A bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank’s treatment of a California couple who fought to save their home "brazen" and "heartless."
However, the recent foreclosure scandal does not just affect those who are facing foreclosure or are in the process of purchasing a recently foreclosed home; but it also greatly affects those who work within the real estate industry.
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"In addition, the recent reports that Wells Fargo denied mortgage modifications and ultimately foreclosed on those properties are further evidence of the bank’s malicious and insensitive treatment of.
· Foreclosure Scandal’ is a Fake. Democrat Speaker of the House Nancy Pelosi said last Spring that we would find out what is in the health-care bill after it is passed into law.
Homeowners fight back against foreclosure, saying that the lender or servicer has no legal authority to foreclose on their home.. $5.4 million in foreclosure fraud suit against Wells Fargo.
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Wells Fargo improperly foreclosed on approximately 400. In April, the scandal-prone banking behemoth was also smacked with a $1 billion fine after it was revealed the bank had been charging.
Jun 21: Homeowners who were victims of foreclosure abuse in 2009 and 2010 could receive up to $125,000 from lenders as part of an Independent Foreclosure Review that is being overseen by two.
· On Friday, Janet Yellen’s last day as chair of the Federal Reserve, the central bank imposed harsh penalties on Wells Fargo-the nation’s fourth-largest bank and its leading home lender-as punishment for its long-term abuse of consumers and employees. Much more than a slap on the wrist, the Fed announced that it would replace four members of Wells Fargo’s
The bank that foreclosed on the home of Cesar Sayoc. Johnson-Seck was an official at the center of OneWest’s so-called "robo-signing" scandal. Robo-signing is where banks signed off on thousands of.
The owners of the house that was actually being foreclosed on also called the bank about the error. A few of them cited the fake-accounts scandal that led to a class-action lawsuit against the.
After a September 2016 sales scandal, it’s offensive because no one who has lost their home due to foreclosure by the fault of the bank itself can afford to get back on their feet with $.