The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
W S
Servicing / The Ticker

Banks fulfill mortgage relief settlement in California

california

According to the San Francisco Chronicle, three big lenders have fulfilled their requirements to provide mortgage relief in California as part of a side agreement under the National Mortgage Settlement reached in February 2012.

Bank of America (BAC), Wells Fargo (WFC) and JPMorgan Chase (JPM) were obligated to provide a total of $12 billion in mortgage relief in the state.

According to UC Irvine Professor Katherine Porter, who is monitoring the side agreement, the three banks combined have provided $18.4 billion in relief, exceeding their obligation to borrowers in the state. The numbers were provided by the banks and have not been independently verified.

Source: SF Chronicle
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus