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1. BofA Mortgage Chief Stepping Down - Barbara Desoer to retire as president of Bank ...
Desoer to retire as president of Bank of America Home Loans Feb. ... Barbara Desoer, president of Bank of America's home loans ... will retire this month, the bank announced Friday. A 34
www.mortgagedaily.com/MctBoaDesoer020412.asp
2. New York Sues MERS, Members - Lawsuit questions validity of MERS system | Feb. 3, ...
Chase Bank, N.A.; Bank of America, N.A.; and Wells Fargo Bank, N.A. -- as well as some of their ... is plagued with inaccuracies and errors. "The banks created the MERS system as an
www.mortgagedaily.com/LawsuitNyAg020312.asp
3. Family Members Sentenced in Mortgage Fraud Case That Caused a $1.3 Million Loss...
August 2011 to one count of conspiracy to make a false statement to a financial institution; he worked ... account at Bank of America; and ... admitted altering Bank of America statements
www.mortgagedaily.com/Fraud/PressReleaseAlexander020312.asp
4. Borrowers Successfully Stave Off Foreclosure - Recent foreclosure litigation...
Servicing, her loan was still foreclosed. U.S. Bank, N.A., the trustee on ... the summary judgment. Deutsche Bank National Trust Co., as trustee ... in Horvath v. Bank of New York and
www.mortgagedaily.com/LitigationForeclosures020312.asp
5. Charged In Bank Fraud Scheme - Department of Justice Press Release | Feb. 3, 2012 ...
Wachovia Bank, Bank of America, Countrywide Bank, and other mortgage lenders of $3,212,329.79. The information further charges that Cathie failed to file federal income tax
www.mortgagedaily.com/Fraud/PressReleaseGeraldCathie020312.asp
6. Servicing Business Becoming Unprofitable - Higher cost of servicing having...
Supporting this analysis are Bank of America Corp. and JPMorgan Chase & Co., which have each recently handed off defaulted and nonperforming loans to smaller special servicers. "
www.mortgagedaily.com/ServicingCosts020212.asp
7. Consequences of Walking Away from Mortgage - Florida borrower writes in about...
Can the bank still make me carry flood insurance? A: No. Under most mortgage loans, you have to carry flood insurance only if you are in a flood zone. But in all contractual
www.mortgagedaily.com/consumers/MctForeclosures020212.asp
8. California Bank Picks Up MetLife Production Employees - Provident hires mortgage...
Quinta later in the year. The bank also recently repurchased 263,503 shares of common ... part of a repurchase plan authorized in July. The bank had total assets of $1.3 billion as
www.mortgagedaily.com/MctHiringsProvident020212.asp
9. Mass Refi Plan Unveiled for Non-GSE Borrowers - Obama administration lays out...
Fee, which imposes a fee on the largest financial institutions based on their size and the riskiness of their activities -- ensuring that the program does not add a dime to the
www.mortgagedaily.com/RefiPlan020112.asp
10. COFI Bounces Up from All-Time Low - 11th District index 1.221% in December | Feb. ...
Federal Home Loan Bank of San Francisco reported that COFI was 1.221 percent during December. The index edged up from November , when it fell to 1.201 percent -- the lowest level
www.mortgagedaily.com/Cofi020112.asp
11. Default Service Providers Step Up Offerings - Recent activity in the default...
Angeles-based service provider claims that four of the top five financial institutions currently use its platform, and its REO, Short Sale and Loss Mitigation platforms have
www.mortgagedaily.com/DefaultServices013112.asp
12. States Face Servicer Settlement Deadline - Source says states, servicers near...
The settlement, which would include Bank of America Corp. and Wells Fargo & Co., ... billion. It pertains to claims that the banks participated in questionable practices in mortgage
www.mortgagedaily.com/MctServicerSettlement013112.asp
13. Class Action Targets NV Foreclosure Processors - Source says states, servicers...
Masto in 2010 against Bank of America, charging it's been foreclosing on homes it had no authority to foreclose on. BofA has denied wrongdoing in that lawsuit, which also claims
www.mortgagedaily.com/MctLawsuitForeclosuresNv013112.asp
14. Outlook Improves for Nontraditional Loans - Loan officer survey indicated easing...
While lending officers at financial institutions reported little change in how well they expect prime mortgages and home-equity lines to perform this year, expectations improved
www.mortgagedaily.com/LOSurvey013012.asp
15. Servicers Navigate Courts - Recent activity on servicer-related litigation | Jan. ...
Minnesota against U.S. Bank, N.A., and U.S. Bank ... own account with Hibernia Bank, N.A., which was subsequently taken ... nothing," the decision stated. Bank of America, N.A., and
www.mortgagedaily.com/LitigationServicing013012.asp
16. California Man Pleads Guilty To $8.5 Million Mortgage Fraud Scheme - Department...
Sugar Creek, Mo., bank of more than $8.5 million. William Troy Goings, 36, of Sacramento, Calif., pleaded guilty before U.S. District Judge Gary A. Fenner to participating in a
www.mortgagedaily.com/Fraud/PressReleaseGoings013012.asp
17. Week's Bank Failure Costs Exceed $600 Million - Recent bank and credit union...
A, assumed all of the bank's $350 in deposits ... the state said. U.S. Bank, N.A., acquired all of BankEast's ... Credit Union. The $49 million financial institution was based in Napanoch,
www.mortgagedaily.com/Closings012812.asp
18. HAMP Revitalized - Mortgage modification program expanded to investors, others...
Bank of America and JPMorgan Chase for poor compliance with the program. Officials declined Friday to estimate how many additional homeowners would be helped as a result of the
www.mortgagedaily.com/MctHampUpdates012812.asp
19. Two Bloomington Residents Indicted In Mortgage Fraud Scam - Department of Justice ...
Court for allegedly defrauding financial institutions and homeowners under the guise of a program to rescue homes from foreclosure. Richard Scott Spady, age 38, and Michele Denise
www.mortgagedaily.com/Fraud/PressReleaseSpadySengstock012712.asp
20. RMBS Fraud Task Force Rapidly Takes Shape - Subpoenas already handed down | Jan...
Civil subpoenas have already been issued in connection with current RMBS investigations to 11 financial institutions, according to Holder, "and you can expect more to follow."
www.mortgagedaily.com/MbsFraudTaskForce012712.asp
21. BofA, Chase Each Could Lose Over $60 mil in HAMP Incentives - Government says...
Services JPMorgan Chase and Bank of America are at risk of losing $131 million in incentive payments due them if their work with delinquent homeowners does not improve. Since last
www.mortgagedaily.com/MctHamp012612.asp
22. FHA Refi Plan Has Little Chance Congressional Approval - Obama's refinancing plan ...
Congress with a levy on financial institutions are low," said Mark Zandi, ... demand," he said. Naroff agreed that asking the banking industry to finance the program through fees
www.mortgagedaily.com/MctRefiPlan012612.asp
23. Critics Question Timing of RMBS Fraud Unit - Obama's new mortgage-fraud unit met...
Obama administration and five large banks -- Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial. Schneiderman exited the talks last summer angry that a
www.mortgagedaily.com/MctObamaFraudUnit012612.asp
24. Litigating Secondary Trades - Recent activity on secondary marketing litigation | ...
Craig Watkins against Bank of America Corp., Mortgage ... filed by U.S. Bank, N.A., as trustee for HarborView ... New Mexico). U.S. Bank National Association v. Countrywide Home
www.mortgagedaily.com/LitigationSecondary012612.asp
25. Proposed Servicer Settlement Not Good Enough for California - State's attorney...
Harris pulled out of nationwide talks with the banks in October, saying the proposed $ ... nation's five largest mortgage lenders -- Bank of America, Citibank, Wells Fargo, JPMorgan Chase
www.mortgagedaily.com/MctSettlementCa012612.asp
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M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.
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Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.
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