July 2008

Thomas Jefferson made that quote over 200 years ago and it has never rang more true than today. Never has there been a time in our history where our freedom has bee over shadowed by our burdens of debt and [...]

Certain homeowners and investors seem to be collecting rent from unsuspecting renters and forgetting to send their mortgage payment to their lender. I like to call this new unfair and deceptive business practice perpetuated by American consumers, “predatory renting.”

By Frank D. Russo Legislation that would reform the foreclosure process in California for the benefit of homeowners trying to hold on to their homes passed the Assembly today on a 55 to 18 vote, just one vote above the [...]

Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company’s collapse, a federal judge in California has ruled.

The message is out to struggling consumers and the Federal Reserve may be sorry they offered a helping hand to the millions of consumers who are drowning in credit card debt and in their homes. Apparently the Federal Reserve has been inundated [...]

A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law. [...]

Foreclosure bus tours touring foreclosed homes and now bikini girls banding together to save foreclosure victims. What next? I know sex sells, but does sex save homes? Only in America folks…….. From LA Land: In general, the bar at L.A. Land In [...]

Lawsuits”o” plenty are being fired at lending and servicing giant, Countrywide Financial and this is in the wake of the controversial Bank of America take over that is finally official today. Just last week attorney generals in Illinois and California filed predatory lending [...]