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- 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
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- 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 […]
July 2011
Feds Say the Newest Mortgage Fraud is Reverse Mortgage Fraud
(Source: By Jeff Ostrowski Palm Beach Post) – In a $2.6 million scam, three Palm Beach County men used bogus appraisals to take out reverse mortgages on behalf of unwitting borrowers, federal prosecutors said Wednesday.
Reverse Mortgage Scam Targeted Seniors
(Source: MiamiHerald By TOLUSE OLORUNNIPA) – Three South Florida mortgage professionals conspired with a Pittsburgh title agent to defraud senior citizens through a reverse mortgage scam, according to allegations unveiled Wednesday by U.S. Attorney Wifredo Ferrer.
Primary Prosecutors of Mortgage Fraud? Pension Funds And Plaintiffs’ Lawyers
(Source: Forbes) – Just when you think you’re caught up on all the troubles Bank of America is having with mortgage-related fraud, there’s another story. A group of bondholders calling themselves Walnut Place challenged the bank’s most recent settlement with [...]
U.S. Consumer Bureau Plans to Write Rules for Mortgage Servicers
(Source: Bloomberg By Lorraine Woellert) – The Consumer Financial Protection Bureau is preparing to impose rules on U.S. mortgage servicing firms, said Raj Date, the bureau’s associate director.
Fed Unveils More Crisis-Loan Details
WASHINGTON -(Source: NASDAQ By Luca Di Leo) – Goldman Sachs Group Inc. (GS) took the biggest single sum and was given the best rate on two Federal Reserve loans in December 2008, the latest disclosure of the central bank’s controversial [...]
Banks Ready for Jumbo Loan Switch
WASHINGTON (Source: NewsTimes) – How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing squeeze [...]
Banks Proactively Restructuring Options ARMs
(Source: Fierce Finance By Jim Kim) – When it comes to cutting mortgage balances for end customers, the biggest banks have consistently maintained that it was a bad idea. It would be unfair to the mortgage customers that did everything [...]
JPMorgan, BofA Said to Near Foreclosure Deal
(Source: Bloomberg By Dawn Kopecki) – Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM) and three other U.S. mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed [...]
Lenders Said Near Foreclosure Deal
NEW YORK (Source: Boston Globe) – JPMorgan Chase & Co., Bank of America Corp., and three other US mortgage servicers are in advanced talks to resolve state and federal claims over faulty foreclosures, according to two people briefed on the [...]
Is Family on the Hook for Underwater Property?
(Source: Chicago Tribune) – Q. I inherited a condominium in Naples, Fla. from my parents. The property has a mortgage of $200,000 and is worth about half that much. My parents owned it with my uncle and his wife, who [...]
Fort Worth Real Estate Agent Facing Jail Time in 2002 Case
(Source: Star Telogram By Darren Barbee) – A Fort Worth real estate agent is facing up to five years in prison for faking rental histories and paycheck stubs for home buyers to obtain HUD loans, according to a federal criminal [...]
Free Credit Scores Coming to Prospective Borrowers
(Source: New York Times By TARA SIEGEL BERNARD) – Starting later this month, if you’re denied for a loan or don’t qualify for the best interest rate, the lender must send you a free copy of the credit score it [...]
Profiting From the Subprime Arena of the Education Sector
(Source: Seeking Alpha) – As I stated in my previous column about student loans, America is experiencing a bubble in higher education. Universities across America will be victim to severe cutbacks, declines in enrollment, and student loan defaults. For-profit colleges [...]
Debit Card Rules Save Banks $3.5 Billion, Moody’s Says
(Source: New York Times) – While new caps on debit card fees will cost Wall Street billions of dollars in precious revenue, the dent could have been much worse.
Even Banks Can’t Win in Time of Low Interest Rates
(Source: Barrons By RANDALL W. FORSYTH) – Time was that banks used to feast on cheap money. Bank stocks would rally on the hint of Federal Reserve interest-rate reductions since the banks would cut the rates they paid to depositors [...]
French Banks Slash Bank Card Fees to Settle Antitrust Probe
(Source: Bloomberg By Heather Smith) – The group that governs France’s bank- card industry agreed to cut by as much as 36 percent interbank fees for bank card transactions to settle a competition regulator’s investigation.
German Banks See Business Developing Positively, Survey Shows
(Source: Bloomberg By Niklas Magnusson) – About 98 percent of German banks expect their business to develop positively in the next six months as the country’s economic growth offsets the debt crisis in southern Europe, according to an Ernst & [...]
Big Banks Sued for Botching Loan Modifications
LOS ANGELES (Source: Oregon Live By the Associated Press) — It seemed Maria Campusano’s financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.
Program to Deter Foreclosures in Maryland is Less Successful Than Anticipated
(Source: The Washington Post By Ovetta Wiggins) – Louise Golden, 79, recently stood at the front door of her tidy brick split-level in Lanham, still shocked to hear the terms of the refinancing agreement she and her now-deceased husband, Stanley, [...]
Shareholder Wants Goldman Execs Canned
MANHATTAN (Source: CN By DAN MCCUE) – Goldman Sachs’ top dogs failed to take corrective action before and after the collapse of mortgage-backed securities touched off the global financial crisis, exposing the firm to billions of dollars in liabilities, shareholders [...]
Supreme Court Justice Schack Hits HSBC for ‘Frivolous Motion’ in Foreclosure, Asks Boss to Explain
(Source: New York Daily News) – A Brooklyn judge has ordered the head of one of the nation’s biggest banks to appear in court and explain why it should not be penalized for submitting false documents in a foreclosure case.
DOJ Claims MGIC Refused to Insure Mortgage for Woman on Maternity Leave
(Source: Housing Wire by KERRI PANCHUk) – The Department of Justice filed a lawsuit against Mortgage Guaranty Insurance Corp. (MTG: 6.53 +7.93%), alleging the mortgage insurer violated the Fair Housing Act by requiring a woman on paid maternity leave to [...]
HSBC Plans to Raise Hibor-Linked Mortgage Rates
(Source: Bloomberg By Stephanie Tong) – HSBC Holdings Plc (HSBA) plans to raise the interest rate for mortgages linked to the Hong Kong interbank offered rate on July 7.
Five Housing Trends in Summer 2011
(source: Fox Business By Polyana da Costa) – Low mortgage rates and the bargains to be found in the vast inventory of distressed homes for sale are making this a buyer’s market. In many areas it has become cheaper to [...]
Texas Real Estate Agent Convicted in 1986 Killing
FORT WORTH, Texas (Source: The Associated Press) — A Dallas real estate agent who allegedly posed as a buyer has been sentenced to life in prison for the 1986 killing of a woman at her for-sale home.
Foreign Buyers Lifting U.S. Home Sales
(Source: By Julie Schmit, USA TODAY) – Foreign buyers are helping to stoke home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida.
Agents and Owners Turn Increasingly Pessimistic on Values
(Source: By Steve Cook Real Estate Economy Watch) – Half of agents and 42 percent of homeowners in a second quarter survey expect home values to decrease or stay the same through the end of the year. Thirty-eight percent of [...]
Equifax Sees 20% Jump in 1Q Auto Lending
ATLANTA (Source: Forbes by Associated Press) – Auto loans for U.S. consumers rose 20 percent during the first three months of the year compared with the same period 2010, according to credit reporting agency Equifax Inc.
Lawyer: Don’t ignore the notices on student loan debt
(Source: Island Packet BY ALLYSON BIRD) – Maurice Rowlin went to college more than 25 years ago, but his unpaid student loans continued to accrue interest.
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