-
Real Estate News
Denver Real Estate Blogger Categories
Denver Real Estate Blogger Pages
Search Denver Real Estate Blogger
Recent Comments
Tag Archives: Tom Miller
Forty States Sign On to Foreclosure ‘Robo’ Settlement
After more than a year of negotiations, attorneys general from more than 40 states signed on to a proposed settlement agreement with five of the nation’s largest mortgage servicers over “robo-signing” foreclosure processing abuses, according to the lead negotiator, Iowa … Continue reading
Posted in Denver Real Estate News
Tagged Ally, Bank Of America, Borrowers, Citigroup, Co Chair, Eric Schneiderman, Foreclosure Relief, Iowa Attorney General, Jpmorgan Chase, Kamala Harris, Mortgage Finance, Mortgage Foreclosure, Mortgage Principal, Mortgage Servicers, Negotiator, Restitution Payments, Settlement Agreement, State Officials, Tom Miller, Wells Fargo
Comments Off
Running Robo-Settlement Numbers
A potential $25 billion settlement between the nation’s four largest banks and the 50 state attorneys general over faulty foreclosure processing is imminent. Or at least it’s closer than it’s been, given that we are now well over a year … Continue reading
Posted in Denver Real Estate News
Tagged Eligible Borrowers, Fannie Mae, Fannie Mae And Freddie Mac, Federal Foreclosure, Fha, Figure 17, Foreclosure Relief, Freddie Mac, Imf, Iowa Attorney General, Last Friday, Mortgage Backed Securities, Mortgage Borrowers, Mortgage Finance, Negotiation Team, Restitution, Settlement Numbers, State Attorneys, Team Leader, Tom Miller
Comments Off
New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Settlement
Barely a few days ago, word was that a settlement among state attorneys general and the big banks over faulty foreclosure practice, i.e. “robo-signing”, was imminent. In fact, there was a big meeting on Monday in Chicago to try to … Continue reading
Posted in Denver Real Estate News
Tagged Donovan, Federal Prosecutors, Financial Crimes Unit, Guggenheim Partners, Housing And Urban Development, Housing Market, Iowa Attorney General, Jaret, Mortgage Originations, Naught, Negotiator, Obama, Perelli, Recklessness, Risky Mortgages, Secretary Of Housing And Urban Development, State Attorneys, State Of The Union, State Of The Union Address, Tom Miller
Comments Off
Foreclosure Fight Needs to Find Fast Answers
As federal regulators clamp down on foreclosure procedures at the big banks, and the government sets new lender requirements for risk retention in residential mortgages, the cry from the industry is that this will only hamper the housing recovery and … Continue reading
Posted in Denver Real Estate News
Tagged Borrowers, Capitol Hill, Consumer Advocates, Default Rates, Equity Requirements, Flank, Home Ownership, Inaccurate Assumptions, Inaccurate Conclusions, Meaningful Impact, Mortgage Bankers Association, Mortgage Interest Rates, Mortgage Principal, National Association Of Home Builders, Residential Mortgages, Responsible Consumers, Risk Retention, State Attorneys General, State Group, Tom Miller
Comments Off
Banks Fight Mortgage Principal Reduction
At the end of a day-long negotiation session over the foreclosure paperwork mess at the Department of Justice, Iowa Attorney General Tom Miller and Associate Attorney General Thomas Perrelli came out for a brief chat with reporters. They essentially said … Continue reading
Posted in Denver Real Estate News
Tagged Associate Attorney General, Bank Executives, Comptroller Of The Currency, First Meeting, Iowa Attorney General, Jamie Dimon, Jp Morgan, Jp Morgan Chase, Jpm, National Banks, Negotiation Session, Office Of The Comptroller Of The Currency, Office Of Thrift Supervision, Perrelli, Principal Reduction, Spokespeople, State Ags, Sticking Point, Thrifts, Tom Miller
Comments Off
Mortgage Principal Reduction in Play
This week state attorneys general from Virginia, Texas, Florida and South Carolina sent a letter to their colleague in Iowa, Attorney General Tom Miller. He is leading the 50 state investigation into the so-called “robo-signing” foreclosure paperwork scandal. Recently he … Continue reading
Posted in Denver Real Estate News
Tagged Ags, Default Rate, Disservice, Economic Downturn, Exact Details, Frictions, Iowa Attorney General, Loss Mitigation, Mitigation Requirements, Moral Hazard, Mortgage Securities, Negative Equity, Principal Reduction, Slippery Slope, State Attorneys, State Investigation, Texas Florida, Tom Miller, Top Mortgage, Unintended Consequences
Comments Off
JPMorgan Fights Back on Forced Principal Forgiveness
It’s not like we didn’t already know the banks were opposed to forgiving principal on troubled loans, even though they claim they are doing a little of that now. But today CNBC’s Melissa Francis got an earful from JPMorgan Chase’s … Continue reading
Posted in Denver Real Estate News
Tagged Cnbc, Earful, Elizabeth Warren, Iowa Attorney General, Jpm, Jpmorgan Chase, Mortgage Principal, Paperwork Issues, Principal Reduction, Retail Financial Services, Richard Shelby, Senate Banking Committee, Senate Republicans, Settlement Proposal, Shakedown, State Ags, State Attorneys, State Investigation, Term Consequences, Tom Miller
Comments Off
Protesters Ream State AGs over Foreclosure Settlement
There is no official settlement. There is no multi-billion dollar fund or penalty and there is no word from Federal Regulators as to how the banks will ultimately “fix” the foreclosure paperwork issues. Yet. But a meeting here in DC … Continue reading
Posted in Denver Real Estate News
Tagged Ag Miller, Borrowers, Chris Koster, Chump Change, Deputy Attorney General, Dollar Figure, Dollar Fund, Foreclosure Loan, Iowa Attorney General, Loan Modification, Missouri Attorney General, Mortgage Woes, Paperwork Issues, Principal Reduction, Protesters, Shot Across The Bow, Shouts, State Ags, State Attorneys General, Tom Miller
Comments Off