation on a 135-0 vote Thursday night and sent it to the Senate. It would add to the state’s existing foreclosure mediation program that is aimed at preventing people from losing t
...A West Sacramento man is among the first in the state to use California's new Homeowner Bill of Rights to stop a bank from foreclosing on his home, and experts say the case marks a shift in a legal system that has traditionally favored lenders.
Kevin Singh, a house painter, secured a federal court order earlier this month after Bank of
...The Oregon House on Wednesday approved an expansion of the foreclosure mediation program the Legislature created last year but which failed to gain traction after changes in the legal landscape.
Under Senate Bill 558A, the program would apply to foreclosures pursued by lenders in courts, which has become the standard procedure for most lenders.
...House Republicans filed a petition on the floor to brand House Bill 3477 as a tax vote, requiring a three-fifths majority vote under the Oregon
...WASHINGTON (Reuters) - A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in March by Attorney General Eric Holder.
"No institution and no individual is immune from
...NEW YORK (MainStreet)—I constantly hear banking and insurance industry professionals stating that only 1% of loans in their loan portfolios have force-placed insurance as a way of defending the practice. According to the Census
...Click on the section of the Commodity Futures Trading Commission website about the 2010 Dodd-Frank financial-reform law and the first thing that jumps out is a quotation, in bold, from CFTC Chairman Gary Gensler about how Dodd-Frank would transform the derivatives market -- for the better.
“The Wall Street reform bill will -- for the first time -
...Three large banks have nearly halted their foreclosure sales while they make sure they are meeting revised standards on how troubled homeowners are to be treated.
Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised
...DENVER — In Late March, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will offer struggling homeowners an easier way to stay in their homes.
The program, known as the Streamlined Modification
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