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
David Dayen has a great new piece (Weak Justice for Wall Street: How a Twisted Double Standard Saved Citigroup Millions) on CitiGroup failing to pay $20 million under the Independent Foreclosure Review: Did Citigroup have to pay interest or make … Continue reading
Just the messenger folks, contact Rust Consulting for more information: Joint Press Release Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency For release at 1:00 p.m. EDT February 18, 2015 Agencies Announce Reissuance … Continue reading
Beginning October 27, 2014, The Foreclosure Help Collaborative Silicon Valley will provide coordinated foreclosure prevention services to families facing foreclosure and other related housing issues throughout the County of Santa Clara in place of the ForeclosureHelp Center. The Foreclosure Help … Continue reading
The Foreclosure Help Consortium, in collaboration with Bank of America, the City of San Jose, and the City of Sunnyvale, is holding a series of special foreclosure prevention sessions on September 26, September 27 and October 2. These sessions will … Continue reading
Foreclosure remains a risk for many homeowners in our community. More than 900 homes in Silicon Valley are in foreclosure or in danger of foreclosure. The Foreclosure Help Consortium, in collaboration with Wells Fargo Bank, Bank of America, the City … Continue reading
Based on calls received by Foreclosure Help, many homeowners are still unsure about how the foreclosure process works. Here are examples of the most common questions being asked, with our answers: 1. The lender that holds my mortgage has recorded … Continue reading
In a new report released May 20, the California Reinvestment Coalition documents mistakes and deficiencies in the performance of mortgage servicers. These failures cause unwarranted foreclosures, particularly in the “hardest hit” communities which feature low income households and those with … Continue reading
According to a recent article in the Housing Wire, the answer is “yes”! Traditionally, non-judicial foreclosure has been the approach preferred by California lenders and servicers. This approach eliminates court oversight of the process, and restricts the rights of homeowners … Continue reading
Silicon Valley has an image as an economic powerhouse, with high levels of employment and increasing home values. However, the foreclosure rate for the metropolitan area that encompasses Silicon Valley is not noticeably lower than the rates for other areas … Continue reading
The Customer Bullhorn 