Page 5 - Foreclosure Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

These practices. there is this settlement. and part of the settlement is you can't do this anymore. how did you guys come to decide they were in violation of the settlement? >> well, the servicing settlement has -- provides for relief for homeowners, but also has 304 specific rules the banks have agreed to follow. so in new york, we invested in a network of housing counselors and legal service providers because when i took office, half of the families being foreclosed on were going through the foreclosure process without speaking to a lawyer once. we decided to change that. as a result, we got...

And part of the settlement is you can't do this anymore. how did you guys come to decide they were in violation of the settlement? >> well, the servicing settlement has -- prize for relief for homeowners, but also has 304 specific rules the banks have agreed to follow. so in new york, we invested in a network of housing counselors and legal service providers because when i took office, half of the families being foreclosed on were going through the foreclosure process without speaking to a lawyer once. we decided to change that. as a result, we got this great network out there that have been h...

Books. here's the good news, dimarco is on his way out and president obama wants to replace him with this man, congressman watt, on the banking committee and distinguished himself on borrowers and predatory lending, good news where the american homeowner is being screwed by the banks and powers in washington as well. we're reminded what happens when you don't give people a break in principle, the underlying amount of the mortgage they've taken out, you don't discount that price you get the long foreclosure process that has been happening in this country since the great recession and evolved wh...

20% deline from last year. analysts still lock way to go to reach the levels before the 2008 housing bubble burst and sent foreclosures through the roof. peter barnes with more if there d.c. what about delinquent mortgages tonight, peter. >> the number of mortgages with missed monthly payments has fallen to below 5 million for the first time since august 2008. that's down from a peak of about 7.7 million delinquent mortgages in january 2010. this new report from learned processing services covers homeowners who missed their regular monthly payment to those in the foreclosure process as of marc...

A settlement over what are astoundingly widespread practices of deceit, malfeasance and incompetence of banks in wrongfully foreclosing on homeowners. today focused on part of that. and the history goes like this. it's amazing. a few keys, it became completely clear the foreclosure process in this country was a complete disaster. it began to look very embarrassing for a certain entity, the occ, that was charged with regulating the very same banks that were so obviously screwing it all up. the basic stance for the occ was, don't worry, we got this. they began what was called the independent for...