(Source: Record, The; Bergen County, N.J. By Peter J Sampson) – A Saddle Brook “soccer dad” was sentenced Wednesday to 2 1/2 years in federal prison for diverting millions of dollars from clients of his payroll services company, including municipal [...]
May 19 (Source: The Hartford Courant, Connecticut By Edmund H. Mahony) – A Travelers subsidiary does not have to cover the losses of a Westport bank whose customers claim that the bank’s investment in Bernard L. Madoff’s Ponzi scheme cost [...]
May 18 (Source: The Orlando Sentinel By Bianca Prieto) – A series of “missteps” and “lack of diligence” by a lawyer practicing with Kaufman, Englett and Lynd has prompted a United States Bankruptcy judge to bar the firm and the [...]
(Source: Irish Times By Mary Carolan) – FINANCIER NIALL McFadden is insolvent with potential liabilities of almost [euro]100 million and is facing bankruptcy proceedings in the UK by his largest creditor, Anglo Irish Bank, it emerged at the Commercial Court [...]
(Source: By Tom Harvey The Salt Lake Tribune) – U.S. District Judge Dee Benson left open a legal window Wednesday for two South Jordan residents facing the loss of their house, one of the first cracks in federal court for [...]
WASHINGTON (Source: Wall Street Journal) – Mortgage companies that participate in the Obama administration’s flagship loan assistance program will be required to provide homeowners with contact information for a bank employee who is responsible for their request for assistance.
(Source: Bloomberg By Carter Dougherty) – Americans applying for a mortgage would get a simplified, two-page “shopping sheet” from lenders under a proposal from the Consumer Financial Protection Bureau.
(Source: BloombergBy Sophie Leung) - and Stephanie TongHong Kong Monetary Authority may ask some banks to set aside more reserves, the latest step by the Chinese city to curb credit growth and prevent loan defaults, after borrowing surged and mortgage [...]
(Source: FayObserver Catherine Pritchard) – Q: My cousin spent some serious money on interest on payday loans that she found over the Internet. But someone told me there was a lawsuit that gave people back some of the money they [...]
WASHINGTON (Source: AP Associated Press) — The White House and key lawmakers are considering reductions in student loan subsidies, farm payments and support for federal workers’ pensions as they search for cuts that can clear the way for an increase [...]
(Source: ABC RadioAustralia) – Graduates in Fiji may be given travel bans if they don’t pay back their student loans on time.
EAST BAY (Source: ABC) — Next month, thousands of Bay Area college graduates will hit the work force or try to. The outlook for new jobs is grim. They are facing disappointing statistics, but there are a few encouraging signs.
(Source: msnbc By John W. Schoen) – Almost a year after Congress created a new federal agency to protect consumers from shady lending practices, there is a move afoot on Capitol Hill to clip its wings before it takes flight.
May 18 (Source: The Milwaukee Journal Sentinel By Paul Gores) – Americans have an increasingly gloomy feeling about when the housing market will recover, a survey released Wednesday says.
May 18 (Source: The Daily News By Justin Story) – A federally funded program that lets certain homeowners try to keep their homes if they lose their jobs was introduced to Kentucky recently.
(SOURCE: Law Offices of David Giller LLC) – During these tough economic times, many homeowners are facing foreclosures on their homes. If you’ve received a foreclosure notice in the past year, you are among one of 2.5 million American homeowners [...]
LAS VEGAS, May 18, 2011 (Source: PRNewswire) – A federal bankruptcy judge today rejected the state of Montana’s attempts to force developer and Yellowstone Club founder Tim Blixseth into involuntary bankruptcy. United States Bankruptcy Judge Bruce A. Markell ruled that [...]
(Source: The New York Post By Leonard Greene ) – It’s still hard to collect money from Bernie Madoff – unless you’re a lawyer.
BILLINGS, Mont.(Source: Associated Press/AP Online By MATTHEW BROWN) – Former billionaire Tim Blixseth said he will pursue court sanctions against the Montana Department of Revenue after a federal judge tossed a bankruptcy petition the state filed against him seeking $57 [...]
SACRAMENTO, Calif. (Source: kcra) – Two sisters who prosecutors said are at the center of a mortgage fraud scheme appeared Tuesday afternoon in federal court in Sacramento.
(Source: MSN Money By Stacy Johnson) – The housing crisis has brought home some sobering statistics. According to real estate research firm CoreLogic, nearly one in four homeowners has a mortgage bigger than the value of their home. According to [...]
NEW YORK (Source: MainStreet By Brian O’Connell) — Consumer advocates have long argued that banks and lenders are playing games with delinquent homeowners, especially in the ways that they evade homeowners’ questions and keep the foreclosure process rolling even when [...]
(Source: The Spokesman Review) – Bank of America will launch three days of free seminars and counseling sessions Thursday for its distressed mortgage borrowers.
LOS ANGELES, Calif. (Source: New America Media) — Three years into the mortgage meltdown, California homeowners still have little relief from the foreclosure crisis. Last week, state legislative committees failed to clear three separate bills designed to help struggling homeowners [...]
(Source: By TBO.COM ) – TAMPA Residents with questions about foreclosure and loan modification can meet with representatives of public and private agencies, organizations and nonprofit groups at a Foreclosure Assistance Workshop.
WILMINGTON, Del. (Source: The Republic by The Associated Press) — A Delaware pastor accused in a mortgage rescue fraud scheme has been convicted of felony theft and misdemeanor charges of tax evasion and falsifying business records.
(Source: sun-sentinel By James H. Burnett) – A federal mortgage fraud case against a group of Broward police officers got back on track Monday after being briefly halted last week by a defense attorney gone AWOL.
(Source: Orlando Sentinel) – Florida Attorney General Pam Biondi is the Soup Nazi of mortgage loan modification. To thousands of Floridians desperately trying to keep their homes through loan modification, Biondi message is: No principal reduction for you!
(Source: PBS) – JUDY WOODRUFF: There was fresh evidence today of weakness in the housing market and the overall economic recovery. New home construction was expected to rise, but it fell last month by more than 10 percent.
May 18 (Source: San Francsisco Chronicle) – For Elizabeth Warren, the Obama administration adviser setting up the Consumer Financial Protection Bureau, simpler mortgage paperwork is a “regulatory sweet spot” that will cut lender costs and borrower confusion.
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