Showing Tag: "chase" (Show all posts)

NY - Loan Modification Law Suit Against Chase

Posted by Michele A Peters on Wednesday, May 9, 2012, In : Foreclosure Prevention

Picini v. Chase Home Finance, 11-CV-2393(JS)(GRB), NYLJ 1202544590023, at *1 (EDNY, Decided Feb. 16, 2012), Seybert, J.

Borrower Alleged That Bank Engaged in "Deny and Delay" Tactics That Prevented a Permanent Loan Modification Even Though the Borrower Complied with Required Payments

Original Article By Scott Mollen, Esq. published in the New York Law Journal May 9, 2012

I am posting here Scott Mollen's excellent summary of this Eastern District of New York case - Picini v Chase because as a ...
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Federal Government & Attorneys General reach landmark settlement with major banks

Posted by Michele A Peters on Monday, March 12, 2012, In : Foreclosure Prevention

Roughly $25 billion in relief for distressed borrowers, states and federal government.

After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers:

    Ally/GMAC
    Bank of America
    Citi
    JPMorgan Chase
    Wells Fargo

The settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal go...
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Settlement Refinance Program - Chase Reports

Posted by Michele A Peters on Monday, March 12, 2012, In : Foreclosure Prevention

As part of the attorneys general settlement, the banks report today that they are completing a review to determine accounts that may be eligible for the refinance option. Chase claims that if you are eligible for a refinance through the settlement, they will notify you by mail in the next few months. "You do not need to apply."

Your loan must be owned and serviced by Chase
Please note that your loan must be owned and serviced by Chase in...
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US Gov't to Extend and Expand Foreclosure Program

Posted by Michele A Peters on Friday, January 27, 2012, In : Foreclosure Prevention

Well, some interesting news was published today in the New York Times.

The Associated Press reported that The Obama administration will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.

The Home Affordable Modification Program will also be extended through 2013.

The government will triple the financial incentives for private lenders to reduce the principal amount of mortgages for homeowners at risk of losing their homes. And ...
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