It has been a busy week for developments related to the ongoing foreclosure crisis. On May 17th, American Banker broke the news (“Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny”) that Wells Fargo and Citigroup were halting … Continue reading
A press release from the Federal Reserve today states that checks will start being mailed out on May 3rd, 2013 for homeowners who had their loans serviced by Litton Loan Servicing (owned by Goldman Sachs) or by Saxon Mortgage (owned … Continue reading
It’s been a busy couple of weeks for Wells Fargo Bank! On April 4, the LA Times reported that the US Supreme Court declined to hear Wells Fargo’s appeal of a class action lawsuit against the bank that it lost. … Continue reading
According to a press release from the Federal Reserve dated today, there was a “clerical error” that led to some homeowners not receiving the correct amount of money they were supposed to under the settlement agreement that Goldman Sachs (former … Continue reading
By Sean Coffey, Program Manager of ForeclosureHelp Joseph Smith, the Monitor for the national Attorney General settlement, released a report (Ongoing Implementation: February 21, 2013) today about the amount of relief the five banks (Chase, Wells Fargo, Bank of America, … Continue reading
By Sean Coffey, Program Manager at Foreclosure Help The Wall Street Journal broke the news that the U.S. Justice Department is suing Standard & Poor’s over the ratings that the firm gave to mortgage securities. According to the New York … Continue reading
UPDATE: Deadline extended until April 26, 2013, for more information, visit the DOJ website: English version Spanish version. By Sean Coffey, Program Manager at Foreclosure Help This is a reminder that homeowners who received a letter about a US Department … Continue reading
By Sean Coffey, MPA, Program Manager of ForeclosureHelpSCC It is now official, the Independent Foreclosure Review program is being replaced with a program that will provide direct cash payments to homeowners that were foreclosed on inappropriately between 2009-2010. According to … Continue reading
By JoAnn Parrott, Housing Counselor at Project Sentinel, one of the members of ForeclosureHelpSCC. Today’s Post is about the Foreclosure Refund Program, part of the national Attorneys General Mortgage Settlement. What is the Foreclosure Refund Settlement program? The foreclosure … Continue reading
By Sean Coffey, Program Manager at ForeclosureHelpSCC Have you heard about the payday lawsuit and settlement against Money Mart and Loan Mart? The San Francisco City Attorney, Dennis Herrera, sued Money Mart and Loan Mart for “unfair and fraudulent business … Continue reading
The Customer Bullhorn 