20m Borrowers Could Be Underwater before 2012: Deutsche Bank

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Nevertheless, the percentages of homeowners who were underwater on their homes remained high as delays in the processing of foreclosures kept many delinquent borrowers on the balance sheets, said.

WASHINGTON –The Justice Department, along with federal partners, announced today a $7.2 billion settlement with Deutsche Bank resolving federal civil claims that Deutsche Bank misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007.

underwater homeowners, distressed borrowers and affected communities.. concealed borrowers’ actual incomes. As a Deutsche Bank employee stated, "What goes around will. Deutsche Bank agrees to pay $7.2 billion for misleading investors in its sale of residential mortgage-backed securities

Radian earns $70 million in third quarter Radian Group Inc.: Radian Reports Fourth Quarter and Full. – The mortgage insurance provision for losses was $144.3 million in the fourth quarter of 2013, compared to $152.0 million in the third quarter of 2013, and $306.9 million in the fourth quarter of 2012.

Deutsche Bank will also provide $4.1 billion in the form of relief to aid consumers harmed by its unlawful conduct. Specifically, Deutsche Bank will provide loan modifications, including loan forgiveness and forbearance, to distressed and underwater homeowners throughout the country. It will also provide financing for affordable rental and for-sale housing throughout the country.

A new report from Deutsche Bank makes some pretty bearish estimates in forecasting that almost half-some 48%-of mortgage holders could find themselves owing more than their homes are worth by.

Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement. Oppenheim Law shares more here.

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GOP front-runner Mitt Romney told voters in both states that the market has to "hit bottom" before it can recover, calling efforts to aid homeowners a "fool’s errand." Government actionPresident.

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Florida enjoyed a massive housing boom before the crash, and is now one of the worst-hit by the foreclosure crisis. Out of the 4.5 million borrowers with outstanding mortgage loans, more than 2.

There are about 8 million borrowers still underwater – those who owe more on their mortgages than their homes are worth, which increases the probability of default, Deutsche Bank AG. investors.

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