Citibank, Wells Fargo Halt Foreclosure Sales Due To New Rules



Two of America’s biggest banks have announced a temporary halt to foreclosure sales in several US states. Citigroup and Wells fargo said that the move was a precautionary measure after federal regulators made changes to guidance on the minimum standards applied to foreclosure transactions in the affected states.

Sheila Bair’s New Book – “Obama Administration Never Intended To Help Homeowners”



Former Chairmain of the Federal Deposit Insurance Corporation, Sheila Bair, has written a new book about the housing / banking crisis of 2008. As head of the FDIC at the time, Bair had a front row seat during the battle to save the housing market, banking and the economy.

US Banks Agree Foreclosure Settlement Worth $26 Billion



The US government has just announced a deal with five of the country’s biggest banks that will see homeowners given more than $25 billion as part of a settlement over foreclosure abuses.

Banks Ordered to Reimbursh Wrongly Foreclosed Homeowners



The U.S. federal government has ordered 16 of the largest lending institutions to pay back those customers who did not get proper foreclosures.  Among those on the list are Citibank, JPMorgan Chase, Bank of America, and Wells Fargo, the four largest banks in America. This is the governments latest jab at mortgage lenders designed to […]

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