Fox23.com | “Ally Financial and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners. The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage. Ally’s settlement is similar to accords between federal regulators and 13 otherRead more
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By joncoats | Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Uncategorized | Comments are Closed | 30 July, 2013 | 1
By joncoats | Business Law, Commercial Law, Corporate Law, Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Short Sale, Uncategorized | Comments are Closed | 16 May, 2013 | 3
By: Amy Green | May 13, 2013 | WMFE – A consumer advocacy group is calling on Gov. Rick Scott to veto legislation aimed at accelerating the foreclosure process. Advocates say the bill should focus on banks and funding for judges, not homeowners. The bill allows more parties – like homeowners and condominium associations –Read more
By joncoats | Business Law, Florida Law, Foreclosure Law, Loan Modification, Mortgages, Real Estate Law, Uncategorized | Comments are Closed | 20 January, 2013 | 0
WASHINGTON (AP) — British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The agreement with the Federal Reserve and the Office of the Comptroller of the Currency is similar to deals with 12 other banksRead more