Wells Fargo will not join BofA in foreclosure suspension

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Bank of America has $18.7 billion, or 4.39%, and Wells Fargo has $17.5 billion, or 4.74%. The three big mortgage lenders have billions more in servicing rights on loans in foreclosure.

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America’s largest servicer, Bank of America [stock BAC][/stock], has suspended foreclosures cases in 23 states in order to amend any faulty affidavits, Richard Simon, a spokesman for the country’s.

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The suit also said the use of MERS resulted in the filing of improper NY foreclosures and. to comment on the lawsuit. Wells Fargo spokesman Ancel Martinez said the company was reviewing the lawsuit.

Bank of America has $18.7 billion, or 4.39%, and Wells Fargo has $17.5 billion, or 4.74%. The three big mortgage lenders have billions more in servicing rights on loans in foreclosure.

Bank of America, Citigroup and Wells Fargo — three of the biggest banks in the United States — said they could face fines from a regulatory probe into the industry’s foreclosure practices.

NAR: Buyer traffic up 29% from a year ago The national median existing home price for all housing types was $189,400 in June, up 7.9% from a year ago. This marks four back to back monthly price increases from a year earlier, which last occurred in February to May of 2006. June’s gain was the strongest since February 2006 when the median price rose 8.7% from a year earlier.Moody’s warns of jumbo mortgage strategic defaults LPS: December home prices rose 5.8% annually Other home price data show similar strengthening in their respective measures to either the fastest rise of the year or nearly so: the CoreLogic home price index increased by 6.3% in December while the less timely home price data from the federal housing finance agency rose 5.9%, and the Case-Shiller index rose by 5.8% to November. This.