One way to resolve the current mortgage meltdown is for lenders to work with borrowers and modify their home loans to make them affordable. This can be in the lender’s…
In what is being hailed as a landmark ruling, a Massachusetts judge has prohibited a subprime mortgage lender from foreclosing on an entire class of “structurally unfair” loans there before…
Several proposals are being touted that would help troubled borrowers and the lenders that gave them loans for their homes, often worth less now than the outstanding loan balance.
A pending congressional proposal to allow bankruptcy judges to reduce borrowers’ outstanding home mortgages is running into some strong opposition from lenders.
A failure to enforce fair lending laws, as banks targeted racial minorities for expensive subprime mortgages, is a major factor in the country’s current financial crisis, according to Jesse Jackson.
What do a half-starved dog, a piece of heavy construction equipment and a hammer have in common? All are tools reportedly being used by irate owners to damage their own,…
A traditional taboo against suing banks among big-league United Kingdom law firms is rapidly losing its power as legal eagles there and abroad rev their engines in anticipation of a…
When opinion letters apparently written by a prominent New Jersey lawyer were sent to Merrill Lynch Business Financial Services in 2004 along with alleged fake financial statements, the bank reportedly…
Under federal law, creditors aren’t supposed to be able to seize social security payments, or disability or veterans benefits to pay a debt, and the government won’t send their checks…
As six major banks and federal officials announced a relief plan today for delinquent homeowners, critics were already saying that the Project Lifeline program doesn’t do enough to help those…
Prodded by politicians and perhaps seeing a potential benefit to themselves, six major banks are expected to announce a new program tomorrow morning to help seriously past-due mortgage debtors climb…
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