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News Headlines - mortgage bankruptcy


Lawsuit: Wells Fargo revised mortgages in bankruptcy without permission
Wells Fargo faces new accusations that it tried to capitalize financially on its customers without their permission — this time by allegedly modifying mortgage terms for people who had filed for bankruptcy protection. With the smoke still lingering ...
Borrowers say 'stealth' mortgage modifications by Wells Fargo could cost them their homesLos Angeles Times
New Wells Fargo scandal over modifying mortgages without authorizationCNNMoney
Lawsuits claim Wells Fargo modified mortgages without customer permissionWashington Post
Business Insider -New York Times -TheStreet.com -Zacks Investment Research
all 140 news articles »

New York Times

Wells Fargo Is Accused of Making Improper Changes to Mortgages
New York Times
Even as Wells Fargo was reeling from a major scandal in its consumer bank last year, officials in the company's mortgage business were putting through unauthorized changes to home loans held by customers in bankruptcy, a new class action and other ...

Wall Street Journal (subscription)

Mortgage Trustees Accept Lehman's $2.4 Billion Bankruptcy Offer ...
Wall Street Journal (subscription)
Lehman Brothers Holdings Inc. has won more support for a proposal to pay at least $1 billion to investors holding soured mortgage debt, deepening a divide ...

and more »


Protect yourself from unauthorized mortgage modifications
It's unclear how many of the unauthorized loan changes Wells Fargo is alleged to have made (the company has denied wrongdoing), but if you've filed for bankruptcy, pay attention to what's happening to your mortgage, especially if you live in a ...

Daily Mail

Boris Becker goes on Twitter tirade insisting he is NOT on his uppers after being declared bankrupt over failure to ...
Daily Mail
Tennis legend Boris Becker has insisted that he is not bankrupt, after proceedings were brought against him over his failure to pay millions of pounds in debt. The three-time Wimbledon champion, 49, took to Twitter to say he was 'surprised and ...
Former Wimbledon champion Boris Becker declared bankrupt over $5.6 million debt owed to private bankThe Advertiser
Boris Becker declared bankruptThe Australian
Wimbledon champion Boris Becker declared bankruptBBC News

all 118 news articles »

Allentown Morning Call

Allentown attorney sanctioned for mishandling bankruptcy cases
Allentown Morning Call
According to the opinion, Croslis collected fees from his clients both to negotiate mortgage modifications and file bankruptcy papers if necessary. His actions violated the Bankruptcy Code, bankruptcy rules, Federal Trade Commission Rules and the ...

Yahoo Finance

Bankruptcy guru Edward Altman sees similarities to 2007 in the credit market today
Yahoo Finance
“There are some similarities, yes, although the situation back in the great financial crisis was pre-meditated by the mortgage-backed securities and we don't have that problem now,” he said. Troublingly, Altman sees the reckless behavior of 2007 ...


Wells Fargo Accused Of Adding Years To Modified Mortgages Without Telling Borrowers
Wells Fargo has once again found itself in the middle of a growing scandal, as the bank faces accusations of making unauthorized changes to the mortgage loans held by customers who have entered into bankruptcy. This issue came to light after multiple ...

and more »

Business Wire (press release)

Keller Rohrback L.L.P. Investigates Reports that Wells Fargo Made ...
Business Wire (press release)
Attorney Advertising: Keller Rohrback L.L.P. is investigating recent reports that Wells Fargo (NYSE: WFC) has been improperly modifying the terms of c.

and more »
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