The Obama Administration is expected to announce on Monday a renewed effort to encourage banks, including Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC) to concentrate resources and intensify their effort to modify troubled home mortgages. Increasing pressure from consumer groups, rising anger from home owners mired in limbo waiting for a decision from [...]
November 29th, 2009 | John | Comments | ContinuedAll Posts Tagged With: "mortgages"
New York Judge: Banks Must Prove Ownership or No Foreclosure
An amazing story has emerged in New York where Judge Arthur M. Schack has shaken up the banking industry, having the gall to actually check the paperwork presented to him in numerous cases of banks seeking to foreclose on homeowners.
Before I get into this, I want to say up front that people are responsible for [...]




