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- A year later after my Strategic Default - some eye-opening surprises..Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Hanover Post Time: 05-16-2012 at 11:01 AM […]
- B of A Survey? Anyone else get one?Forum: Bank of America Home Loans Posted By: skoobywrx Post Time: 05-16-2012 at 10:01 AM […]
- Bank of America is a joke!!!!Forum: Bank of America Home Loans Posted By: mayela Post Time: 05-16-2012 at 09:59 AM […]
- On Chase Repayment Plan - Filed Chapter 7 - help please!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: chased in seattle Post Time: 05-16-2012 at 07:28 AM […]
- Will A Line of Credit Foreclose??Forum: US Bank Home Mortgage Posted By: tazzaro Post Time: 05-16-2012 at 12:35 AM […]
- Need advice and directionForum: Wells Fargo Home Mortgage Posted By: menmn Post Time: 05-15-2012 at 09:49 PM […]
- Are we just out of 8 months worth of payments.. they suddenly stopped accepting payments.Forum: Bank of America Home Loans Posted By: FrustratedInSoCali Post Time: 05-15-2012 at 09:35 PM […]
- Done with Citi - Loan Mod process a jokeForum: Citi Mortgage Posted By: done with citi Post Time: 05-15-2012 at 09:01 PM […]
- need advice regarding my fannie mae mod please!Forum: Loan Modification Posted By: trixi Post Time: 05-15-2012 at 08:44 PM […]
- foreclosure refForum: US Bank Home Mortgage Posted By: squiz Post Time: 05-15-2012 at 08:10 PM […]
May 2008
American Housing Rescue and Foreclosure Prevention Act
Washington, DC – The House this week will consider the American Housing Rescue and Floreclosure Prevention Act. This bill will amend the Senate-passed H.R. 3221 (As amended by the Senate). Click here to view the legislation Everyone—homeowners, lenders, neighborhoods, indeed [...]
Barney Frank Makes Threats and the Bush Administration Undermines the House
Business as usual in Washington. I have been ranting on this blog for almost a year now on why our government needs to step in and demand action from lenders and servicers to do more to help clean up the toxic mortgages [...]
Home Retention is just a deceiving name for debt collector
This was submitted by a Loan Safe Forum member A few days ago I discovered this forum when I had less than 2 weeks before the sale date of my property. Thanks to the advice discussed, I learned some very important [...]
House debates foreclosure rescue
Barney Frank: We’re telling people, “We wish you would use this alternative process.” Some of them will say, “Well, I can make more money foreclosing, so the hell with ya.” Lenders are lobbying furiously against any move to give judges [...]
Foreclosure crisis hits hard in black communities
The mortgage-foreclosure crisis cuts across all races and incomes, but it has an even more profound impact on the black community, where homeownership is lower and home equity serves as the main source of wealth in black families. Subprime lending [...]
Bank of America, Countrywide Announce $35 Million Package to Aid Distressed Homeowners and Communities
Direct grants and investments part of companies’ efforts to preserve neighborhoods and help families stay in homes CHARLOTTE, N.C., May 1 /PRNewswire/ — Bank of America and Countrywide Financial Corporation today provided additional details regarding the $35 million [...]
Will the FHA Housing Stabilization and Homeownership Retention Act Save Homeowners?
Forbes: Committee Chairman Barney Frank of Massachusetts has said the bill, the Housing Stabilization and Homeownership Retention Act, could be up for a vote by the House as early as next week. Under the bill approved today, a voluntary program [...]
Financial Services Committee Approves FHA Housing and Homeowner Retention Act
Washington, DC – {The House Financial Services Committee today approved H.R. 5830, the FHA Housing and Homeowner Retention Act, by a bipartisan vote of 46 to 21. The legislation, authored by Committee Chairman Barney Frank, will expand the FHA program [...]
New York Governor Paterson Calls for More Action in Mortgage Crisis
Further evidence of the crisis came last week, with the second report published by the State Foreclosure Prevention Working Group, which also found that industry efforts to avoid unnecessary foreclosures are not keeping pace with the rising rate of homeowners [...]
H&R Block Closes Sale of Option One Mortgage Servicing Business
KANSAS CITY, Mo. – H&R Block Inc. (NYSE: HRB) today announced that it closed the sale of the mortgage loan servicing business of its Option One Mortgage Corporation (“OOMC”) subsidiary effective April 30, 2008. As previously announced, the purchaser was [...]
Florida’s Legislature Passes Bill Protecting Distressed Homeowners From Foreclosure Fraud
Smart businessmen, like those in California, have turned the weak market into an entrepreneurial opportunity by buying units about to be foreclosed at rock bottom prices from the lender and repackaging the loan to help the distressed homeowner retain his [...]
New Bill Will Let Homeowners Sue Wall Street Over Their Subprime Mortgages
Please watch the MSN Video here
Congress Calls for the FTC to Step in and Stop Predatory Advertising by Lenders
Watch the MSN video here
Investors move in to save broken mortgages
Investors — including big fish like former Countrywide Financial Corp. President Stanford Kurland as well as smaller fry like Gentry — are buying loans on the cheap from lenders who want them off their books. By paying less than face [...]
Bank of America Details Community Development, Foreclosure Relief Goals
CHARLOTTE, N.C., April 28 /PRNewswire/ — Bank of America today announced key initiatives to reduce the impact and number of foreclosures on communities as well as new goals in corporate philanthropy and community development and investment. Bank of America also [...]
FDIC finalizing direct homeowner loans plan
The plan, which needs Congress approval, would permit new government loans so borrowers can repay up to 20 percent of the principal they owe on their mortgage, the report said, citing a confidential draft of the proposal. Though borrowers would [...]
Will Bank of America Step Up to the Loan Modification Plate?
Bank of America is in the process of finalizing the deal in acquiring Countrywide Financial. Along with the Countrywide deal, B of A stands to inherit all of Countrywide’s baggage and this is no carry on bag for your favorite [...]
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