I was reading this Smart Money article yesterday and I couldn’t help but notice a phrase that Paulson said a couple times. WASHINGTON (Dow Jones) — U.S. Treasury Secretary Henry Paulson said Monday the administration is working to ensure that the [...]
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that [...]
If car dealers can keep track of titles, banks can track promissory notes, Joseph Lents says. Somebody has been trying to foreclose on Joseph Lents’ Boca Raton home for five years. So far, they have been unsuccessful because he has [...]
And we thought the only thing “shady” loan officers and brokers needed to worry about were more regulations and finding a job. Now, it looks like some disgruntled clients may be looking for a pay back and it’s not just money [...]
I had wrote a story a few days back about a homeowner in Ohio that fought his foreclosure for 11 years. His name is Mr. Richard Davet. The story was titled Ohio Homeowner Fights Foreclosure and Lives Payment Free for [...]
By Moe Bedard “Mr. Jones, you owe $12,327 to stop foreclosure on your home and bring your mortgage current.” The lender’s collections employee says to Mr. Homeowner Jones that is desperately trying to save his home of 27 years. Mr. Jones [...]
We are looking for Coutrywide borrowers that are stuck in a mortgage that is unaffordable or predatory. We want to help you fight back against Countrwyide Home Retention Department and make them fix your mortgage with a loan modification. If you [...]
One of the reasons I started this blog and my forum at www.LoanSafe.org, was to create safe and predator free websites where homeowners can visit and obtain timely and free information without being scammed. I have been offered thousands of [...]
The Cincinnati Enquirer reported BATAVIA – A judge plans to launch a mediation program to reduce the number of foreclosures on houses in Clermont County. Even residents who own their homes outright or don’t have trouble making mortgage payments have [...]
By DJ Having been in the wholesale end of the business with Option Arms as one of my products, 99% of the time the loan officer would ask for “max prepay, max rebate”. (mortgage lingo = I want to make [...]
By Poppy (30 year mortgage industry veteran) It is the 3 C’s – Credit, Capacity and Collateral, of course the idea that Credit = Willingness to Repay; Capacity = Ability to Repay/Assets to Afford the Ongoing & Initial Outlay, and Collateral [...]
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