mortgage lenders

Annaly Capital Management Inc. (NLY), the biggest U.S. real-estate investment trust that purchases mortgage debt, said that if President Barack Obama is re-elected it will result in a more aggressive housing policies, such as new attempts to urge mortgage refinancing among borrowers with loans backed by the government. If Obama triumphs, the mortgage lenders can […]

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JPMorgan Chase & Co., Citigroup Inc. and other banks in the United States would pay up to $125,000 to every customer who had been greatly affected by wrongful handling of foreclosures by the banks from 2009 to 2010, based on a removal plan unveiled by the government regulators. In a statement of Thomas Curry, the […]

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NEW YORK – Another mortgage service abuse against homeowners in New York was added to consumer defense attorney Linda Tirelli’s increasing files of abuses on Wednesday. Investigations of federal and state regulators uncovered improper practices of big banks and servicers, which are commonly one and the same. A servicer was found to be overcharging by […]

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LPS Sanctioned for Perjury by US Judge

by San Antonio Attorney

A New Orleans federal bankruptcy judge has declared that sanctions would be imposed upon Lender Processing Services after finding that the company deliberately defrauded the court in its testimony and submitting fabricated affidavits in a foreclosure case. It was alleged that an employee of LPS had intentionally mislead the bankruptcy court and in its defense, […]

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