The Banking and Strategy Initiative

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Tag Archives: Foreclosure

Bank Results Season: HAMP and HARP missed at Wells Fargo earnings fest

For the mortgage leader in Continental USA, the closing out of all foreclosure refinancing deals is the primary concern alongwith lower NIMs even as current market allowed it to take … Continue reading

April 12, 2013

BofA $8.5 BLN settlement still subject to query from Eric Schneiderman | Legal insight

The New York Attorney General, emboldened by his $25 bln settlement with BofA and Ally Financial among others in 49 states that was validated by courts, continued questioning the pennies … Continue reading

April 11, 2012

US Economy: Housing Market Indices start the hope run

The budget’s 4% cut in Defense spending and the increase (nominally) of over 5% to Medicare, Medicaid and Social Security were probably not the reasons the Euro downgrades of yesterday … Continue reading

February 15, 2012 · 3 Comments

US Economy: The MBA refinancing report?

the MBA report Composite index grew a healthy 7% as the refi grew 9% and the Purchase index stood still at rates below 3.5% for the mortgage market. The Housing … Continue reading

February 8, 2012 · 5 Comments

Reputational Scars and a Mortgage Settlement | Consumer insight

Even as Bank of America and Chase among 3 other banks try to score a settlement with California, Oregon and other affected states, the New York Attorney Generals made use … Continue reading

February 4, 2012 · 2 Comments

The Housing recovery 2012: The Umbrella settlement with states to include $5 mln penalties

Banks are close to a single unified settlement with multiple US State Attorney Genrals valued at $25 bln when last heard. The new settlement will give states the power to … Continue reading

February 1, 2012 · 2 Comments

$25 bln settlement with US AGs for 8 mln mortgages

The Top 5 banks JP Mrgan, BofA, Wells Fargo, Citi and Ally have agreed to sign a settlement with the AGs apart from agreeing to reform Foreclosure processes in the … Continue reading

January 26, 2012 · 2 Comments