Fed Looking to Slap Wrists of Smaller Mortgage Servicers

By: Monday April 2, 2012 6:17 am

Because we know that foreclosure fraud is a pervasive and industry-wide problem, we know that other servicers beyond the big 5 would eventually get sanctioned in some way for their role in it. Wells Fargo, Bank of America and JPMorgan Chase made up over 46% of the mortgage servicing market by the end of 2011, [...]

Bair Proposes Nationwide Claims Commission for Foreclosure Victims

By: Wednesday January 19, 2011 9:29 am

Marcy’s right; you cannot write the story of the economy without writing about housing and foreclosures, and the fact that Peter Baker thinks he can is an indictment of economic literacy in the media. It’s just obvious that continued slack in the housing market threatens any type of recovery, but precious few people in positions [...]