Danny James (from left) Timothy Vondell Jefferson, Verlincia Cuyler and Fred Young are working to get a foreclosure summit and registry set up to address the issues of foreclosures in Clayton County. Jefferson is leading the group.
LOVEJOY Timothy Vondell Jefferson is tired of seeing Clayton County sitting
James A. Whitfield, left, of the Highland Vicinity Neighborhood Association, and Michael Osborne, president of Near North Development Corp., discuss a property that sits buried in an overgrown lawn.(Photo: Doug McSchooler, The Indianapolis Star)
Wells Fargo to pay $27 million in restitution to 19 communities nationwide
WASHINGTON -- Mortgage financiers Fannie Mae and Freddie Mac would be liquidated within five years and replaced by an entity offering government reinsurance for mortgage-backed debt under draft legislation from a bipartisan group of U.S. senators.To protect taxpayers from having to absorb losses incurred during periods of economic stress, the...
NEW YORK (Reuters) - The state of New York plans to sue HSBC Holdings Plc for ignoring a law designed to protect struggling homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages.
The lawsuit being filed by state Attorney General Eric Schneiderman in
WASHINGTON (Reuters) - The Obama administration on Thursday said it was extending the life of its signature foreclosure-prevention program by two years to help more struggling borrowers keep their homes.
The Home Affordable Modification Program, or HAMP, was to expire at the end of this year.
In 2008, the Emergency Economic Stabilization Act created the Troubled Asset Relief Program (TARP), which provided $700 billion to the Treasury to address the subprime mortgage crisis and to “maximize assistance for homeowners.” As we know, the majority of that money went to the banks that created the mortgage crisis with high-risk products, and...
When Montana received nearly $6 million from a $25 billion national settlement with the nation’s five largest banks – a result of their shady mortgage practices – the state tucked away its share of the funding to help homeowners address the threat of foreclosure.
Fifteen months later, the Office of Consumer Protection in the Montana Attorney
Sen. Brian Boquist, R-Dallas, helped spearhead Senate Bill 558A.
Nothing about Oregon's recovery from the great recession has been fast. So it's not particularly surprising that it took two tries and more than a year for the Oregon Legislature to find a way to help Oregonians who are struggling to stay in their homes. The journey ended Wednesday...