Sentence examples for foreclosed loans from inspiring English sources

The independent consultants hired to pour over millions of loan files only reviewed a sliver of the foreclosed loans.

The regulators, the report found, failed to properly coordinate a review of foreclosed loans and even potentially allowed some errors to go undetected.

The regulators, the report found, failed to properly coordinate a review of foreclosed loans and potentially allowed some errors to go undetected.

The report also noted that 300,000 foreclosed loans originated from 2004 to 2007 and owned by Freddie Mac were not reviewed for possible claims.

The concerns emerged when the consultants, under orders from regulators to see if homeowners had been wrongfully evicted, conducted an inefficient review of only a small fraction of foreclosed loans, ultimately leading regulators to cancel the review.

The most recent problems emerged when the consultants — under orders from regulators to assess whether homeowners had been wrongfully evicted — racked up more than $2 billion in fees despite reviewing only a small fraction of foreclosed loans.

Since late 1999, as the boom was slowing, the association reports, the number of foreclosed conventional loans has climbed 45percentto to 76,526, the highest level in 11 years.

The allegations, which surfaced in a dossier compiled by Lawrence Tomlinson, a businessman and government adviser, suggested that RBS had exploited minor breaches of loan agreements or revalued assets to foreclose on loans.

There are other possible reasons for delays in the banks' foreclosing on loans and filing claims with the F.H.A.

John Geanakoplos of Yale University has argued for special federal trustees, empowered to insist on modifying or foreclosing impaired loans.

The banks are also reluctant to foreclose on loans, seizing property, evicting clients and being publicly branded as heartless capitalists.