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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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- Ocwen foreclosed on our after taking two payments after stringing us along for three years. Calling India is impossible. I do not believe thery are helping Americans.. Who can I turn to? on President Obama’s Foreclosure Prevention Plan Explained
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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
April Month-End Data Shows an Increase in Delinquency Rate and Drop in Foreclosure Inventories
JACKSONVILLE, Fla., May 17, 2011 (SOURCE Lender Processing Services, Inc.) – Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following “first look” at April [...]
Report: Fewer Area FHA Loan Defaults
May 17 (Source: The Philadelphia Inquirer By Alan J. Heavens) – As the Federal Housing Administration’s share of the U.S. mortgage market has increased during the housing downturn, concern has grown among officials and lawmakers in Washington that the number [...]
Feds: PHA Should Reimburse U.S. Millions
May 17 (Source: The Philadelphia Inquirer By Mark Fazlollah and Jennifer Lin) – In a blistering review of the Philadelphia Housing Authority’s use of 2009 stimulus funds, federal auditors Tuesday questioned $27.4 million in spending on repairs for homes and [...]
Free Mortgages Offer Illinois Realtors Hope for Additional Closings
CHICAGO, May 17, 2011 (Source: PRNewswire) – Nail Your Mortgage (NYM), a web-based start-up mortgage company, is helping Realtors reduce the overall cost of a home sale for their clients with free mortgages for home buyers in Illinois. NYM’s “100 [...]
Silicon Valley April Home Sales and Prices Drop, But Market is Stabilizing
May 17 (Source: San Jose Mercury News By Pete Carey) – South Bay homebuyers returned to the sidelines in April after a brief sales boomlet in March, but there were some encouraging signs that the housing market was stabilizing, according [...]
NY Attorney General’s Mortgage Meltdown Probe Seeks Big Banks’ Records, Official Says
ALBANY, N.Y. (Source: Washington Post) — New York Attorney General Eric Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession, an official familiar with the [...]
Harry Blausey Out of Prison After Paying Victims of Mortgage Scam
NEWARK (Source: newarkadvocate) – A Newark man convicted of a mortgage scam in 2008 was released from prison Monday after serving more than half of his 4 1/2-year sentence.
Wells Fargo Continues to Anger, Frustrate Foreclosed Homeowners
SAN FRANCISCO, Calif.(Source: District Chronicles) – Oakland resident Sara Kershnar has been trying to get Wells Fargo bank to modify her home loan for two years.
NJ Man Pleads Guilty in Foreclosure Rescue Fraud
NEWARK, N.J. -(Source: Forbes by The Associated Press) – A New Jersey man who owned and operated several mortgage foreclosure rescue companies has pleaded guilty in a scheme that defrauded mortgage lenders of more than $10 million.
Foreclosure Prevention Effort Brings Borrowers, Lenders Together
(Source: By Thomas Olson PITTSBURGH TRIBUNE-REVIEW) – Allegheny County Judge Michael McCarthy stands over debtors desperate to save their homes from foreclosure.
South Carolina Mandates Loss Mitigation Efforts in Foreclosure Cases
(Source: ACC) – On May 2, 2011, South Carolina’s Chief Justice issued an Administrative Order requiring every mortgagee in a foreclosure action to initiate efforts to resolve the action through loan modification or other loss mitigation efforts.
Homeowner Wins Foreclosure Fight Against Bank
CALEXICO (Source: Imperial Valley Press By CHELCEY ADAMI) — A San Diego-based law firm helped prevent the illegal foreclosure on a northeast Calexico resident’s home.
Homeowner Becomes Victim Of Loan Modification Scam
(Source: wsoctv) – Authorities are warning of a growing scam targeting distressed homeowners who are trying to get loan modifications.
Owners Prey on Poor with Dangerous Rentals
May 16 (Source: Houston Chronicle By Yang Wang) – Just weeks before 19-year-old Jamesha Floyd was pulled from her burning home, her aunt and uncle complained to their landlord about faulty electrical wiring in the four-room house they shared with [...]
More Chicago Homeowners Fall Behind on Mortgage Payments
May 16 (Source: Chicago Tribune By Mary Ellen Podmolik) – Far more homeowners in the Chicago area were behind on their mortgage payments at the end of March than in Illinois or the nation as a whole, a troubling sign [...]
Weaning the Housing Industry
May 15 (Source: Boston Herald) – A Democrat and a Republican, according to The Wall Street Journal, are pushing a bill to replace Fannie Mae and Freddie Mac, sources of gasoline for the flaming bubble in housing, with five new [...]
Report: Fewer Area FHA Loan Defaults
May 16 (Source: The Philadelphia Inquirer By Alan J. Heavens) – As the Federal Housing Administration’s share of the U.S. mortgage market has increased during the housing downturn, concern has grown among officials and lawmakers in Washington that the number [...]
Nose-Diving Home Equity Means Slower Florida Recovery
May 15–TAMPA (Source: Tampa Tribune By Michael Sasso) – If anything can tell the story of Florida’s housing boom and bust it’s this: In early 2007, Floridians were drawing nearly 20 percent of their total incomes from home-equity loans and [...]
Deal Reached on Debt Collections
May 13–TOPEKA (Source: The Hutchinson News, Kan.) – Kansas Attorney General Derek Schmidt on Thursday announced a settlement to resolve allegations of unfair debt collection practices of Hollywood Video and Movie Gallery by customers nationwide.
Italy: Disgraced Parmalat Boss to Stay in Jail Rules Court
May 12–ROME (Source: Adnkronos International) – An Italian court ruled on Thursday turned down a request for house arrest made by Italian dairy giant Parmalat’s jailed former founder and ex-CEO Calisto Tanzi. The 72-year-old last week began an eight year [...]
Fighting The Bank and Winning: How These Homeowners Did It
(BY CAROLYN SAID, SAN FRANCISCO CHRONICLE) – Stories of homeowners who feel mistreated by their banks are commonplace these days. Hundreds of thousands of people are underwater and behind on their mortgages. As they seek loan modifications or other solutions, [...]
Kihei Woman Says Dealing With Bank ‘a Full-Time Job’
KIHEI (Source: The Maui News) – In December 2009, Marcy Koltun-Crilley could see trouble on the horizon.
Homeowners Have a Fighting Chance With Foreclosure Law
WAILUKU (Source: The Maui News By Brian Perry) – With the ailing economy, many people have lost income and have been unable to make monthly mortgage payments.
American Consumers Place Credit Card Payments Above Mortgage Dues
(Source: All Head Line News) – American consumers have improved their credit standing by paying off more than $100 billion in debt leftover from the economic boom. However, they placed a higher priority on credit card payments over mortgage dues.
Fannie Mae and Freddie Mac’s Nine Lives
(Source: Wall Street Journal BY David Reilly) – A subsidized market is a subsidized market, no matter how you dress it up.
Boehner: Government Can’t Fix the Housing Crisis
(CBS News: By Lucy Madison) – House Speaker John Boehner is “skeptical” there is “anything the government can do” to alleviate America’s housing crisis – arguing that, ultimately, “you’re not gonna have more buyers until the economy improves.”
Mortgage-Bond Investors to Send Letters on H&R Block Loans
(Source: Bloomberg By Jody Shenn) – A lawyer representing mortgage- securities investors said they will send letters to a servicer and four bond trustees asking them to seek repurchases of loans made by H&R Block Inc. (HRB)’s Option One Mortgage [...]
Bondi: Don’t Cut Homeowners’ Mortgage Principal
(Source: By Mary Shanklin, Orlando Sentinel) – The attorney general of Florida — a state where almost half of all mortgaged homes are underwater — opposes efforts that would force the nation’s five largest mortgage servicers to reduce the principal [...]
BofA to Open Center for Tucsonans Struggling with Mortgages
May 13 (Source: The Arizona Daily Star By Dale Quinn) – Bank of America plans to open a customer service center in Tucson in coming weeks to help homeowners struggling to make their mortgage payments.
EU Should Leave Members to Create Loan Regulation
(Source: Money Marketing) – The European Mortgage Federation says the European Commission should leave individual member states to formulate their own mortgage regulation.
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