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by Jon Prior
Mortgage servicers may have to review as much as $535 billion in loans for possible remediation to borrowers who suffered financially from improper foreclosures, according to an estimate from the investment bank Keefe, Bruyette & Woods.
This amendment offered by Congresswoman Maxine Waters (D-Calif.) was accepted by Republicans and included in the final bill H.R. 1249, the America Invents Act, that passed the Committee today. In introducing her amendment, the Congresswomand delivered the following remarks:
I have an amendment at the desk.
By Alejandro Lazo and E. Scott Reckard
Citing "pervasive" misconduct in foreclosures, federal regulators have ordered the nation's biggest banks to overhaul their procedures and compensate borrowers injured financially by wrongdoing or negligence.
By Dina ElBoghdady
Three federal agencies announced agreements with the nation's largest mortgage servicers Wednesday that aim to stem shoddy foreclosure practices. But the plans do not immediately impose financial penalties on the companies or force them to reduce the mortgage debt for troubled borrowers.
By Lorraine Woellert
The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, the first of a set of sanctions regulators are seeking against the companies.
Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, released the following statement today:
Congresswoman Maxine Waters (D-Calif.) issued the following statement today, congratulating the California Science Center in Los Angeles on its selection as one of four institutions nationwide to receive a NASA spacecraft.
by Josh Grossberg
Even though a last-minute deal staved off a federal government shutdown the night before, thousands of people came to a park near Inglewood on Saturday to warn their elected officials not to cut spending to programs they hold dear.
by Kaitlin Parker
Hundreds of South LA residents gathered at Jesse Owens Park today to attend a community meeting on federal budget cuts hosted by Congresswoman Maxine Waters.
By Marc H. Morial
What do American Express, Merck, Xerox, Darden Restaurants, and Citibank have in common?