Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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9/30/16

Wells Fargo heat turned up: Oregon wants big changes, California wants Stumpf to resign

Housing Wire

Answers call from eight senators to open investigation
Wells Fargo has its hands full these days. The beleaguered megabank is already facing a $185 million fine for the recent fake account scandal, which subsequently led to ongoing investigations from the House Financial Services Committee and the Department of Justice, not to mention a rough appearance before the Senate Banking Committee for Wells Fargo CEO John Stumpf.

9/28/16

We’ve updated our mortgage servicing rules to provide greater protections for mortgage borrowers and other homeowners

CPFB Today we are updating our mortgage servicing rules and expanding foreclosure protections for struggling borrowers and other homeowners. Our mortgage servicing rules that became effective in 2014 require that the companies that collect and process mortgage payments, known as servicers, give troubled borrowers direct and ongoing access to servicing personnel, promptly credit payments, and correct errors on request. The rules also include strong protections for struggling homeowners, including those facing foreclosure." 

9/28/16

Labor Department launches "top-to-bottom" review of Wells Fargo

Housing Wire

Answers call from eight senators to open investigation
Wells Fargo has its hands full these days. The beleaguered megabank is already facing a $185 million fine for the recent fake account scandal, which subsequently led to ongoing investigations from the House Financial Services Committee and the Department of Justice, not to mention a rough appearance before the Senate Banking Committee for Wells Fargo CEO John Stumpf.
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