CitiFinancial Servicing and CitiMortgage Ordered to Pay Up. – The Consumer Financial Protection Bureau (CFPB) today took separate actions against CitiFinancial Servicing and CitiMortgage, Inc. for giving the runaround to struggling homeowners seeking options to save their homes. The mortgage servicers kept borrowers in the dark about options to avoid foreclosure or burdened them with excessive paperwork demands in applying for foreclosure relief.
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Citi Names Peter Tague Co-Head of Mergers – The New York Times – Citi Names Peter Tague Co-Head of Mergers. Citigroup has named Peter Tague co-head of the bank’s global mergers and acquisitions team, a promotion that comes as the bank’s advisory business struggles to compete with those of other Wall Street giants. Mr. Tague, an investment banking veteran who led Citigroup’s M.&A.
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Borrowers get some legal leverage in CFPB servicing rules CFPB Imposes Hefty Fine on Mortgage Servicer for Alleged Violations of Servicing Rules.. CFPB’s servicing rules by keeping borrowers in the dark about. with the law. fay servicing, for its.
Is Digital Redlining Causing Internet Caste System? – Commerce, political engagement, health care, communication-such as making free international calls via Internet, education, job applications, company promotion. is not denied to any group of.
Citibank's "Sweet Deal" From Government – CBS News – Struggling Bank Gets $20B Lifeline, $306B In Loan Guarantees; Bush:. for troubled banking giant citigroup, once the country's biggest and. President George W. Bush said Monday he consulted with. and securities backed by commercial and residential mortgages. Right Rail – Video Promo – Listing.
Bank of America | TRD Research – The Real Deal New York – Bank of America is the second largest bank in the United States by assets ($2.1 trillion in 2013) and one of the largest companies in the country, period, by revenue ($88.94 billion in 2013).
Richmond Mayor committed to eminent domain fight · Foreclosure and the eminent domain solution explained Richmond, Calif.’s plan — which dozens of localities are considering — is facing legal and legislative challenges.Auction.com sells $65 million in commercial assets Brookstone Gets $73M Bid To Buy Airport Stores, IP Assets – Law360 (October 1, 2018, 8:49 PM EDT) — After a four-day auction. 11 on Aug. 2 with roughly $200 million in debt, returning to bankruptcy court five years after an earlier trip through the process.
THE EMPIRE AND EGO OF DONALD TRUMP – Donald John Trump exhibited a flair for self-promotion, grandiose schemes. Trump by his first name. ”Very little gets on paper around here. Donald does the work of 50 people in his head,” said.
Citigroup and Justice Department Plan Talks Over Mortgage. – The U.S. Justice Department and Citigroup plan to meet in May in opening discussions about a multibillion-dollar settlement that would end probes into how Citigroup handled bad mortgage-backed securities, the wall street journal reports. The meeting will be the first opportunity for both parties to.
FHFA launches pilot REO property sales Real Estate Owned (REO) | Federal Housing Finance Agency – Real Estate Owned (REO) FHFA is exploring new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac. The Fannie Mae’s and Freddie Mac’s REO portfolios are now stable and their individual retail sales are achieving close to fair market values for the properties.Moody’s Says US May Wind Down Fannie, Freddie Community bankers and mortgage lenders across the country are viewing with skepticism President Obama’s call to do away with government-backed mortgage giants fannie mae and Freddie Mac, as the.