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Foreclosure Robo-Signing Scheme

Despite foreclosures , consumer spending rose during recession?

FBN’s Charles Payne compares the consumer spending data and the number of foreclosures during the recession.

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  1. Lawmakers seek mortgage settlement documents from regulators

    Lawmakers on Thursday asked bank regulators to turn over documents related to the $8.5 billion settlement that ended a government-mandated review of crisis-era forec...

  2. Florida Robo -Signing Firm Agrees to $121M Settlement

    It may not be criminal, but something was definitely wrong and bad enough for a mortgage servicing company and its affiliates to agree to pay $121 million to several...

  3. Bank of America Net Plunges 63% on Charges; Shares Sell Off

    Bank of America Corp.'s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FN...

  4. Housing Market in 2013: What to Expect

    When the housing market imploded in 2007 and took the economy with it, experts said the real estate market would never look the same again. Now, nearly six years aft...

  5. In Wake of Mortgage Mess, Servicers Get New Rules

    The U.S. Consumer Financial Protection Bureau announced new rules for mortgage servicers on Thursday to help prevent the sloppy practices that aggravated the U.S. fo...

  6. Bank of America Net Plunges 63% on Charges

    Bank of America Corp.'s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FN...

  7. Bank of America 4th-Quarter Net Plunges 63% on Charges, Lower Revenue

    Bank of America Corp.'s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FN...

  8. Consumer bureau issues rules to clean up mortgage servicing

    The U.S. Consumer Financial Protection Bureau announced new rules for mortgage servicers on Thursday to help prevent the sloppy practices that aggravated the U.S. fo...

  9. J.P. Morgan Net Jumps 53% on Strong Revenue, Credit

    J.P. Morgan Chase & Co.'s (JPM) fourth-quarter earnings surged 53% as the bank recorded strong revenue, while credit continued to strengthen.The largest U.S. bank by...

  10. J.P. Morgan's 4th-Quarter Net Jumps 53% on Strong Revenue, Credit

    J.P. Morgan Chase & Co.'s (JPM) fourth-quarter earnings surged 53% as the bank recorded strong revenue, while credit continued to strengthen.The largest U.S. bank by...

  11. Wells Fargo 4th-Quarter Net Rises, But Mortgage Pipeline Falls

    Wells Fargo & Co.'s (WFC) fourth-quarter profit rose 24% and revenue exceeded expectations, but the bank continues to suffer from low interest rates and a mortgage b...

  12. Wells Fargo Net Pops 24% on Strong Mortgage Banking

    Wells Fargo & Co.'s (WFC) fourth-quarter profit climbed 24% as the nation's fourth-largest bank by assets recorded strong mortgage-banking income and credit, althoug...

  1. Wells Fargo accused of fabricating foreclosure documents

    Bankruptcy lawyer Linda Tirelli on the lawsuit against Wells Fargo.

  2. Nov. Foreclosure Filings Drop 15%: RealtyTrac

    Foreclosure starts dropped to a 95-month low as November foreclosure filings fell 15%, RealtyTrac said Thursday. The 113,454 foreclosures last month also represent a...

  3. Wells Fargo Sued for Non-Compliance Deal

    The New York Attorney General's Office said Wednesday it is suing Wells Fargo (NYSE:WFC), the largest U.S. mortgage lender, to force the bank into compliance with th...

  4. GMAC Mortgage to pay $230 million as part of foreclosure review

    The Federal Reserve said on Friday that GMAC Mortgage will make $230 million in cash payments to borrowers, in a move that will end an independent, case-by-case revi...

  5. California Attorney General Sues J.P. Morgan Over Alleged 'Fraudulent and Unlawful Debt-Collection Practices'

    California Attorney General Kamala Harris sued J.P.Morgan Chase & Co. (JPM) in state court on Thursday, claiming the bank has "run a massive debt collection mill tha...

  6. Robo-Signed Collection Cases Under Fire

    Millions of debt collection cases could be fatally flawed -- even when a judge has already banged down the gavel and allowed a debt buyer to seize a debtor's assets....

  7. Bernanke: Housing Market Has Hit Bottom, Is Recovering

    Federal Reserve chief Ben Bernanke gave a cautiously optimistic view of the U.S. housing market on Wednesday, saying evidence suggested that the market had hit the b...

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