September 2007

There are no investors, real estate agents or scammers pedaling their services. Why? Because they just give you advice that will help them make money. So, if you want to save your home, then talk with people who want the [...]

I just picked up this interview from the San Francisco Gate with John Stumpf the president and chief executive officer of Wells Fargo & Co., the largest banking company based in the West and one of the nation’s dominant financial institutions. In picking [...]

Do NOT Call 888-995-HOPE for help! Read on to learn why. Read this investigative news piece by CNBC -   The government’s flagship 995 Hope program to give struggling homeowners relief from overwhelming mortgage payments has left hundreds if not thousands [...]

As many of my readers know, I follow the foreclosure crisis heavily and I have a keen interest in the loss mitigation, loan modification and loan workout side of the business. This seems to be an area that is not [...]

The message to troubled homeowners has been: Call your lender. You may be able to work something out. Maybe you’ll get a loan modification? They will work with you, news reports say. A survey by Moody’s found that most subprime-loan [...]

Countrywide is sending mortgage consultants to hold open their foreclosed houses. So now they will capture loans. Multiply that by thousands and thousands of homes and now you have a real estate company to compliment your lending division. Countrywide Real [...]

This Bill right here would stop foreclosure for hundreds of thousands of homeowners and save them from their toxic mortgages that are eating them alive. Under loan modifications, the lender and loan-servicing company change the mortgage terms to make them more affordable [...]

In another stellar business move by Countrywide, Mr. Mozilo announced as an effort to cut cost and increase the bottom line, they will be outsourcing loss mitigation efforts to call centers in India. I found this in a LA Times [...]

  As everyone expected, the Federal Reserve Board cut the funds rate a half-percentage point to 4.75%. Accompanying the policy statement, the “tightening of credit conditions”, said the Fed, “has the potential to intensify the housing correction and to restrain economic growth.” [...]

Dear Jim, First off I’d like to give you a big fat flemmed filled bubububooyahhhhhhh, cough, cough from the smog filled and vacant home ridden basin of the Inland Empire in sunny Southern California. Yeah, yeah, I know the housing market [...]

Homeowners that turn to their lender for a loan modification may be in for a big surprise when they find out that is far from what they will get. News reports and websites like mine instruct borrowers who are in [...]

Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson were meeting with mortgage service company executives at the Treasury this morning. (My predictions of a massive loan modification campaign do not seem too far away) President Bush [...]

My new forum is gaining momentum and I invite anyone who would like to get involved in my fight to promote loan modifications and to help homeowners stop foreclosure. Please visit www.LoanSafe.org and participate in a one of a kind [...]

Homeowners can’t refinance. There are no mortgage products to cure their diseased loan. Vanished. Never to be seen again. Foreclosures are engulfing neighborhoods everywhere. Values are plummeting faster than your favorite housing stock. Employment is down for the first time in [...]

I was privileged to meet some great real estate attorneys who are from my home town and are leaders in the field of predatory lending and mortgage law. Two very hot topics right now and I suspect is will get [...]

Let’s get one thing straight here. A rate cut by Mr. Ben Bernake and the glorious Federal Reserve will do nothing to ease the category 5 Hurricane of foreclosures that is engulfing homes and local economies across the US. A cut would [...]

From day one, the inspiration for this blog and my forum has been to promote a massive loan modification campaign of these exploding adjustable rate mortgages that are blowing up families, neighborhoods and our economy. I realized long ago that [...]

Website are starting to pop up left and right as the next internet gold rush is on the way. With the announcement of the FHA Secure, struggling loan officers, lenders and webmaster rushed to register domain names and jump on [...]