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- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
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- Ocwen foreclosed on our after taking two payments after stringing us along for three years. Calling India is impossible. I do not believe thery are helping Americans.. Who can I turn to? on President Obama’s Foreclosure Prevention Plan Explained
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- AdviceForum: Stop Foreclosure and Tell Us Your Story Posted By: Davedbutch Post Time: 02-22-2012 at 09:40 PM […]
- Is it Nationstar or Wells Fargo?Forum: Wells Fargo Home Mortgage Posted By: snorklininNY Post Time: 02-22-2012 at 06:05 PM […]
- Short Sale AFTER Sheriff SaleForum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Trapped No More Post Time: 02-22-2012 at 05:51 PM […]
- What is a letter of administration? What is a recorded final distribution deed? Please help! need advice.Forum: Citi Mortgage Posted By: adamb Post Time: 02-22-2012 at 05:33 PM […]
- BoA is trying to foreclose even after an approved loan modficationForum: Bank of America Home Loans Posted By: lopcas Post Time: 02-22-2012 at 05:20 PM […]
- Interesting......NOT!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: packfan1957 Post Time: 02-22-2012 at 05:02 PM […]
- missouri forecloser lawForum: Foreclosure Laws Posted By: tilexia Post Time: 02-22-2012 at 04:07 PM […]
- Applying for a mod after bankruptcy...?Forum: Bank of America Home Loans Posted By: MomtoCon Post Time: 02-22-2012 at 02:34 PM […]
- House forclosed and went back to lenderForum: Ask the Attorneys? Posted By: msmarydaniel Post Time: 02-22-2012 at 01:56 PM […]
- Specialized Loan Servicing 2nd mortgage offer me a settlementForum: Debt Settlement Posted By: Angel.R Post Time: 02-22-2012 at 01:54 PM […]
August 2011
PMI Shares Plunge 32%
(Source: By George Avalos Contra Costa Times) – PMI Group shares plummeted 32 percent Monday, the first trading day after state regulators halted the struggling Walnut Creek company’s ability to issue new insurance policies to cover mortgages.
Cash is King for Southwest Florida Real Estate
(Source: Herald Tribune By Michael Braga) – For Southwest Florida buyers, cash is king — and shows no signs of abandoning its throne.
Husband of Woman Gunned Down in NJ Got $2M in Real Estate Deal Before Murder
NEW YORK (Source: A New York Post) – The man who allegedly conspired to have his wife gunned down while the pair took a stroll in suburban New Jersey with their two-year-old son cut a $2 million real estate deal [...]
Good Deals At the High End of Commercial Real Estate
(Source: Madison.com) – In a commercial real estate market that remains sleepy overall, Madison’s Far West Side is emerging as a sweet spot for lease deals in the best office buildings and as a likely future location for new office [...]
A Breeding Ground for ‘Get-Rich-Quick’ Schemes
(Source: New America Media) – There is an old saying that while it takes hands to build a house, it takes hearts to build a home.
Bank Layoffs Continue Unabated: UBS to Cut 3,500 Jobs
(Source: IB Times) – Swiss bank group UBS AG said it will eliminate 3,500 jobs around the world over the next two-and-a-half years as part of its efforts to reduce its cost structure.
Bank of America Shares Fall Amid Up Market
(Source: Bloomberg BusinessWeek) – Shares of Bank of America Corp. tumbled Monday even as the broader market rose on worries about the impact of market volatility on banks.
It’s a Flawed Settlement
(Source: The New York Times) – The Obama administration has turned up the heat on Eric Schneiderman, New York’s attorney general, to go along with a proposed settlement with the nation’s largest banks over dubious foreclosure practices. Mr. Schneiderman should [...]
Bank Of America’s No-Good, Very Bad Enablers
(Source: Forbes Halah Touryalai) – What’s the worse than Bank of America acting as if it deserves immunity from all its bad foreclosure behavior? A presidential administration that agrees.
Consumers Squeezed Less at Credit Unions
NEW YORK (Source: MainStreet By Matt Brownell) — The Great Recession hasn’t made things easy for bank customers. Across the street at the credit union, it’s a bit more comfortable.
There Was A Legitimate Run On Morgan Stanley During The Crisis
(Source: Business Insider Courtney Comstock) – One reason why Morgan Stanley borrowed more than any other bank during the crisis, $107 billion, is that there was a run on its prime brokerage.
Homeowners Need Help
(Source: New York Times) – Neither Congress, nor federal regulators, nor state or federal prosecutors have yet to conduct a thorough investigation into the mortgage bubble and financial bust. We welcomed the news that the Justice Department is investigating allegations [...]
Frustrated Homeowners Say They Got Roadblocks, Not Help
DETROIT (Source: The Detroit Free Press By JENNIFER DIXON) – Kim Orsi’s bank told her she needed to earn more money to qualify for a federal loan modification program. So she started a pet-sitting business, only to be told she [...]
Mortgage Delinquencies Increase
(Source: Wall Street Journal BY NICK TIMIRAOS) – The number of American households that fell behind on their mortgages increased slightly in the second quarter from the previous quarter, according to a survey released Monday, an unwelcome sign for the [...]
Banks Foreclosing on Burt Reynolds Mansion
(Source: Star Tribune) – Friends and fans of Burt Reynolds are rallying around the actor after hearing that his home in Hobe Sound, Fla., is under foreclosure proceedings.
Market Instability, Low Rates, Boost Refinancing
(Source: The Sun News By Adva Saldinger) – Record low mortgage rates stemming from the shaky economy have sparked a recent flurry of refinancing activity locally and nationally as homeowners aim to save a few bucks by locking in lower [...]
Refinance Your Mortgage
(Source: Bostom.com By Barbara Bedway) – The stalled economic recovery has pushed interest rates to near-historic lows (pending any uptick with the recent downgrade in the US credit rating). If you’re paying more than 5 percent on a 30-year loan, [...]
Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal
(Source: The New York Times By GRETCHEN MORGENSON) – Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious [...]
Fed’s $1.2 Trillion Loan Lifelines Dwarfed TARP
Aug. 22 (Source: Bloomberg) – The U.S. Federal Reserve mounted an unprecedented campaign to head off a depression by providing as much as $1.2 trillion in public money to banks and other companies from August 2007 through April 2010, exceeding [...]
Fed Data From 29,000 Pages Show Banks’ Bailout
(Source: Bloomberg By Phil Kunto) – To rank companies by how much they borrowed from the U.S. Federal Reserve during the financial crisis, Bloomberg News examined data the central bank was forced to release about seven programs.
Shadow Inventory Improves But Still Threatens Housing Recovery
NEW YORK (Source: CNNMoney By Les Christie) — An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are [...]
Miami Leading Real Estate Boom In Florida, Latest Data Shows
(Source: IB Times) – Sales of homes and apartments in Miami, Florida, are continuing their upward trend and are now 47% and 33% higher than a year ago, the latest figures show. Miami appears to be leading a sales revival [...]
Foreclosure Talks Snag on Bank Liability
(Source: Wall Street Journal BY RUTH SIMON, VANESSA O’CONNELL AND NICK TIMIRAOS) – Efforts to reach a settlement that would end the long-running probe of foreclosure practices are snagged over whether banks will get broad legal immunity from state officials [...]
Debit Card Fees Could Signal Trend
(Source: AJC By J. Scott) – Trubey Not happy about bank fees? Better get used to it.
Judge McConnell Orders Banks, Struggling Borrowers to Talk it Out
PROVIDENCE (Source: Projo By Katie Mulvaney) — U.S. District Court Judge John J. McConnell Jr. has put more than 60 cases challenging foreclosure proceedings across Rhode Island on hold and ordered the banks and borrowers to engage in “directed and [...]
A Weak Economy Trampled by Battling Giants
(Source: The Boston Globe By Paul McMorrow) – IT’S BEEN more than four years since the subprime mortgage market seized up. The three-year anniversaries of the Lehman Brothers bankruptcy and the nationalization of Fannie Mae and Freddie Mac are weeks [...]
What Do Interest-Rate Lows Mean For Borrowers?
(Source: Reuters By Lauren Young and Beth Pinsker) – As the stock market plummeted yet again on Thursday, interest rates on 10-year Treasury notes dipped below 2 percent to the lowest levels in 70 years.
Veterans Affairs Mortgage Program Avoids the Pitfalls of Other Lenders
(Source: The Washington Post By Kenneth R. Harney) – Imagine a mortgage program that seems to defy many of the lessons of the housing bust:
Few Homeowners Qualify for Refinancing
(Source: Dayton Daily News By Randy Tucker) – Super-low mortgage rates have yet to spur a rebound in home sales, but the low rates have generated a surge in applications for refinancing as cash-strapped homeowners look for ways to cut [...]
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