Is Wells Fargo Doing Enough To Maintain Foreclosures? By Alan Zibel, Wall Street Journal, April 10, 2012 Wells Fargo & Co. has made progress in cleaning up its finances since the housing market went bust. But is the banking giant doing enough to clean up the foreclosed homes it owns? A housing-advocacy...
One Million Borrowers May Get Mortgage Writedowns By Margaret Chadbourn, Reuters, Jan 19, 2012 About one million American homeowners would get writedowns in the size of their mortgages under a proposed deal with banks over shady foreclosure practices, U.S. Housing and Urban Development Secretary Shaun...
The White House announced today a broad new expansion of its foreclosure prevention initiative aimed at reducing mortgage loan balances by refinancing millions of delinquent borrowers into government-backed loans with lower payments. After widespread criticism that previous efforts have done little to...