mortgage foreclosures
Citigroup: The Most-Shorted Stock in America
Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank's stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.
Why New York Foreclosures Are Grinding to a Halt
On Oct. 20, the state's chief judge ended robo-signing by requiring a special affirmation from the banks' attorneys. They now must swear that they know the banks' documents are true because they checked the paperwork. The result: nearly empty courtrooms statewide.
Bank Regulators Agree: The Mortgage Mess Poses Massive Risk
The Senate Banking Committee held its second hearing on problems in mortgage servicing today, and the news is grim.
Robo-Signing: Class Actions Raise More Troubling Questions
Lender Processing Services plays a key role in the mortgage foreclosure process as a go-between for banks and lawyers handling foreclosures. But two class actions challenge how LPS and a similar firm do business. At stake: Potentially billions of dollars in attorney's fees.