Recent Articles
A recent article on Equities.com by Brittany Barrett tells us which Wall Street Banks are laying off the most people. Our Lender watch articles reflect layoff announcements as they happened, but Barrett puts figures all in one place. You might find the results both interesting and revealing.
Here at Lender Watch we monitor companies that are heavy into subprime. Confirming our concerns today was a downgrade of Ocwen Financial by Fitch Ratings. In the past two years, Ocwen has executed numerous high-profile servicing acquisitions, including buyouts of Barclays’ HomEq platform and Litton Loan Servicing’s portfolio and operations.
An article referencing “Colorado Counties Foreclosure Fees” was forwarded to my desk, with a big question mark. What was my take on a madly spinning article? There were more questions than answers and the way departments and counties handled the excess does not make them villains.
SPRINGFIELD, Mass. (WWLP) – This week, Massachusetts slapped a huge lawsuit on five major U.S. banks. The lawsuit claims the banks’ shady practices have contributed to people illegally being removed from their home.
Black Friday resulted in great sales figures for electronics retailer Best Buy. We shudder when thinking of how many people used a Best Buy credit card or opened a Best Buy credit card account. Hint – the bank is HSBC, and the card is issued by HSBC NV. Here is a complaint from MK in Nevada that explains why those of us at Lender Watch are concerned about HSBC and Best Buy: