April 2011

Police Charge Three in Alleged $6.7M Mortgage Fraud

EDMONTON(Source: The Star) —Charges have been laid against two people from Alberta and a third person from British Columbia in connection with an alleged $6.7-million mortgage fraud. The three face a total of 41 fraud charges involving 97 properties and [...]


Posted in Scam & Fraud News | Leave a comment

Tax Filing, Loan Modification: Hot Trends

NEW YORK (Source: TheStreet) – “Tax filing” is a hot Internet search as the April 18 deadline for taxpayers to file their tax returns approaches.


Posted in Loan Modification News | Leave a comment

Bank Gives Man Foreclosed House for Free

(Source: The Florida Times-Union By Roger Bull)  – Perry Laspina was in the middle of foreclosure with the possibility of losing the house he owned in Jacksonville. Then the mail came one day in late January telling him that the [...]


Posted in Loan Modification News | Tagged , , , | Leave a comment

How Foreclosures Are Hurting Everyone

(Source: The Brunswick News By Lindsey Adkison) – The dark cloud of the housing crisis is still firmly hovering over Brunswick and the Golden Isles.


Posted in Political News | Leave a comment

Agreements Won’t Affect Mortgage, Foreclosure Investigation, AG Says

(Source: The Charlotte Observer By Rick Rothacker) – Iowa Attorney General Tom Miller said his investigation of mortgage servicers won’t be affected by separate agreements that lenders are reaching with banking regulators, but he would have preferred the agencies kept [...]


Leave a comment

Texas Bill Capping Fees, Interest on Payday Loans Clears Senate Committee

(Source: Fort Worth Star-Telegram By Dave Montgomery) – Legislation by Sen. Wendy Davis of Fort Worth that would cap fees and interest on loans made by payday and car title lenders was approved Thursday by the Senate Business and Commerce [...]


Posted in Political News | Leave a comment

Foreclosure Halted for Surviving Spouse

(Source: The Capital, Annapolis, Md. By Heather Rawlyk) – Robert Bennett is one step closer to keeping the Annapolis home he purchased with his late wife, Ophelia, three decades ago.


Posted in Loan Modification News | Tagged , , , | Leave a comment

Homeowner Hospitalized After Confronting Vandalists

CONCORD -(Source: Contra Costa Times By Rick Hurd) – A Concord homeowner pushed back at some vandalists on Friday night and wound up hospitalized for his trouble, police said.


Posted in Real Estate News | Leave a comment

Rent to Own a New Hope For Hard Hit Residents

(Source: The Press-Enterprise By Leslie Berkman) – A knock on the door of his Moreno Valley home in late February brought shock, then relief, to Robert Pacheco, a 41-year-old construction worker who had fallen behind on his mortgage payments after [...]


Posted in Real Estate News | Leave a comment

Short Sale Logjam At Last May Be Clearing

(Source: North County Times By Eric Wolff,) – Short sales have been gumming up the housing market for years, turning routine transactions into half-year sagas of delays and frustration for both buyers and sellers.


Posted in Bankruptcy News | Leave a comment

Idaho Attorney General’s Office: Bill Would Ease Foreclosure Effects on Consumers

(Source: Idaho Business Review, The By Goins, Dave ) – With the wreckage from America’s subprime mortgage loan crisis still floating in, the Idaho Attorney General’s office has proposed a bill an official with the agency says would aid Idaho [...]


Posted in Political News | Leave a comment

Ex Should Wait for Bigger Payout

(Source: Boston Herald By Gerald Nissenbaum ) – Q Years ago, when I got divorced, I signed a separation agreement requiring me to now pay a lump sum of $300,000 to my husband, with interest. That promise is secured by [...]


Posted in Real Estate News | Tagged , | Leave a comment

Stop Attack on Struggling Home Buyers

(Source: The Knoxville News-Sentinel By The Knoxville News-Sentinel) – A bill in the state Legislature that’s backed by the Tennessee Bankers’ Association would remove just about all of the few protections for struggling home buyers in Tennessee.


Posted in Real Estate News | Leave a comment

SEC Moves to Oust Grand Terrace Financial Company Head

GRAND TERRACE -(Source: Inland Valley Daily Bulletin ) – The Securities and Exchange Commission has filed a court motion seeking to remove the CEO of American Pacific Financial Corp., a financial services firm, from control of that company.


Posted in Bankruptcy News | Leave a comment

Myrtle Beach Lawyer Pavilack: A Hit Man is After Me

April 10– (Source: The Sun News By David Wren) – Myrtle Beach lawyer Harry Pavilack has contacted local police and the FBI about an alleged hit man that he thinks has been sent here to kill him over a real [...]


Posted in Mortgage News | Leave a comment

OCC Will Release Phony Consent Order on Foreclosure Fraud Next Week

(Source: FDL By: David Dayen) – It’s confirmed: the OCC and some other federal regulators will pursue their own foreclosure settlement  with the banks, based on the ridiculous consent decree that allows banks to get away with fraud and other [...]


Posted in Scam & Fraud News | Leave a comment

ACLU Challenging Lee’s “Rocket Docket”

(Source: ABC-7) – Lee County’s “Rocket Docket” program is being challenged by the American Civil Liberties Union. The group accuses the system of putting speed first, and accuracy second.


Posted in Mortgage News | Leave a comment

Prosecute Companies Preying on Central VA Homeowners

RICHMOND, VA (source: WTVR By Shelby Brown) – A Central Virginia housing agency is turning to the Attorney General’s office and the Federal Trade Commission for help in prosecuting some companies it says is preying on homeowners.


Posted in Scam & Fraud News | Leave a comment

Even Short-Term FHA Shutdown Will Hit Housing

(Source: CNBC By: Diana Olick) – I was hoping not to have to write this particular piece, but it seems I may have no choice, so here we go with housing.


Posted in Mortgage News | Leave a comment

Report Unveils Tactics of Loan Scammers

(Source: International Business Times) – One in nine home owners are more than 90 days behind on their mortgage payments, which has prompted loan modification scams that promise to rescue home owners from foreclosure doom to skyrocket.


Posted in Scam & Fraud News | Leave a comment

HOME Investigates Loan Scams

(Source: Richmond Times-Dispatch By Carol Hazard) – Have we got a deal for you! “We can stop your foreclosure.” “We can guarantee you will qualify for a loan modification.” “We have a 98 percent success rate.”


Posted in Scam & Fraud News | Leave a comment

Homeowners Wary of Series of ECB Hikes

(Source: Irish Times By Conor Pope) – MORTGAGE RATE RISE: ANALYSIS : Trichet confirmed the mortgage wheel has turned and rates are on the increase again.


Posted in Real Estate News | Tagged , , , | Leave a comment

Distressed Properties Put Stress on Inland Empire Housing Market

(Source: San Bernardino County Sun By Rebecca U. Cho) – A shadow inventory of homes, or distressed properties not yet on the market for sale, can upend the Inland Empire’s still fragile housing market, market observers said.


Posted in Real Estate News | Leave a comment

House Vs. Condo

(Source: Contra Costa Times By Eve Mitchell) – In a housing market in which prices continue to be battered by foreclosures and short sales, many would-be buyers of condominiums in the Bay Area instead have found bargain-priced single-family houses as [...]


Posted in Real Estate News | Leave a comment

MBA Orientation Program Draws Crowds of Students

(Source: Arab News, Jeddah, Saudi Arabia) – Large numbers of Saudis and expatriates turned up to visit the Access MBA Tour orientation program held on Thursday.


Posted in Bank News, Banking | Leave a comment

Texas Bill Capping Fees, Interest on Payday Loans Clears Senate Committee

(Source: Fort Worth Star-Telegram By Dave Montgomery) – Legislation by Sen. Wendy Davis of Fort Worth that would cap fees and interest on loans made by payday and car title lenders was approved Thursday by the Senate Business and Commerce [...]


Posted in Political News | Leave a comment

Mortgage Rates Rise For Third Week

(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates inched up for the third week in a row, after an encouraging jobs report last week signaled the economy may be on the mend.


Posted in Mortgage News | Tagged , | Leave a comment

Slide in Home Prices Hits 7.8%

(Source: Saint Paul Pioneer Press By Gita Sitaramiah) – Home prices in the Twin Cities declined by 7.8 percent in February compared with the same month a year ago, real estate data firm CoreLogic showed Thursday.


Posted in Real Estate News | Leave a comment

Kassas Law Launches Alternate Dispute Resolution Process That Takes Legal Action Against Lenders

COSTA MESA, Calif. (Source: PRNewswire) – Kassas Law, a California firm providing client-focused interdisciplinary services, announces the launch of its Alternate Dispute Resolution (ADR) service to homeowners. As failed loan modifications continue in the United States, Kassas is representing homeowners [...]


Posted in Loan Modification News | 1 Comment

Safeguards Exacerbated Market Crisis, President of Federal Reserve Bank of Richmond Says

(Source: The Roanoke Times By Brian Kelley) – The federal safety net for the financial sector was cast too broadly and distorted the market’s perceptions of risk, encouraging the housing bubble and subsequent economic crisis as the economy went into [...]


Posted in Political News | Leave a comment

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News