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
“The Wall Street reform bill will -- for the first time -
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.
The banks said they paused the sales on May 6 to make sure that their late-stage foreclosure procedures
After the housing collapse of 2008 sent the economy into a downward spiral, the focus turned to housing finance reform.
The mortgage market is almost entirely backed by the government after the housing crisis led to the takeover of the two mortgage giants Fannie Mae and Freddie Mac in an attempt to stabilize the housing market. Meanwhile,
Americans lost $192.6 billion in wealth, or an average of $1,700 per household, last year due to foreclosures, according to a report released Thursday by the Alliance for a Just Society, a coalition of progressive grassroots organizations across the country. The report also