$25 billion mortgage settlement in works

Thursday, January 19th, 2012

The five banks— Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial, all major mortgage lenders in Georgia — and the state attorneys general could adopt the agreement within weeks, the Associated Press reported Monday, citing unnamed government officials briefed on the discussions. The agreement could change mortgage ...

For Mortgage Defaulters, More Loans for the Taking

Sunday, May 29th, 2011

After years of turning down all but the best borrowers, banks and other lenders are now extending credit to a surprising group of customers: former homeowners who defaulted on their mortgages. In another sign that borrowing is easing up, some banks are extending credit beyond the ...