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- Steamline Refinance, Verification of EmploymentForum: FHA Loans, Requirements & Rates Posted By: twojp Post Time: 05-24-2012 at 10:30 AM […]
- Best Place to liveForum: Best Places to Live Posted By: miamirealest Post Time: 05-24-2012 at 10:11 AM […]
- Secured loan against paid off house... good credit, income under the tableForum: Home Equity Loan Posted By: entrepreneurguy Post Time: 05-24-2012 at 09:38 AM […]
- bank profits, shows how much they aren't hurtingForum: The Lounge - Anything goes here! Posted By: marvelrules Post Time: 05-24-2012 at 09:35 AM […]
- Need some advice...HAMP application in reviewForum: Wells Fargo Home Mortgage Posted By: brandoncheah Post Time: 05-24-2012 at 09:22 AM […]
- Do I need to be concerned about "added charges?"Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Ricky Suerte Post Time: 05-24-2012 at 09:07 AM […]
- edited posting for unbiased advise on FHA Mod through BofAForum: Bank of America Home Loans Posted By: EsawyertoriEvenpatterson Post Time: 05-24-2012 at 08:09 AM […]
- 2012 Michigan foreclosure time lineForum: Stop Foreclosure and Tell Us Your Story Posted By: michiganboa Post Time: 05-24-2012 at 08:06 AM […]
- Wanted: Lender successful at closing Freddie Mac HARP CONDO refisForum: Refinance Posted By: flacondoer Post Time: 05-24-2012 at 06:42 AM […]
- Bank of America recently charged our HELOC offForum: Bank of America Home Loans Posted By: holdingtohope Post Time: 05-24-2012 at 06:04 AM […]
July 2011
Deutsche Bank Asks US Court to Toss Mortgage Fraud Case
New York (Source: monstersandcritics) – Deutsche Bank AG asked a US federal court to dismiss a government complaint that alleged it had lied about the calibre of mortgages to qualify for a government insurance programme and dramatically increase the mortgages’ [...]
Man Who Lied to Get Federal Student Loans Convicted and Sentenced
(Source: Student Loan Blog by Shannon Rasberry) – A Georgia man was convicted in federal court Friday of lying in order to obtain almost $30,000 in federal student loans (“Decatur Man Sentenced for Student Loan Fraud,” The Atlanta Journal-Constitution, July [...]
Blumenthal Announces Senate Probe of Mortgage Servicers
(Source: The Hartford CourantBy JANICE PODSADA) – The Senate Judiciary Committee will investigate charges of abuses by mortgage servicers, including improper loan modification agreements and shoddy foreclosure procedures, which might have resulted in improper home seizures, Sen. Richard Blumenthal announced [...]
MBIA to Drop Mortgage Suit Against Bank of America
NEW YORK (Source: The Wall Street Journal BY DAVID BENOIT) — MBIA Inc. agreed to drop a lawsuit against Bank of America Corp. and Merrill Lynch over $5.7 billion in credit default protection the bond insurer underwrote for the bank’s [...]
Goldman Among Banks Preparing $3.7 Billion of Mortgage-Backed Securities
(Source: Bloomberg By Sarah Mulholland) – Wall Street banks are marketing about $3.7 billion of bonds tied to property loans, wagering investor demand for the debt will withstand mounting concerns that the U.S. economic recovery is stalling and the European [...]
Title Insurer Pays $4.5 million to Settle Kickback Allegations
(Source: Wall Street Journal By Alan Zibel) – Title insurance firm Fidelity National Financial Inc. will pay $4.5 million to settle allegations that it paid kickbacks to real-estate agents who referred business to the company.
Foreclosures Are the Solution, Not the Problem
NEW YORK (Source: TheStreet By Philip van Doorn) – Former Federal Deposit Insurance Corp. Chairman Sheila Bair made some excellent points in her Washington Post Op-ed piece Monday but overlooked one important point: The U.S. needs to double down on [...]
Outgoing FDIC Chair Sheila Bair Says Goodbye & Real Estate Is To Blame
(Source: Co-Star By Mark Heschmeyer) – In her last Capitol Hill appearance before retiring Sheila Bair, now retired chairman of the Federal Deposit Insurance Corp. (FDIC), said the bank insurer still needs to keep its focus on real estate. The [...]
CalPERS Announces $160 Million Profit on Brazilian Real Estate Investment
(Source: The Sacramento Bee) – By Dale Kasler – California’s two public pension funds are starting to make some money in real estate after several years of hard knocks.
US Office Market on the Rebound
(Source: Boston Globe By Hui-yong Yu) – Amazon.com drew attention from landlords in March when it leased most of a 36-story downtown Seattle tower built during the recession, a sign that technology job growth would help lift US office rents [...]
Making College More Affordable, Accessible
(Source: Santa Maria Times) – Equal access to a high-quality education is the foundation for success, both for our kids and for our country.
Financial Giants Getting Hit by Small Revenues
(Source: New York Post By MARK DeCAMBRE) – Meet the incredible shrinking bulls of Wall Street.
Dodd-Frank Forces Banks to Shrink, Reshape
(Source: Bloomberg By Clea Benson and Phil Mattingl) – Jamie Dimon keeps a tally of the ways Wall Street already has been affected by the largest overhaul of financial regulation in generations.
Banks Preparing for (and Fearing) Derivatives Rules
(Source: DealB%%k New York Times By BEN PROTESS) – Wall Street is giving a long-anticipated makeover to its derivatives business, a major profit center that played a leading role in the financial crisis.
Greece Bailout Less Painful Than Bank Bailout
BRUSSELS (Source: Wall Street Journal) – A bailout for Greece may be painful, but it will hurt less than bailing out the continent’s banks for a second time, said Angel Gurria Secretary General of the Organisation for Economic Co-operation and [...]
Italy: ‘Hang on lads, I’ve got a great idea…’
(Source: BBC) – Hedge funds are short-selling Italian banks for a reason. They fear the banks may not pass the revamped EU stress tests.
Foreclosure Defense – One for Our Side!!
(Source: jacksonville) – There once was a man who had been working with his home loan servicer and had gotten a trial modification. He sent in all his documentation for the permanent modification, but then the servicer said, “You scratched [...]
Social Networking Gone Wild: Foreclosure via Facebook
(Source: MoneyLand By Tara-Nicholle Nelson) – The most distressing content most of us have ever seen on Facebook falls within the realm of the overshare: your boss’ Vegas stag party pics, or your new boyfriend’s status change from single to [...]
Texas Nails Giant Debt Collector
HOUSTON (CN By CAMERON LANGFORD) – After paying pennies on the dollar to acquire billions of dollars in debts, Encore Capital Group had employees robo-sign “thousands of false affidavits” to win default judgments against tens of thousands of Texans, the [...]
Cross Examination – California’s Top Cop Takes the Stand
(Source: SCPR) – Today, AirTalk kicks off a new, semi-regular series with California’s top law enforcement official, Kamala Harris. It’s been about six months since Harris, a career prosecutor who served two terms as San Francisco’s District Attorney, was sworn [...]
New Limits Loom on Jumbo Mortgages
(Source: MSN Money) – The wobbly housing market is about to absorb a new blow: On Oct. 1, the government will lower the size of home loans it guarantees.
Help for Mortgages is Good but not Enough
(Source: St. Petersburg Times) – A new federal program that lets the unemployed defer all or part of their mortgage payments for 12 months or more will provide a real safety net for families that need a temporary bridge to [...]
When Refinancing Doesn’t Make Sense
(Source: Smart Money By JILIAN MINCER) – For homeowners frightened by debt, paying off a mortgage has taken on new urgency — so much so that they’re opting for higher monthly payments just to be debt-free sooner. But with interest [...]
Carnie Wilson Must Cough Up Cash or Face Foreclosure
(Source: okmagazine Vicki Salemi) – Sure, she made a fun cameo in the hilarious summer hit Bridesmaids, but Carnie Wilson’s latest woes have nothing to do with having a good time. The former talk show host, Celebrity Fit Club star [...]
30 Reasons To Get Out Of Real Estate And Into REAL Assets
(Source: Business Insider) – “You can fool some of the people some of the time, but not all of the people all of the time.” –Abraham Lincoln
The Billion-Dollar Bank Heist
(Source: News Week by Gary Rivlin) – There are the bills a president signs sitting in the Oval Office and the bills that merit a Rose Garden ceremony. And then there are bills so momentous—or at least so critical to [...]
Chicago to Hold Banks Responsible for Foreclosed Property
(Source: Black Voice News By J. Coyden Palmer) – In an effort to combat the problem of abandoned properties in Chicago neighborhoods, the City Council approved an ordinance that will hold lending institutions responsible for the upkeep of properties foreclosed [...]
Socialist Candidate Calls For Banks To Finance Jobs, Help Economy
MADRID -(Source: NASDAQ)- Spain’s Socialist party candidate for prime minister on Saturday called for greater contributions from banks and the wealthy to help end the country’s deep economic crisis.
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