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Real Estate & Property Law

: Housing Wire

Gap Widens Between Prime, Subprime Borrowers

By PAUL JACKSON

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New data released this week by the HOPE NOW coalition of servicers, lenders and investors shows clearly that while the nation’s foreclosures decreased during November, the disparity of available help between subprime and prime borrowers continues to grow. According to the group, just 69,075 foreclosures were completed during November nationwide, down 13.9 percent from Oct.’s [...]

Full post as published by Housing Wire on December 23, 2008 (boomark / email).

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Lawsuits and Settlements

Goldman Sachs
Agrees $60 Million Subprime Settlement in Massachusetts

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.

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