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| Name: | annperez  | | E-Mail: | annperez sina.com | | Homepage: | http://www.downcoatmoncler.com | | Time: | 12/22/2012 at 12:55am (UTC) | | Message: |
The litigation illustrates how lawsuits continue to dog major home lenders more than five years after the mortgage industry imploded, including recent challenges to certain cases the banks thought had been put to rest. The settlement was reached in December 2010 before U.S. District Judge Jeremy Fogel in San Jose. At the time, the San Francisco bank said it would provide at least $50 million and as much as $600 million in modification benefits to troubled borrowers with the pay-option loans. Plaintiffs' attorney Jeffrey K. Berns of Woodland Hills had calculated the number might reach $2 billion. The original lawsuits over pick-a-pay, or pay-option, mortgages contended that the loans were issued with inadequate notice to borrowers that the amount owed would rise if they chose the lowest payment among four options. The loans were made by banks later acquired by Wells. "Hundreds of thousands of homeowners we <a href=http://www.downcoatmoncler.com/>Doudoune Moncler Femme Courte</a> re suffering the effects of undisclosed negative amortization for their Pick-a-Payment loans, while the declining U.S. housing market was sucking the remaining equity out of their homes," Berns said in a filing Friday. The filings included a new lawsuit accusing Wells of breaching the settlement, acting in bad faith and violating a state unfair competition law. In a separate filing, Berns asked the court to order the bank to stop all foreclosures on the loans to allow him to investigate the situation. Of the 66,000 requests for loan modifications made in the 18 months ending Sept. 30, Wells granted only 1,746, or 2.6%, Berns alleged. "Thousands of people have been denied loan modifications people who, in our opinion, should not have been denied," Berns said in an interview Monday. The pay-option loans were made by World Savings, a large Oakland savings and loan that was acquired in 2006 by Wachovia Corp., a major North Carolina bank that continued to make the mortgages. Wachovia was near collapse in 2008 when it was acquired by Wells Fargo. In a statement, Wells said it would "immediately and forcefully" defend the new lawsuit, which it said "maligns a very effective consumer loan settlement program." Wells Fargo didn't say how many borrowers covered by the settlement had received principal reductions. But it said its overall efforts on behalf of people with the tricky loans, many of which preceded the lawsuit settlement, had been extensive.
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| Name: | annperez | | E-Mail: | annperezsina.com | | Homepage: | http://www.downcoatmoncler.com | | Time: | 12/19/2012 at 1:59am (UTC) | | Message: |
The soprano "possessed an instrument of crystalline purity," a Times reviewer wrote about her landmark recording of Richard Strauss' "Four Last Songs."Della Casa was born Feb. 2, 1919, in Burgdorf, , and trained in . The young singer's first performance came in 1941 for Puccini's "Madame Butterfly" in the Swiss town of Solothurn-Biel. She remained in neutral Switzerland during .After the war she went on to sing on the world's other great stages, including the Metropolitan Opera, the Royal Opera House and La Scala. She was a member of the Vienna State Opera, where she appeared 411 times. Della Casa went on to perform many of the great roles, including in such operas as "La Boheme" and "Rigoletto." But she was especially known for her interpretations of Strau[url=http://www.downcoatmoncler.com/78-moncler-enfant-vetement]Doudoune Moncler Femme Longue[/url]ss and Mozart, notably in Strauss' "Arabella," "Der Rosenkavalier" and "Ariadne of Naxos," and in Mozart's "Don Giovanni," "The Marriage of Figaro" and "The Magic Flute." She often returned to the role of the Countess in "The Marriage of Figaro," which she sang regularly in Europe and at . Critics loved her serene voice and audiences were said to respond as well to her acting style and her radiance.Della Casa even once sang in a production of "Porgy and Bess" in Zurich, where the Gershwin opera wasn't always cast with black performers. The singer retired unexpectedly in 1974. She disdained the dishonorable aspects of the music business, and according to the "All Music Guide to " she "loathed the intrigues, jealousies, and cabals that often infested the operatic world."Della Casa died on Monday in the Swiss town of Muensterlingen, according to the Vienna Opera announcement.ALSO:
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