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- Strategic Default and Credit Cards in CaliforniaForum: Stop Foreclosure and Tell Us Your Story Posted By: WalnutCreek Homeowner Post Time: 01-27-2012 at 10:15 AM […]
- Chase HAMP Trial Mod Communication QuestionForum: Chase Mortgage - Tell Us Your Chase Story Posted By: Sunnyfish Post Time: 01-27-2012 at 09:38 AM […]
- Can you get a loan mod if you have 200,000 in equity ?Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: Saritas Post Time: 01-27-2012 at 08:50 AM […]
- BOA Has put my loan into foreclosure - ConnecticutForum: Stop Foreclosure and Tell Us Your Story Posted By: Housebroken13 Post Time: 01-27-2012 at 08:41 AM […]
- Questions about settling 2ndForum: Debt Settlement Posted By: johnmrob Post Time: 01-27-2012 at 01:09 AM […]
- Walking in NorCal, have a few ?'sForum: Wells Fargo Home Mortgage Posted By: thisishard Post Time: 01-26-2012 at 09:32 PM […]
- getting on the wheelForum: Wells Fargo Home Mortgage Posted By: msdjsd Post Time: 01-26-2012 at 08:31 PM […]
- GreenTree 1st and 2nd do I have a chance to settle 2ndForum: Stop Foreclosure and Tell Us Your Story Posted By: busterbully Post Time: 01-26-2012 at 08:20 PM […]
- Can they change my 2nd mortgage into a Personal Loan and garnish my wages for it?Forum: Stop Foreclosure and Tell Us Your Story Posted By: I'm So Tired Portland Ore Post Time: 01-26-2012 at 06:11 PM […]
- Short sale success!!! My perceived keys to success!!!Forum: Short Sale Outpost Posted By: jdubbs Post Time: 01-26-2012 at 03:55 PM […]
June 2011
EU Vows to Avert Greek Default in Exchange for Deficit Cuts
June 24 (Source: Bloomberg By James G. Neuger and Jonathan Stearns) — European Union leaders vowed to stave off a Greek default as long as Prime Minister George Papandreou pushes through a package of budget cuts next week, pledging to [...]
Banks Discuss New Greek Rollover Plan
(Source: Reuters) – European banks and finance officials are discussing a proposal to replace existing Greek debt with a different type of bond to get around ratings agencies’ reservations about a planned rollover, two senior European banking sources said on [...]
Did Homeowners Respond Strategically to Mortgage Modification Programs?
(Source: Texas Insider) – National Bureau of Economic Research researchers Christopher J. Mayer, Edward Morrison, Tomasz Piskorski and Arpit Gupta investigate whether homeowners responded strategically to news of mortgage modification programs. They exploited plausibly exogenous variation in modification policy induced [...]
As Banks Exit the Reverse Mortgage Business, Seniors Seek Alternatives
(Source: Daily Finance By Dawn Kawamoto) – Last week, Wells Fargo (WFC), the biggest name in the nation’s reverse mortgage market, announced that it was getting out of the business, citing concerns that housing prices could continue to erode further. [...]
Farkas’s Acquisition Broadens Special Servicer Role
(Source: the Wall Street Journal By Eliot Brown) – Investor Andrew Farkas is in a deal to buy NAI Global, a Princeton N.J.-based commercial real estate services firm, the companies announced today, in a move to bolster his firm C-III [...]
Flim, Flam, Flip, Straw Man Mortgage Fraud
(Source: Forbes) – According to allegations by federal prosecutors, from late 2004 through January 2007, Alexander Kaplan (former Brooklyn-based real estate lawyer and the owner of a title insurance company) and his co-conspirators obtained hundreds of mortgage and home equity [...]
Moundridge Grandmother Charged in 4 Bank Robberies
(Source: By Chris Durden & Michael Schwanke KWCH 12 Eyewitness News) – Prosecutors indict a Moundridge woman for robbing or attempting to rob banks in Newton, McPherson, South Hutchinson and Wichita.
Vanilla Ice Real Estate: You Have Got to be Kidding Me?
(Source: LoanSafe.org By Moe Bedard) – Vanilla Ice, AKA Rob Van Winkle, the one hit non-wonder rapper from the 80′s is now “selling” advice on real estate investing with his new corny DIY cable TV show The Vanilla Ice Project, [...]
Seattle Suicide Signals Collapse of Real Estate Empire
SEATTLE (Source: by KING 5 News) – On a sunny June day, movers are dismantling a once booming real estate empire.
US Commercial Real Estate Prices Fall 3.7% In April
(Source: Wall Street Journal) – Moody’s Investors Service said U.S. commercial real estate prices fell by 3.7% in April, as distressed prices masked the price recovery seen in larger, higher-quality assets.
Which to Buy: Short Sale or Foreclosure?
(Source: Fox Business By Kim Fulscher) – In this buyer’s market, some homebuyers ask themselves: Will purchasing a short sale or foreclosure end in disaster — or yield a jackpot?
Banks Request $11.6B From Small Business Lending Fund
WASHINGTON (Source: Wall Street Journal)–The Obama administration expects to begin disbursing funds from its signature small-business lending program soon, U.S. Treasury Secretary Timothy Geithner said Wednesday, though banks have requested only a little more than one-third of total funds available.
Wanted: Better Bank Regulators
(Source: Mother Jones By Andy Kroll) – Hello there, Drum readers! I’m Andy Kroll, a reporter here in MoJo’s DC bureau. For the next week, I’ll be one of the guest bloggers keeping the Drumbeat lively while Kevin lounges on [...]
Bank Regulator Comes Under Fire
(Source: Wall Street Journal By Victoria McGrane and Alan Zibel) – On Tuesday, Acting Comptroller of the Currency John Walsh said regulators are in danger of going too far to curb risk-taking by big banks.
Biggest Banks May Get Funding Help in Basel Regulators’ Bid to Shrink Them
(Source: Bloomberg By Liam Vaughan and Gavin Finch) – The biggest banks may face the stiffest additional capital requirements under plans being considered by global regulators, a premium that may give them a financing advantage over their smaller competitors.
Banks May be Sued if Foreclosure Negotiations Fail
CHICAGO (Source: By David McLaughlin Bloomberg News) — Banks negotiating with state attorneys general over foreclosure practices would be sued if a settlement isn’t reached, two of the state officials leading the talks said.
Bernanke Defends Capital Standards for Big Banks
(Source: Reuters By Dave Clarke) – Tougher capital requirements for the world’s largest banks will make the financial system safer while having a limited impact on the economy, Federal Reserve Chairman Ben Bernanke said on Wednesday.
EU’s Risk Monitor Warns Debt Troubles Could Spread Beyond Europe
FRANKFURT, Germany (Source: The Washington Post) — Europe’s new risk monitor is warning that the eurozone’s debt crisis could spread financial harm beyond Europe, and its chairman said the current level of danger was coded “red” for the highest level [...]
Trichet Says Risk Signals Are Flashing Red as Debt Crisis Threatens Banks
(Source: Bloomberg By Jeff Black and Gabi Thesing) – European Central Bank President Jean-Claude Trichet said risk signals for financial stability in the euro area are flashing “red” as the debt crisis threatens to infect banks.
Wells Fargo Helps Mortgage Customers Facing Payment Challenges in Irvine
IRVINE, Calif., Jun 22, 2011 (Source: Market Watch) — Wells Fargo & Company WFC +1.57% is hosting a local Home Preservation Workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial [...]
$41 Million in Mortgage Help for Troubled Colorado Homeowners
DENVER (Source: Colorado Channel 9 News) – If you’re unemployed, buckling under bills, and at risk of losing your home, the government might be able to help you make your mortgage payments.
CPAC Non Profit Law Clinic Helps 100-Year-Old World War II Veteran After IndyMac/OneWest Bank Forecloses on Home of 38 Years
SANTA ANA, CA–(Marketwire – Jun 22, 2011) – According to Paul Perez, nephew of Mr. Basilio Mosqueda, who just turned 100 years old this June 14th, the United States World War II Veteran, mostly deployed in Europe fighting Nazis, and [...]
JPMorgan Chase Accused in Two Mortgage-Backed Securities Cases
Reporting from New York (Source: By Nathaniel Popper, Los Angeles Times) — In a one-two punch to its reputation, JPMorgan Chase & Co. was accused by regulators in separate cases of misleading big investors about the riskiness of mortgage-related securities [...]
Law Firm Fisher and Shapiro Sued Over Foreclosure Cases
(Source: Chicago Tribune By Mary Ellen Podmolik) – A former Chicago resident whose home is in foreclosure has filed a lawsuit against Fisher and Shapiro LLC, the law firm that admitted to Cook County Circuit Court that some of the [...]
New Jersey Foreclosure Rescue Scammer Sentenced to More Than 13 Years in Prison
(Source: USDOJ) PHILADELPHIA, PA – Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management [...]
First Universal Lending: FTC Stops Bogus Loan Modification Firm
(Source: FTC by Moe Bedard) – Under a settlement with the Federal Trade Commission, a federal court banned three men and their company from the mortgage modification business and ordered them to pay nearly $19 million for consumer refunds. The [...]
“Operation Stolen Dreams” Gets Another Mortgage Fraud Plea
(Source: Forbes) – “Operation Stolen Dreams” is the federal and state law enforcement sweep that targeted mortgage fraud in 2010, at which time it was reported over 1,200 individuals were named as defendants resulting in over 600 indictments for crimes [...]
Living Through the Short-Sale Process…
(Source: CPBJ Now By Jeff Geoghan) – Short sale: The dreaded process by which a homeowner undertakes to sell their home for less than they owe on the mortgage, asking their creditor to take a loss and forgive the outstanding [...]
Vanilla Ice Opens Real Estate Advice Website
(Source: Rolling Stone By Matthew Perpetua) – Vanilla Ice has created a new website called Vanilla Ice Real Estate to provide real estate guidance to his fans. The rapper has extensive experience in real estate investment over the past 16 [...]
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