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- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
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- AdviceForum: Stop Foreclosure and Tell Us Your Story Posted By: Davedbutch Post Time: 02-22-2012 at 09:40 PM […]
- Is it Nationstar or Wells Fargo?Forum: Wells Fargo Home Mortgage Posted By: snorklininNY Post Time: 02-22-2012 at 06:05 PM […]
- Short Sale AFTER Sheriff SaleForum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Trapped No More Post Time: 02-22-2012 at 05:51 PM […]
- What is a letter of administration? What is a recorded final distribution deed? Please help! need advice.Forum: Citi Mortgage Posted By: adamb Post Time: 02-22-2012 at 05:33 PM […]
- BoA is trying to foreclose even after an approved loan modficationForum: Bank of America Home Loans Posted By: lopcas Post Time: 02-22-2012 at 05:20 PM […]
- Interesting......NOT!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: packfan1957 Post Time: 02-22-2012 at 05:02 PM […]
- missouri forecloser lawForum: Foreclosure Laws Posted By: tilexia Post Time: 02-22-2012 at 04:07 PM […]
- Applying for a mod after bankruptcy...?Forum: Bank of America Home Loans Posted By: MomtoCon Post Time: 02-22-2012 at 02:34 PM […]
- House forclosed and went back to lenderForum: Ask the Attorneys? Posted By: msmarydaniel Post Time: 02-22-2012 at 01:56 PM […]
- Specialized Loan Servicing 2nd mortgage offer me a settlementForum: Debt Settlement Posted By: Angel.R Post Time: 02-22-2012 at 01:54 PM […]
May 2011
Calif Creating Mortgage Task Force
LOS ANGELES (Source: MercuryNews) — California is taking aim at the mortgage lending industry.
Folsom Fraud Suspect Jailed as Flight Risk
May 18 (Source: The Sacramento Bee By Denny Walsh) – David Romo, a Folsom developer described by prosecutors as a man with a big talent for fleecing vulnerable people, was ordered jailed as a flight risk Tuesday by a federal [...]
Mortgage Delinquency Rate Falls Statewide, Nationally
May 19 (Source: The Milwaukee Journal Sentinel By Paul Gores) – The delinquency rate for mortgages fell from a year ago in the first quarter in Wisconsin and nationwide, a sign the market is recuperating, the Mortgage Bankers Association said [...]
Feds Test Simpler Mortgage Disclosure Forms
May 20 (Source: The Philadelphia Inquirer By Alan J. Heavens) – The federal government on Thursday began testing simplified disclosure forms designed to help borrowers find the mortgage that’s right for them.
Fewer Homeowners Fall Delinquent on Mortgages
May 20 (Source: The Milwaukee Journal Sentinel By Paul Gores) – Fewer homeowners were delinquent on their mortgage loans in the first three months of 2011 than a year ago, a sign the market is recuperating, the Mortgage Bankers Association [...]
Condo Sales Up, Home Sales Level
May 20–PANAMA CITY (Source: The News Herald By Chris Segal) – Home sales leveled out in April with a slight decrease from the previous year’s number, but condo sales increased 42 percent from the same time period last year, according [...]
Mortgage Rates Continue Decline
NEW YORK (AP) (Source: Tulsa World By Janna Herron) – Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans.
Pha Audit: That Sinking Sensation
May 20 (Source: The Philadelphia Daily News By Philadelphia Daily News) – LAST AUGUST, a week before former Philadelphia Housing Authority chief Carl Greene disappeared for five days after the revelation that he was facing foreclosure, Housing and Urban Development [...]
Developer Opus Settles Claims That Owners Took Subsidiary Profits
MINNEAPOLIS (Source: Star Tribune, Minneapolis) – Opus Corp. has quietly settled another federal lawsuit involving accusations the onetime megadeveloper improperly stripped millions of dollars from a subsidiary to fatten the family trust funds of its owners, the Rauenhorst family, and [...]
Magazine: Las Vegas Men Not ‘Fiscally Fit’
(Source: United Press International) – Men’s Health magazine, based in Pennsylvania, ranked Las Vegas as No. 1 on its list of cities filled with men suffering financial difficulties.
Yuma County Treasurer Filed for Bankruptcy in 2010
May 21 (Source: The Sun By Joyce Lobeck) – Yuma County Treasurer David Egeberg had filed for bankruptcy in 2010, listing debts of nearly $2 million that included a $1.25 million unsecured loan with AEA Federal Credit Union.
Mortgage Company Urges Plan for Principal Cuts
(Source: Reuters) – American Home Mortgage Servicing, one of the largest servicers of subprime mortgages, is urging the U.S. Treasury to organize a plan to boost principal reductions for up to one million homeowners by unlocking loans from securities.
Can Loan Modification Fix Housing?
(Source: Politico By CHRISTOPHER PAPAGIANIS) – The New York state attorney general’s request for information regarding securitization operations of three major Wall Street banks is reigniting an important debate about how best to fix the mortgage market and strengthen our [...]
Federal Grand Jury in San Jose Indicts Six in Mortgage Fraud Scheme
(Source: Mercury News By Howard Mintz) – An unfolding Silicon Valley mortgage fraud investigation has netted six more targets who’ve been charged in San Jose federal court with orchestrating a multimillion-dollar mortgage and real estate scam.
Feds Test Simpler Mortgage Disclosure Forms
(Source: Philly By Alan J. Heavens) – The federal government on Thursday began testing simplified disclosure forms designed to help borrowers find the mortgage that’s right for them.
OCC’s Walsh: Mortgage Industry Faces ‘Tsunami’ Of Regulations
WASHINGTON (Source: the Wall Street Journal) – The mortgage industry faces a “tsunami” of regulations that could dramatically alter the business in the coming years, a top U.S. regulator said Thursday.
Octomom Flakes on Mortgage Payments Yet Again
(Source: The Hollywood Gossip by Free Britney) – Stop us if you’ve heard this one before. Nadya Suleman is in danger of losing her house after once again falling behind on her monthly payments.
Fewer Judges Will be Hearing Florida Foreclosures as State Money Runs Out
(Source: By Kimberly Miller Palm Beach Post Staff Writer) – Florida’s courts are out $6 million after state lawmakers chose not to extend a one-time stipend aimed at reducing a foreclosure backlog.
A 30-Month Short-Sale Saga
(Source: New York Times By ANTOINETTE MARTIN) – MELANIE BROWN sits at the breakfast bar of the Teaneck house she will soon surrender to new owners and says the pain of that is piercing, but at least the “mental torture” [...]
Financial-Crisis Subpoenas Heading to Goldman Sachs
(Source: Wall Street Journal By Ashby Jones) – With the exception of one high-profile SEC suit (Fabulous Fab, anyone?), regulators and prosecutors haven’t pointed too many fingers at Goldman Sachs, post financial-crisis (at least not publicly).
AG Van Hollen: Seeks Authority to File Suit Against Auto Title Loan Company
MADISON (Source: wisbusiness) — On Wednesday, May 18, 2011, Wisconsin Attorney General J.B. Van Hollen filed a Motion to Intervene into a Milwaukee County Circuit Court case against an auto title loan company, Community Loans of America (“CLA”), for violations [...]
Sallie Mae CEO Says ‘The Worst is Over’
(Source: Delaware Online) – Sallie Mae is preparing for a new future and a renewed period of prosperity in Delaware, its CEO said at the student lender’s first annual shareholders’ meeting in its new home state.
Student Loan Debt Outpaces Credit Card Debt
RHINELANDER ( Source: wjfw) – Many people have interest-bearing bills float into their mailboxes every week, whether it’s a credit card bill or a student loan, but the growing numbers of debt have some concerned.
Citi® Road To Recovery Series In Los Angeles Area Hosts Mortgage Foreclosure Prevention and Client Assistance Event
(Source: Business Wire) – CitiMortgage and Los Angeles Neighborhood Housing Services, a nonprofit leader in the affordable housing field in Los Angeles County, will host a free homeowner assistance event in Torrance for distressed homeowners.
Citi® Road To Recovery Series In Las Vegas Hosts Mortgage Foreclosure Prevention and Client Assistance Event
(Source: Business Wire) – CitiMortgage and Consumer Credit Counseling Service (CCCS), a leading nonprofit credit counseling and education agency, will host a free homeowner assistance event in Las Vegas for distressed homeowners.
Chrysler to Repay $7.5B Loans by Next Week
(Source: United Press International) – Chrysler Group LLC has deals pending that could allow it to repay the U.S. and Canadian governments $7.5 billion early next week, sources told The Detroit News.
Folsom Fraud Suspect Jailed as Flight Risk
May 18 (Source: The Sacramento Bee By Denny Walsh) – David Romo, a Folsom developer described by prosecutors as a man with a big talent for fleecing vulnerable people, was ordered jailed as a flight risk Tuesday by a federal [...]
Dykstra’s Remaining Thousand Oaks Mansion to Be Sold
May 18 (Source: Ventura County Star By Stephanie Hoops) – The Thousand Oaks home that ex-major league baseball player Lenny Dykstra raised his children in is on the verge of being sold at foreclosure, an event he claims would uproot [...]
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