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- Sherrie Lyons-Bray on Parsa Law Group – Targeted by California Attorney General
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- HOMEOWNERS RIGHTS ON FORECLOSURES on Homeowner rights while in foreclosure
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- K Hall on Citi Mortgage Loan Modification for This Grateful Homeowner
- LR Wilbanks on Woman sues CitiMortgage for illegal debt collection
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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 2011
Debt Relief Programs: Helping the Consumer
(FOX 25 / MyFoxBoston.com) – For homeowners at the end of their rope, debt relief programs and foreclosure loan modifications can seem like the answer they’ve been searching for. But often these seemingly consumer-driven companies don’t make good on their [...]
Private Loan Mods Fall 19.7% In Q1
(Source: emii) – Loan modifications completed by mortgage servicers dropped 19.7% in the first quarter compared with the preceding three-month period, according to Hope Now. Despite the decrease to nearly 210,000, the figure is still two-and-one-half times greater than the [...]
Chief Justice Adds Loan Modification Steps to Foreclosures in South Carolina
(Source: charlestonbusiness By Ashley Fletcher Frampton) – A court order that S.C. Supreme Court Justice Jean Toal issued today changes the S.C. Chief Justice Jean Toalforeclosure process in South Carolina to make sure borrowers and lenders fully explore loan modifications [...]
Cook County’s Foreclosure Mediation Program Saves 216 Homes
May 4(Source: Chicago Tribune By Mary Ellen Podmolik) – A year after it was announced, Cook County’s multimillion-dollar mortgage foreclosure mediation program has saved 216 delinquent homeowners from losing their properties to lenders.
Nearly One in Five Home Purchases Result in Competing Bids
(Source: BMO Bank of Montreal) – With houses still fetching above the asking price in some parts of Canada, a new survey from BMO Bank of Montreal shows that nearly one in five Canadians (16 per cent) have been caught [...]
Deutsche Bank Sued in Mortgage Dispute
(Source: USA TODAY) – The federal government sued Deutsche Bank on Tuesday, saying the bank committed fraud and padded its pockets with undeserved income as it repeatedly lied so it could benefit from a government program that insured mortgages.
Foreclosures Nationwide Began to Climb Again in March
May 3 (Source: The Florida Times-Union By Kevin Turner) -National foreclosure inventories rose to an all-time high and foreclosure starts spiked in March, signals that bank freezes on foreclosures are finished and mass processing is resuming.
Bankruptcies Down in April
May 3 (Source: The Miami Herald By Douglas Hanks) -Personal and business bankruptcies dropped in South Florida last month, despite more than 2,000 new petitions filed.
Three Delray Firms Face Loan-Modification Scam Lawsuit
(Source: miamiherald By TOLUSE OLORUNNIPA) – Three South Florida loan modification consultancies are facing a lawsuit from the state’s attorney general, after hundreds of homeowners complained that the companies were running a loan modification scam.
New Jersey Loan Officer Sentenced to 70 months Prison for Property-Flipping Scheme
(Source: USDOJ) NEWARK, N.J. – A former New Jersey loan officer was sentenced today to 70 months in prison in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, N.J., U.S. Attorney Paul J. Fishman announced.
Thornburg Mortgage Seeks $2 Billion From JPMorgan, Citigroup
May 2 (Source: Bloomberg By Linda Sandler) – JPMorgan Chase & Co., Citigroup Inc. and three other banks helped to push Thornburg Mortgage Inc. into a “free-fall” bankruptcy, the insolvent firm’s trustee said in a lawsuit seeking to recover $2 [...]
Few Mortgage Brokers Hopeful of Recovery
(Source: Irish Times) – LESS THAN 5 per cent of mortgage brokers believe the property market will improve over the next year, according to a survey by the largest group of independent mortgage and insurance brokers.
Fixing the Mortgage Industry Without Sinking the Economy
(Source: The Hill By Phillip Swagel) – A regulatory response to problems in mortgage servicing must fix problems in the industry but avoid poorly conceived actions that would crimp American families’ access to mortgage financing and threaten the still-weak housing [...]
Wells Fargo to Offer St. Louis Area Customers Home Preservation Assistance
(Source: stlamerican) – Wells Fargo & Company is hosting a workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers seeking home payment relief. The two-day workshop – to which the company has [...]
Banks Slow to Support Short Sales
May 1- (Source: By Julie Lynem, The Tribune) -For Lucy and Jaime Alcantar, buying their first home through a short sale — where a lender agrees to accept from a buyer a price lower than the amount the seller owes [...]
Bay Area Real Estate is a Market Gone Crazy
(Source: San Jose Mercury News By Patrick May) – This just in from the front lines of the housing meltdown: ALL HELL’S BREAKING LOOSE!
Foreclosure Rate Dipping in Guilford
May 2 (Source: News & Record By Donald W. Patterson) – The rate of foreclosure filings dipped slightly in Guilford County in the first quarter of 2011, but that’s small consolation to the 1,000 families who started a process that [...]
Real Estate Market Deep in High-End Homes
May 1 (Source: The Spokesman-Review By Bert Caldwell) – In 2002, there were four North Idaho homes listed for sale at more than $1 million. Just two sold.
Process for Loan Reflecting Changes
(Source: The Columbus Dispatch, Ohio By Jim Weiker) – If you haven’t taken out a loan since housing was humming, you’re in for some surprises.
LPS’ Mortgage Monitor Report Shows March Foreclosure Starts Increasing 33%
JACKSONVILLE, Fla., May 2, 2011 (Source: PRNewswire) – The March Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows that foreclosure activity picked up during the month. As of the end of March, foreclosure inventory stood at [...]
More Jobs Need to Fuel York County Housing Market
April 26–YORK, Pa (Source: York Daily Record By Sean Adkins) – Most people tie their wealth to the value of their homes rather than to stock portfolios.
HUD Grants Allow Heartland Community Action Agency to Expand Programs for Homeless Families
April 30–WILLMAR -(Source: West Central Tribune, Willmar, Minn. By Carolyn Lange) – Heartland Community Action received $152,442 in two separate grants from U.S. Housing and Urban Development to provide housing and supportive services to homeless families.
Anworth to Participate in Investor Conferences
(Source: Business Wire) – Anworth Mortgage Asset Corporation announced today that Lloyd McAdams, Anworth’s Chairman of the Board and Chief Executive Officer, is scheduled to participate in a panel discussion on mortgage REITs at the 2011 RBC Capital Markets’ Financial [...]
Local Leaders in York Learn About Housing
April 28–YORK, Pa (Source: York Daily Record By Sean Adkins) – Financial hardships ranging from mass layoffs to higher-than-normal foreclosure rates has damaged the local housing market.
Trustee for Madoff Victims Faces Tough Road
(Source: The New York Post By Mark Decambre; Joshn Kosman) – After recovering some $8 billion in ill-gotten gains, the bankruptcy trustee for victims of Bernie Madoff’s massive fraud may find clawing back nearly $20 billion more from the owners [...]
A Bankrupt Option
(Source: Reason By de Rugy) – The so states, as we have seen recently in Wisconsin and elsewhere, are in serious fiscal trouble. Total state debt is estimated at more than $i trillion, and that doesn’t include another $3 trillion [...]
Bankruptcies Fall in April For Fourth Time in Five Months
May 2 (Source: The Honolulu Star-Advertiser) – The number of bankruptcy filings in Hawaii fell in April for the fourth time in the past five months, according to data released today by U.S. Bankruptcy Court.
For Many Homeowners, False Hope
(Source: Boston GLobe By Jenifer B. McKim) – Marlon Hernandez was sick with worry that he would lose his Malden home to foreclosure two years ago. Then the Salvadoran immigrant heard a Spanish-language radio advertisement that sounded like the answer [...]
Small Banks Shield Mortgage Giants
(Source: Wall Street Journal BY ALAN ZIBEL) – Small lenders are fighting efforts to scale back U.S. government support for the mortgage market, arguing that proposals to do so will allow the industry’s biggest players to increase their already dominant [...]
Housing Counseling Services Slashed
CHICAGO -(Source: azdailysun) – Housing agencies find themselves scrambling to determine how they will serve their communities with dwindling resources after $88 million in housing counseling funds was eliminated from the federal budget.
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