As Foreclosure Problems Persist, Fed Seeks More Fines

Can I Buy a Foreclosed House for Less Than They Ask?. During several steps of the foreclosure process, interested buyers might purchase the house for less than the asking price.. More Articles You’ll Love. Ways to Buy Houses Cheaply.

While a foreclosure is a specific legal action, it’s also a process. Once your house is truly foreclosed and you have no ownership of it, you have almost no responsibilities to the home any more. When you’re still going through the foreclosure process, the house is still yours and it’s your responsibility..

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The Fed said sanctions in the form of fines will be included in addition to the corrective actions, but will be announced at a later date.. Feds sanction mortgage servicers for foreclosure.

In an appeal that garnered significant attention from consumer groups who filed briefs as amici curiae, the Supreme Court of Pennsylvania recently held that any entity that charges excessive attorney’s fees in connection with a foreclosure may be liable for treble damages, fines, and attorney’s.

The Federal Reserve on Friday announced fresh penalties against five banks as it terminated enforcement action against 10 big banks due to foreclosure violations. The Fed announced fines of $35.1.

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Banks Find More Foreclosure Problems. By William Alden March 4, in part because of a fine to settle money-laundering charges. The bank reported profit fell to $13.5 billion in 2012 from $16.2 billion in 2011, missing analysts’ expectations.. The New York Fed’s Promise to Bank of.

Oh not for you (unless you are a banker) but for all of Ben’s best buddies, as the Fed. more BS from Ben, but this time the markets may not be biting as we have the FHFA Housing Price Index at 10.

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The Goldman Sachs headquarters in New York. In an enforcement case that has stretched across seven years, the Fed is ending its role by fining five companies, the agency said in a statement. More.