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Tag Archives: mortgage

Lawyers uneasy about national loan data collection

Recent Senate hearings have sparked renewed debate over a national mortgage database that will hold information about millions of mortgage, credit card and auto loans, loan terms, borrowers’ credit profiles and financial information.

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4 charged in mortgage fraud scheme

MINNEAPOLIS (AP) — Four people from Minnesota and Wisconsin are charged in what authorities are calling a “sophisticated mortgage fraud scheme” involving fake documents — including phony divorce decrees and the forged signature of a Minnesota judge. The case involves the sales of foreclosed properties in the Twin Cities area and tens of millions of dollars in federally guaranteed mortgage ...

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Attorneys general want more safeguards on foreclosures

By Marcy Gordon AP Business Writer Washington — Iowa’s attorney general is predicting it will be several months before reaching a deal with five big U.S. banks to change the foreclosure system, compelling lenders to modify more struggling homeowners’ loans. Iowa’s Tom Miller is a leader of the negotiations with the banks by the 50 state attorneys general and federal ...

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Van Hollen part of AGs group reviewing foreclosures

Iowa Attorney General Tom Miller Wednesday unveiled the details of the multi-state mortgage foreclosure working group created to review the practice of “robo-signing” and other issues that have arisen against banks and mortgage processing firms.

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