Search results for: 7,lenders,get,immunity,from,state,foreclosure,prevention,act

Some Lenders Exempt

Larry Doss Monday, June 29, 2009

Not all California lenders are created equal when it comes to the state’s newly implemented foreclosure prevention act launched early last week. It is being reported that 7 lenders have been provided immunity, and several others have made application to become immune.

Among the first 7 qualifying and found exempt from the act are:

· Bank of America Home Loans
· CitiMortgage
· Carrington Mortgage Services


Among qualifying criteria for bank exemption is participation in the "Making Home Affordable" program promoted by the Obama administration.<... Read more

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7 lenders get immunity from state foreclosure prevention act

Larry Doss Monday, June 22, 2009

7 lenders get immunity from state foreclosure prevention act

By Jim Wasserman
jwasserman@sacbee.com

http://www.sacbee.com/business/story/1962447.html


Bank of America Home Loans, CitiMortgage and Carrington Mortgage Services are among the first seven lenders and loan servicers granted immunity from the state’s foreclosure prevention act launched this week in California.

The new law makes lenders prove to the state that they have a comprehensive loan-modification program that helps borrowers stay in their homes. Those that can’t prove it... Read more

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