Bank of America
The five largest mortgage lenders have reached a $26 billion settlement with 49 states, including California, over foreclosure abuses that took place after the housing bubble burst, federal officials announced Thursday.
Banks vying for the chance to manage San Francisco’s municipal accounts will have to answer hard questions about how they have handled foreclosures, said City Treasurer Jose Cisneros.
California and New York have agreed to sign the proposed settlement between U.S. states and the nation’s biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations.
As recently as two weeks ago, California Attorney General Kamala Harris rejected the plan, saying banks were asking to be absolved from any further action, something she described as too lenient.
A growing number of elderly protesters are joining the Occupy Movement. One Vietnam vet from San Francisco’s Bayview District fights with them against his own possible eviction.
Occupy SF joined forces with other community activists to protest bank foreclosures in the city’s hard-hit Excelsior District.
It was a slow-moving Occupy Wall Street protest, but it was an effective one. A dozen senior citizens calling themselves “the wild old women” succeeded in closing a Bank of America branch in Bernal Heights Thursday.
Police in Walnut Creek are searching for a suspect who repeatedly vandalized two banks, scrawling the word “Foreclosure” over a Bank of America branch and a Chase bank branch over the last two weeks.
The man accused of fatally shooting Vallejo police Officer James Capoot during a chase that followed a bank robbery last week made his first appearance in Solano County Superior Court Monday afternoon.
A Vallejo police officer was shot and killed in a shootout with a pair of suspected bank robbers, law enforcement officials said.