Lawsuits Canvas Top Mortgage Lenders

Class action lawsuits are popping up across the nation, not a surprise to many.  Law firms are announcing their formation of sub-prime lending task forces and teams.
The top players in the mortgage service industry all face litigation: Bank of America, Wells Fargo & Co., JP Morgan Chase & Co. and Citigroup Inc.  In total 195 [...]

Mortgage Delinquencies Continue to Increase

The Office of the Comptroller of the Currency and the Office of Thrift Supervision report that mortgage delinquencies are still rising, and re-defaults of modified mortgages are high and rising quickly. The report covers two-thirds of all U.S. mortgages.
Over 40% of loan modifications are at least 2 months delinquent within 8 months. [...]

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