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The Federal Deposit Insurance Corp. named Mark Pearce director of its newly-established Division of Depositor and Consumer Protection.
October 13 -
Wells Fargo Home Loans has agreed to review pending foreclosures where the borrowers are generally delinquent 10 months or more, according to a company spokeswoman.
October 12 -
Despite historically low mortgage rates, homeowners are having a hard time refinancing their loans, according to Federal Reserve Board staff.
October 12 -
The merger of the Office of the Comptroller of the Currency and Office of Thrift Supervision is shaping up to be the match made in regulatory hell.
October 12 -
State banking regulators and several attorneys general are forming a multi-state task force to investigate the nation's foreclosure crisis, zeroing in on whether servicers cut corners on their paperwork.
October 12 -
A Nigerian national who headed a multi-national identity theft and fraud ring, which involved stealing money from home equity lines of credit accounts, was sentenced to 69 months in prison.
October 12 -
WASHINGTON—A replacement for the Home Valuation Code of Conduct is coming soon and the Federal Reserve Board is also working on new rules for ensuring lenders and others don’t exert undue influence on the appraisal process.
October 11 -
The Obama administration said it does not support halting foreclosures nationwide on the grounds that it could delay and hurt a recovery in the housing market.
October 11 -
On Sept. 29, Lawrence William Dunning, 78 of Highland Beach, Fla., was sentenced to 24 months in federal prison and ordered to pay restitution of $2,889,492 followed by three years of supervised release for mail fraud. Additionally, three individuals have been sentenced for their roles in the multi-million-dollar Ponzi scheme or other related offenses, and two more individuals await sentencing.
October 10
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As waves of foreclosures and a strained economy continue to ravage neighborhoods throughout the country, public agencies, private companies and residents are banding together to develop solutions to preserve their communities and make sure they come back stronger than ever.
October 8