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- Loan Modification Fighter on Loan Modification Myths and Facts
- Sherrie Lyons-Bray on Parsa Law Group – Targeted by California Attorney General
- anonymous on One West Bank billionaires under the spotlight
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- Jim Demetz on Does NACA lie to homeowners and the media? YES!
- HOMEOWNERS RIGHTS ON FORECLOSURES on Homeowner rights while in foreclosure
- Lisa Robey on Class Action Lawsuit Filed Against EMC Mortgage & Bear Stearns
- 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 […]
June 2011
Foreclosure Woes: For One Homeowner, Following Bank’s Advice Was Bad News
PANAMA CITY BEACH (Source: CHRIS SEGAL / News Herald Writer) — Lindsay Hall took out a $200,000 loan in 2005 on her paid-off beach house with the understanding that her $600 monthly Social Security check would cover the mortgage payments.
Goldman Plans to Fight Report on Mortgage Bets
(Source: The Wall Street Journal) – Goldman Sachs Group Inc. plans to accuse the U.S. Senate Permanent Subcommittee on Investigations of drastically overstating Goldman’s bets against the housing market in 2007, according to people familiar with the situation, in an [...]
NY DA Going After Goldman with Law that Doesn’t Require Intent
(Source: National Mortgage Professional) – District Attorney Cyrus Vance Jr. subpoenaed Goldman Sachs, the fifth-biggest U.S. bank by assets, for records on its activities leading into the credit crisis, two people familiar with the matter said. Vance may bring charges [...]
Should I Pay More Points For A Lower Mortgage Rate?
(Source: Our Broker By Peter G. Miller) – The answer most often given no doubt looks at current mortgage rates and while interest is a big part of the answer, it’s not the only cost paid by borrowers.
‘Hard Money’ Lending has Sordid Past in Nevada County
NEVADA COUNTY (Source: By Robert Lewis and Charles Piller – cpiller@sacbee.com) – For three decades, the promise of easy money lured residents of this region’s Gold Country towns to invest in an obscure corner of the real estate industry – [...]
Mogul Gets 11 Years for Mortgage Fraud
DALLAS (Source: Court News Service By DAVID LEE) – A motivational speaker who hawked a book and infomercial on how to make money in real estate has been sentenced to 11 years in federal prison for his role in a [...]
The World’s Number One Real Estate Agent Just Filed For Bankruptcy
(Source: Business Insider Robert Johnson) – John McMonigle claims to be the world’s number one real estate agent. With $2.5 billion in residential sales over the past six years, this 46-year-old realtor may well have been.
78% of Distressed Listings: $500,000 or Less
(Source: The Orange County Register By MARILYN KALFUS) – The latest on the distressed housing market in Orange County from broker Steve Thomas, who does a bi-weekly analysis. Here’s his report as of May 27th:
West Michigan Real Estate: What You Can Get For The Money
(Source: Detroit Free Press) – Julie Dykstra, a recently divorced mother of two, was ecstatic to get a deal on her new house in Grand Rapids since she lost big on the sale of her marital home.
Homeowner Forecloses on Bank of America (Yes, You Heard That Right)
(Source: the Moneyland By Tara-Nicholle Nelson) – In a modern-day evocation of David’s slingshot triumph over Goliath, a couple of foreclosed homeowners in Naples, Florida reportedly foreclosed on a Bank of America branch last week, their attorney actually having moving [...]
Deputies Were Set to Take Bank of America’s Furniture for Ignoring Court Order
(Source: By Douglas Stanglin, USA TODAY) – On first glance, it all looked depressingly familiar: a bank, a foreclosure and even a truck on hand to haul away furniture for public auction — except this time it was a homeowner [...]
WSJ: Changes Expected Within J.P. Morgan Chase’s Inner Circle
(Source: The Wall Street Journal) – Commercial-banking chief Maclin, top international executive Miller expected to step down soon – sources.
Chase Screws Up Loan Modification, “Fixes” Error By Adding $8,000 To Balance Of Loan
(Source: The Consumerist By Chris Morran) – The folks at ProPublica recently looked into the all-too-common problem of homeowners who thought they had successfully run through the loan modification gauntlet only to later find out that their bank had no [...]
BofA to Open Loan Modification Center in Colton
(Source: Daily Bulletin Andrew Edwards, Staff Writer) – Bank of America has announced plans to open a specialized counseling center this month in Colton to assist homeowners on the brink of losing their homes.
NACA’s ‘Save The Dream’ Tour Hits Los Angeles For The Fourth Time
(Source: Huffington Post) – The Neighborhood Assistance Corporation of America (NACA) is back in Los Angeles with their “Save The Dream” tour, a five-day event that helps homeowners prevent foreclosure through loan modifications and other means. All services rendered to [...]
Illinois Slow to Launch New Aid Program for Delinquent Homeowners
(Source: Chicago Tribune By Mary Ellen Podmolik) – Eight months after the Treasury Department announced additional funds to help hard-hit homeowners in 18 states and Washington, D.C., Illinois is the last of the group to get its program off the [...]
Homeowners Determined to Make Scammers Pay
(Source: By Ngoc Nguyen, New America Media) – Juana Castillo Quintanilla paid $3,500 to a real estate broker who promised to help her strike a deal with her bank to lower her monthly payments. The Latina, who faces imminent eviction, [...]
Manhattan DA Subpoenas Goldman in Mortgage-Deal Probe
WASHINGTON (Source: Miami Herald By GREG GORDON) – In the absence of federal prosecutions over Wall Street’s role in the financial crisis, the Manhattan district attorney has subpoenaed Goldman Sachs regarding allegations that the giant investment bank bet heavily against [...]
Lawmakers Squabble Over Fate of 30-Year Mortgage
WASHINGTON (Source: MarketWatch By Ronald D. Orol) — House lawmakers clashed Thursday over how best to reform government-seized housing giants Fannie Mae and Freddie Mac, as lawmakers seek to protect a mainstay of the housing market: 30-year mortgages.
Proposed Mortgage Regulation Would Kill Home Real Estate Market
(Source: Jackson Sun) – It seems we never run out of lawmakers and regulators who propose rules that bring surprising unintended consequences, only to be followed be a new set of rules that are an overreaction in the other direction. [...]
Dimon to Shun Mortgage Ownership Under Proposed Capital Rules
(Source: Bloomberg By Dawn Kopecki and Craig Torres) – Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. (JPM), said the bank probably won’t keep mortgages on its books under a plan requiring the largest lenders to [...]
Goldman Sachs Said to Be Poised to Sell Litton Mortgage Business to Ocwen
(Source: Bloomberg By Christine Harper) – Goldman Sachs Group Inc. (GS) is closing in on the sale of Litton Loan Servicing LP to Ocwen Financial Corp. (OCN), two months after writing down the value of the mortgage- servicing business by [...]
Nonprofit Mortgage Group Forced to Close
(Source: The Non-Profit By Ruth McCambridge) – Quarterly The Texas Mortgage Bankers Association, a nonprofit, announced it was closing and filed for chapter 7 bankruptcy on May 27 revealing that it has between $100,000 and $500,000 in liabilities and only [...]
Ask a Real Estate Pro: Do I Still Owe the Bank After a Short Sale?
(Source: Sun Sentinel By Paul Owers) – Lawyer and real estate consultant Gary M. Singer answers housing questions in this space each Friday.
Liberal Billionaire Bankers Paid ACORN to Hurt Wells Fargo
(Source: Fox News By Matthew Vadum) – Subprime mortgage hucksters Herb and Marion Sandler, who founded the S&L known as World Savings Bank, paid ACORN around $11 million.
Bank Sues Island Restaurateur After Foreclosures
(Source: THe Inquirer and Mirror By Jason Graziadei) – Michael Sturgis stood in the driveway of his home in Tom Nevers in March and watched the small crowd that had gathered to bid on his home.
A Way to Pay for College, With Dividends
(Source: The New York Times Opion Page By DAVID BORNSTEIN) – If you were a student looking for financing to pursue a degree in social science, would you accept an offer of $16,000, in exchange for paying 4.5 percent of [...]
John Boehner Fights Foreclosure Relief As Housing Crisis Ravages His District
(Source: Huffington Post Zach Carter) – Regina Moore has lived in her Hamilton, Ohio, home, in the heart of House Speaker John Boehner’s district, for 50 years.
BofA to Open Loan Modification Center in Colton
(Source: Daily Bulletin Andrew Edwards, Staff Writer) – Bank of America has announced plans to open a specialized counseling center this month in Colton to assist homeowners on the brink of losing their homes.
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