Page 4 - Foreclosure Practices News Today

There. this is being spearheaded by a group, a committee, of seven attorneys general led by iowas tom miller, as well as floridas attorney general pam bony. heres what iowas attorney general sent out, quote, while attorneys general are free to criticize an agreement that does not yet exist we expect youll soon see the tanible results of our year long efforts to address improper servicing and foreclosure practices and provide relief to homeowners. exactly how much principal reduction relief could...

And welcome back to msnbc. im craig melvin. some air travelers will have an easier time getting through security checkpoints at four major u.s. airports today. in exchange, those passengers will have to provide some personal information to the government. jury selection starts today in the trial of the nigerian man accused of trying to bring down an airplane with a bomb in his underwear. in court, the suspect said that anwar al awlaki, a top al qaeda cleric killed by a u.s. air strike last wee...

Company was tipped off about improper foreclosure practices by lawyers all the way back to 2003. however, according to the report, it took fannie two years to hire a law firm to investigate. and once the investigation found abuses, the company still did nothing. a broader report into abuses at fannie mae and its sister company freddie mac due out later this fall. two of dr. conrad murrays girlfriends are expected to take the stand at their manslaughter trial. the women say he was on the phone wi...

Dangerously close to bear territory. as of yesterday, the s&p is down 19.4. airlines were the biggest losers. american airlines parents amr plunged 33% on bankruptcy fears. stocks got an early boost from an unexpectedly strong u.s. manufacturing report. but thanks to weak global production that optimism was short lived. domestic automakers chrysler, gm and ford all reported healthy sales jumps over last year while toyota and honda struggled with the effects of this years tsunami. a governmen...

police through a private entrance. her murder conviction overturned yesterday. knox sobbing uncontrollably when this verdict was read. so emotional, she had to be helped from the courtroom. her friends say the first thing she wants to do when she returns home to seattle is lie down on a green field. lets get the latest from becky anderson live in perugia, italy this morning. do we have a timetable for knox departure, becky? >> reporter: yes. we believe shes gone. its now mid-day local ...

foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers dont like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebo...

Well, theres been a lot of focus on bad mortgages. the governments failure to help. weve also heard about negligence on the part of lenders. the so-called robo signers are just the beginning. msnbcs lisa myers continuing her coverage. hi, leaseia. >> hi, dylan. as you noted in the last few months, theres been a lot of talk about robo signing and a host of other improper foreclosure practices by the banks. our nbc news investigation wound this is more than just sloppy paperwork. in many cases, it...

Is your country more important? we showed you earlier, last week, the union workers in detroit, protesting bank of america to try to force it to shut down. this isnt the first time. tomorrow national peoples action is calling for people to flood the attorney generals office with phone calls to demand the attorney general stand with the homeowners and not big bank to investigate foreclosure practices. i dont think union members want to destroy america, but if you stay silent you will have the sam...

Criminally. they want to see a strong settlement with principal write-down for millions of mortgages. they say its not enough to change the way they modify loans or change the procedures of the foreclosure practices. they want to see lower loan balances because of so many borrowers under water on their loans. but again, thats a slippery slope. banks are arguing if you give principal write-down to one borrower, theres a thousand behind them claiming they should get their loan reduced, too, and pr...

Investigation of foreclosure practices. the states are accusing some banks ofç using faulty documen to evict people. a new york times report cites incompetence, disorganization and sheer laziness by some banks. diana olick joins us now from washington. this is one of the hottest topics you can find these days. people are talking about it on the internet. theyre talking about it in the neighborhoods. what can we learn from these latest numbers about the number of people who are getting kicked o...