consumer advocates
Lenders pledge better updates
Posted February 8th, 2008 by AdminUnder pressure from Congress and consumer groups, firms say they'll give more details on the progress of reworked home loans. Facing pressure from Congress and consumer advocates, lenders are pledging to provide stronger evidence of their progress in reworking costly home loans to prevent borrowers from being foreclosed.
BofA deal promises consumers more stability, less choice
Posted January 12th, 2008 by AdminThose with loans serviced by Countrywide should avoid some chaos, but future borrowers may find their options more limited. Consumer advocates and mortgage experts didn't know whether to cheer or jeer the announcement that Bank of America had agreed to purchase troubled Countrywide Financial Corp.
Mortgage lender pressed to ease terms
Posted November 22nd, 2007 by California Home LoanLOS ANGELES - Consumer advocates, minority groups and homeowners, some chanting "Save our homes, fix our loans," staged a demonstration outside Countrywide Financial offices Wednesday, part of a campaign to press the nation's largest mortgage lender to do more to help borrowers in danger of
Groups protest Countrywide actions
Posted November 22nd, 2007 by AdminThose at the San Diego event urge more help for mortgage borrowers at risk of foreclosure. Consumer advocates, minority groups and homeowners -- some chanting "Save our homes, fix our loans!" -- staged a demonstration outside Countrywide Financial Corp. offices Wednesday, part of a campaign to press the nation's largest mortgage lender to do more to help borrowers in danger of foreclosure.
Few hospitals screen for 'superbug'
Posted October 24th, 2007 by AdminCountrywide refi plan gets cool reaction
Posted October 24th, 2007 by AdminIts share price falls after it says it will rewrite or modify $16 billion in loans. CEO Mozilo may face more pressure. Countrywide Financial Corp. unveiled a plan Tuesday to refinance or modify $16 billion in loans to help struggling borrowers, drawing cautious praise from some consumer advocates. But the lender's stock sank to a four-year low.
Criticism rains down on mortgage industry (USA Today)
Posted October 23rd, 2007 by Mortgage Rates AdminA public outcry against the mortgage industry is growing louder. Lawmakers, regulators and consumer advocates say they are increasingly worried about the fallout from a record number of homes going into foreclosure. They're pushing the industry to move faster to aid homeowners, by forgiving past-due amounts, lowering rates and shifting people into fixed-rate loans.
Bill seeks to shed light on 401(k)s
Posted October 5th, 2007 by AdminIt would require better fee disclosure. Critics warn of higher costs and investor confusion. Consumer advocates say better disclosure of fees for 401(k) plans would lead to bigger retirement nest eggs for millions of Americans. But business groups Thursday made clear they would fight legislation that would mandate a comprehensive listing of all such expenses.
California seeks ways to ease mortgage morass (San Francisco Chronicle)
Posted August 22nd, 2007 by Mortgage Rates AdminHomeowners and consumer advocates urged a state Senate committee to help save foreclosure victims' homes and improve lending standards on Tuesday, the same day a study showed that foreclosure filings in California almost quadrupled in July compared with a...
California seeks ways to ease mortgage morass (San Francisco Chronicle)
Posted August 22nd, 2007 by Mortgage Rates AdminHomeowners and consumer advocates urged a state Senate committee to help save foreclosure victims' homes and improve lending standards on Tuesday, the same day a study showed that foreclosure filings in California almost quadrupled in July compared with a...