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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 […]
July 2011
Ocwen Offering Mortgage Modifications That Restore Equity for Underwater Borrowers But Let Loan Investors Share in Appreciation When Market Recovers
WASHINGTON, Jul 26, 2011 (Source: MarketWatch) — Ocwen Financial Corporation OCN -0.61% , servicer of residential mortgages, has initiated a loan modification program designed to help distressed homeowners who owe more than their houses are worth and, at the same [...]
Almost Half Of All Mortgages in Arizona Are Underwater, Report Says
FORTUNE (Source: CNNMoney By Abigail Field) – Investors in mortgage-backed securities who got cleaned out during the housing bust aren’t going to take their losses lying down. The first act of investor revolt was organized by Kathy Patrick, a little-known [...]
Bringing The Big Banks to Justice, One Mortgage At a Time
FORTUNE (Source: CNNMoney By Abigail Field) – Investors in mortgage-backed securities who got cleaned out during the housing bust aren’t going to take their losses lying down. The first act of investor revolt was organized by Kathy Patrick, a little-known [...]
Mortgage Interest Deduction Big in Budget Play
(Source: Diana Olick by CNBC) – It’s not like the housing market needs any more headwinds, so here’s the government potentially giving us another: The mortgage interest deduction is back in big play in the budget deal.
Let’s Refine the Mortgage Interest Deduction
(Source: StatesMan Journal Ron Eachus) – Proposing to reduce some of the mortgage interest deduction tax breaks for homeowners is like telling the local diner to take apple pie off the menu. It just isn’t received well by a public [...]
Mortgages For Dummies
NEW YORK (Source: By David Weidner, MarketWatch) — Are you an idiot? If so, you may qualify for a bank loan with a special rate.
Real Estate Agent From Norwalk Faces Sentencing For Fraud
BRIDGEPORT, Conn. (Source: Daily Journal) — A real estate agent from Norwalk is facing sentencing for her role in a mortgage fraud scheme.
AG Targets Mortgage Flaws
(Source: Boston Herald By Jerry Kronenberg) – Massachusetts Attorney General Martha Coakley slammed a private network used by lenders for loan trading as she launched a far-reaching probe into whether banks violated state property-recording laws during the housing boom — [...]
Former Head of Orinda Real Estate Investment Group Pleads Not Guilty
MARTINEZ (Source: Lamorinda Patch By Andra Lim) – An Orinda man formerly at the helm of a real estate investment company pleaded not guilty to felony charges of embezzlement, theft and forgery Monday morning.
Moody’s: Commercial Real Estate Outlook Improving
(Source: Bloomberg Businessweek) – The commercial real estate market is showing increased signs of stability, led by burgeoning demand for apartments, according to a report issued Monday by Moody’s.
Real Estate Agents Shoulder Small-Business Owner’s Burden
(Source: By ALAN J. HEAVENS The Philadelphia Inquirer) – Eight out of 10 real estate agents are independent contractors, not salaried or commissioned employees.
Regulators Close Three Banks; US Bank Closures Reach 58 In 2011
(Source: RTTNews) – The Federal Deposit Insurance Corp. or FDIC announced Friday the shuttering of two banks in Florida, and one in Colorado, taking the count of U.S. bank closures in 2011 to 58, after the 157 bank closures in [...]
Mass. AG Puts Conditions On Bank Settlement
(Source: Bloomberg BusinessWeek By PALLAVI GOGOI) – Massachusetts Attorney General Martha Coakley said on Monday that she will not sign on to any agreement between attorneys general and the big banks if it includes releasing them from future liability related [...]
Moody’s Sees Benefits for Banks From Consumer Bureau
(Source: Dealb%%kBy BEN PROTESS) – The new Consumer Financial Protection Bureau has ignited fear on Wall Street. But many banks may eventually benefit from the regulator’s careful watch, according to a new report by Moody’s Investors Service.
Banks To Pass On Rate Hikes
(Source: Reuters By Swati Pandey and Shamik Paul) – Lenders will look to pass on Tuesday’s interest rate increase to customers sooner than later to maintain profitability, even though at the cost of lending growth, which is seen slowing down.
Obama to Banks: We’re Not Defaulting
(Source: FOx Business By Charlie Gasparino) – While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at [...]
Societe Generale Undermined by Greek Debt Crisis After Kerviel
(Source: Bloomberg By Richard Tomlinson and Fabio Benedetti-Valentin) – In a locked room on the 33rd floor of Societe Generale (GLE) SA’s 36-story headquarters in western Paris, members of the bank’s fraud control team peer at their computers, scrutinizing the [...]
European Banks Slash Jobs
LONDON (Source: The Wall Street Journal BY MARGOT PATRICK) — European banks are cutting jobs to save on costs, as weaker earnings in key business lines and coming regulations bite into their profits.
Rating Cut May Force Student-Loan Security Sales
(Source: Bloomberg By Sarah Mulholland) – A cut in the U.S. government’s AAA grade could force investors to sell asset-backed securities tied to student loans, causing spreads to widen “significantly,” according to Citigroup Inc.
RI To Use Student Loans To Encourage Nursing
(Source: Bloomberg BusinessWeek) – Rhode Island will offer nursing students zero interest student loans if they agree to work in the state after graduation.
Class Action Lawsuits Filed Against Saxon Mortgage Services, Inc. and Ocwen Mortgage Servicing, LLC By Pennsylvania Homeowners
PHILADELPHIA, July 21, 2011 (SOURCE Berger & Montague, P.C.) – The law firms of Berger & Montague, P.C. and Ann Miller, LLC have filed a Class Action complaint in the United States District Court for the Eastern District of Pennsylvania [...]
New Foreclosure Prevention Law Takes Effect
(Source: kuow) – The state’s new Foreclosure Fairness Act takes effect today (Friday). It requires that distressed homeowners be given the chance to seek mediation before banks can foreclose. Housing counselors say their phones are ringing off the hook as [...]
Beware US Real Estate Scammers
(Source: GLobes Israel’s Business Arena Nathan Wirtschafter) – Many Israelis are now buying and selling American real estate, trying to take advantage of a strong shekel and a weak United States real estate market.
Home from War and Facing Eviction
CAPE CORAL, Fla. (Source: NewAmericaMedia) — After the Second World War, returning veterans were welcomed home to two of the most successful government initiatives ever — the FHA and VA housing programs — which put millions of them into their [...]
Mortgage ‘Robo-Signing’ Still Goes On
(Source: Daily Herald) – Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt [...]
Document Details Mortgage Fraud
(Source: The Sun News By Josh McCann) – New Jersey authorities have released 33 pages of information about the mortgage-fraud scheme involving Blair Witkowski of Bluffton after a New Jersey man admitted last week to participating in it.
CEO Brian Moynihan Says Bank of America Is Turning The Corner On Its Countrywide Woes
(Source: By E. Scott Reckard, Los Angeles Times) – Bank of America Corp.’s chief executive is out to convince Wall Street that he’s finally bringing under control the financial disaster caused by the bank’s acquisition of mortgage goliath Countrywide Financial [...]
Mortgage Bond Sales Seen Rising After 5-Year Slump: Japan Credit
July 25 (Source: San Francisco Chronicle) – Sales of mortgage bonds are poised to rise for the first time in five years as the securities help fill a void created by utilities that pulled debt sales following the world’s worst [...]
Foreclosure Q&A: Do Neighbors Of Abandoned Home Have Any Rights?
(Source: By Gayle Beck CantonRep) – Unlike some personal financial problems, foreclosure — especially on the scale we’ve seen in Stark County since the housing bubble collapsed — affects whole communities. Today we’re wrapping up our question-and-answer series on foreclosure, [...]
The Most Misunderstood Woman In Washington
(Source: CBS News By Christopher Caldwell) – President Obama’s nomination of former Ohio attorney general Richard Cordray to head the new Consumer Financial Protection Bureau may finish off the brief political career of the most eccentric and poorly understood figure [...]
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