Monthly Archives: March 2011

Banks, States Have ‘Long Way to Go’ on Foreclosure Settlement, Miller Says

Iowa Attorney General Tom Miller said Banks and government officials have “a long way to go” to reach an agreement on mortgage servicing and foreclosure practices. The two sides met in Washington yesterday, less than a month after state attorneys … Continue reading

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Chase Sues Its Former Foreclosure Counsel, Seeks Turnover of Files in $400M Worth of Cases

Saying that its former mortgage foreclosure counsel, Ben-Ezra & Katz, has effectively called a halt to some $400 million in litigation by refusing to turn over the case files, Chase Home Finance is suing the law firm in federal court … Continue reading

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Cash-Paying Vultures Feast on U.S. Housing as Mortgages Dry Up

Delavaco Properties LP plans to spend as much as $30 million this year and $40 million in 2012 to buy bank-owned houses and condominiums in foreclosure-ridden South Florida. The private-equity fund will pay cash. As lenders tighten mortgage standards and … Continue reading

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New Loans Could Raise The Price Of Homeownership

Since the housing bubble collapsed, it’s been harder for many Americans to qualify for a home loan. But soon, it might get even more difficult. The government is reshaping the mortgage market. And right now there is strong political support … Continue reading

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Dispute over real estate mapping patents takes a legal turn

Real Estate Alliance Ltd. — which claims Realtor.com operator Move Inc. and dozens of other real estate companies, brokers and agents violated its mapping technology patents — may soon have its day in court. The Federal Circuit Court of Appeals … Continue reading

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SEC moves to charge Fannie, Freddie execs

The Securities and Exchange Commission is moving toward charging former and current Fannie Mae and Freddie Mac executives with violations related to the financial crisis, setting up a clash with the housing regulator that oversees the companies, according to sources … Continue reading

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State attorneys general tackle mortgage servicing

State attorneys general, who soon will enter settlement talks with the nation’s largest mortgage servicers after revelations of flawed foreclosure paperwork and other shoddy practices, will accept nothing less than wholesale changes to the way those companies treat troubled homeowners, … Continue reading

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