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Tag: Bank of America

Friday Round-Up — Bank Of America Makes Deal; Return of Rocket Docket?; Foreclosed Military To Receive Pay Day

Fri Mar 9, 2012 by on Florida Law News

Bank of America to Reduce Principal For 200,000 Underwater Homeowners First some good news, if you’ve got an underwater mortgage owned by Bank of America. BofA has come to a separate agreement with the US government to to help reduce some the fines it owes to the Housing and Urban Development Agency from last month’s huge settlement. Bank of America […]

Homeowner's Super Bowl — Clock Winding Down on Robo-Signing Settlement

The clock may have run out on this year’s Super Bowl (Way to go Giants!!) but there’s still a few minutes left in this year’s REAL grudge match, the Banks vs. the Attorney Generals. It’s 4th and Inches, the score is tied, and it would be nice to avoid overtime. Today we could learn whether the much-discussed robo-signing settlement with […]

Week In Review: DeMarco Doesn’t Get It; Scheiderman Sues Banks over MERS; Swiss Bank Charged with Tax Evasion

Fri Feb 3, 2012 by on Florida Law News

Freddie Mac’s Regulator ‘Completely Puzzled’ by Allegations of Conflict If Edward DeMarco is puzzled by the outrage over the revelation that Freddie Mac was investing in securities that paid off if homeowners couldn’t refinance, then call us puzzled by his puzzlement. Either he’s a bold-faced liar or he is just plain dense. Does he really not get it? DeMarco, the […]

Week In Review: Foreclosure and the GOP; Banks May Lose HAMP Money; Bondi Stands Behind Settlement; Stern Wants Fries With That

Fri Jan 27, 2012 by on Florida Law News

We’re finally starting to catch our breath, with the substantial amount of news we’ve seen come down the pipeline in the housing market this week. President Obama’s State of the Union, and the apparent collapse of the federal government’s settlement with the banks have been our focus this week, and rightfully so. But there’s been lots of other stories that […]

Week In Review: Federal Reserve Wakes Up; Fla. Foreclosures Down, Fannie Mae CEO Resigns, Banks Questioned Over Home Insurance Hikes

Now that the holidays are behind us and we’re well into the new year, news that will impact the foreclosure market in 2012 is starting to cross our desk. So what headlines were we talking about this week? Federal Reserve Wake-Up Call! This week we blogged about the Federal Reserve finally coming around and looking out for the homeowners, instead […]

#Occupy Your Homes, No Longer a Silent Protest for #OccupyWallStreet

Fri Dec 9, 2011 by on Florida Law News

    Home for the holidays? Long before we knew what an ‘Occupier’ was, Florida foreclosure defense attorney Roy Oppenheim talked about what he called Shay’s Rebellion 2.0 , a silent rebellion across the country of frustrated homeowners railing against the banks. Well that rebellion is no longer silent. In fact’s it’s a deafening roar. This week Occupy Wall Street […]

B of A Trading Modifications for Lawsuits

Fri Aug 19, 2011 by on Florida Law News

Good news for underwater homeowners? Possibly. Relaxed modification rules are one way to ensure you stay in your home at a price you will be able to afford. Bank of America is reportedly negotiating with both federal and state governments over limiting the legal liability it took on when it purchased Countrywide in 2008. When Bank of America bought Countrywide, […]

Real Estate Review: Mortgage Rates Set New Low, Homeowners Get More Time, Banks Get Blame and “Reverse Foreclosure”

Mortgage Rates Set Fresh 2011 Low After Jobs Report Fixed rate home mortgage loans dropped for the eighth straight week to a new low for 2011 amid concerns of another economic slowdown this year, according to data from Freddie Mac and a report by The Wall Street Journal. The 30-year fixed-rate mortgage averaged 4.49%, down from 4.55% last week and […]