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Tag Archives: wells fargo

Borrowers and Mortgage Investors Double Team Big Banks

Institutional mortgage investors and distressed homeowners are strange bedfellows. Last week the Massachusetts Supreme Court issued a landmark ruling voiding two foreclosures, asserting U.S. Bankcorp and Wells Fargo did not prove they owned the mortgages. Legal challenges point to serious front end problems in the actual securitization of the mort Read More »

Foreclosure: Crafting Graceful Exit Options and Recovery Strategies

“Not since the Great Depression has an economic downturn and the accompanying foreclosure crisis left so many lives in ruins. How can individuals and families find the resources and support they need to put their lives back in order?” asks A Resource Guide for Foreclosure Recovery, a 25-page handbook published by the Community Affairs division of the Federal Reserve Bank ... Read More »

Crisis Freezes Foreclosures as REO Inventories Rise

As investigations and multi-month delays in the foreclosure process begin, those who will suffer most are JP Morgan Chase, Bank of America and Wells Fargo, according to a new survey of foreclosure exposure, and foreclosure suspensions are coming at a bad time, just as foreclosue sales are down and REO inventories are rising. Read More »