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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
- Karl on Principle Reductions: Wipe Out Your 2nd Mortgage With Bankruptcy
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- Bill Jenkins on Chris Fox & Curt Melone: Ex-Associates and Family Speak Out
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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
Paris Hilton Enters Real Estate Business
(Source: The Times of India) – Socialite Paris Hilton is following in her family’s footsteps as she is heading to the Philippines to launch a property venture.
Real Estate and the American Revolution
(Source: The Slate By François Furstenberg) – Ethan Allen was at various times: reckless speculator, captain of the continent’s largest paramilitary force, outlaw with a £100 bounty on his head, American Revolutionary commander, prisoner of war, best-selling author, radical Deist [...]
Lenders’ Fears Could Raise Interest on Student Loans
(Source: By Ben Wolfgang The Washington Times) – As if rising tuition costs weren’t enough, many college students could soon face higher interest rates on their student loans, another potential aftershock of last week’s U.S. credit downgrade by Standard & [...]
Graduates Saddled With Student Loans May Pay Dearly for Decades to Come
(Source: LJ World By Andy Hyland) – Ian Hrabe remembers the phone calls. They started cordially, but got nastier and nastier, until finally the student loan company was calling at 7 a.m., demanding payment on its loan.
Biggest Banks Bail on Small-Biz Loans
(Source: By JAN NORMAN / THE ORANGE COUNTY REGISTER) – Many of the nation’s biggest banks are making significantly fewer small-business loans under a federally guaranteed program than they did before the recession, reports MultiFunding LLC, a Philadelphia-based small-business loan [...]
Banks Reckon Their Money Is Safer Deposited With ECB
(Source: The Wall Street Journal By Margit Feher) – The amount of money commercial banks parked overnight at the European Central Bank rose Friday and the cost of borrowing in euros remained elevated Monday as market uncertainties persisted about Europe’s [...]
China Bank Regulator Setting New Capital Rules For 2012
BEIJING -(Source: Dow Jones)- China’s banking regulator Monday said the country’s commercial banks should implement new capital supervision rules aimed at curbing credit risks from January 1, 2012.
Food Banks Now Feed 1 In 7 Americans
(Source: CNN) – A report out this month showed that the number of people on food stamps has reached an all time high.
Revisiting the Legacy of HAMP in a Great Contraction World
(Source: Seeking Alpha) – It looks like the term “Great Contraction” is taking off to describe the debt overhang problems in the economy. Here’s Kenneth Rogoff with a commentary piece titled The Second Great Contraction:
B of A Settles With HUD, Hosts Modification Seminar
(Source: San Diego Reader By Dave Rice) – Last week Bank of America, one of America’s largest home loan servicers after its acquisition of Countrywide Financial in 2008, entered into a settlement agreement with the federal Department of Housing and [...]
Under New Rules, Loan Modification Won’t Protect You From Foreclosure
(Source: By Donna Gehrke-White Sun Sentinel) – Many South Florida homeowners facing foreclosure may believe getting a preliminary loan modification offer from their lender will save them from losing their home. But, in fact, new rules approved by Fannie Mae [...]
Time to Refinance? How Low Can Mortgage Rates Go?
(Source: Reuters) – Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.
Is Mortgage Payment Help Taxable?
(Source: Fox Business By George Saenz) – Dear Tax Talk, I am receiving money from my mortgage lender as part of a job loss mortgage protection insurance program. Are these payments taxable and if so, how would I report them?
Brian Moynihan’s Credibility Crunch at Bank of America
(Source: Bloomberg Businessweek By Hugh Son) – Bank of America (BAC) Chief Executive Officer Brian Moynihan may wish he had stuck to his November vow to fend off mortgage-refund demands with “hand-to-hand combat.” Since January, he has forged a series [...]
Investors Prefer Mortgage Backing
(Source: The Wall Street Journal BY AL YOON) – U.S. mortgage-backed securities have rocketed ahead of other fixed-income assets this month as the Federal Reserve’s two-year pledge of low interest rates leads portfolio managers to lift their expectations of how [...]
Trafford Realty Firm Owner Sean Kerrigan Indicted
(Source: By Torsten Ove, Pittsburgh Post-Gazette) – The owner of a Trafford real estate company has been indicted on charges of structuring bank withdrawals with a fugitive who disappeared in 2008.
Dear Treasury, Investors Can Fix the Housing Market
(Source: The Atlantic) – Dear Treasury Secretary Geithner, First, kudos on your decision to stay on for the rest of your boss’s term. I know Goldman is aching to get you on board, but you’ll have plenty of time to [...]
Why the Fed Announcement Won’t Boost the Housing Market
(Source: Moneyland By Alison Rogers) – The Federal Reserve’s announcement this week that it would keep a key interest rate near zero seemed designed to be a chill pill — a way to calm jittery stock market investors by showing [...]
Chinese Pump $1 Billion Into NY Real Estate
(Source: NewsMax By Andra Varin) – As the song says, if you can make it there, you can make it anywhere. And that’s why Chinese investors are flocking to New York.
The Stress of Carrying Cash
(Source: Bloomberg Businessweek By Roben Farzad) – Can too much cash possibly be a bad thing? Right now the answer is yes. In the U.S., individuals, banks, and the Federal Reserve find themselves locked in a vicious cycle of retrenchment. [...]
Real Economy Impact of Financial Turmoil for China
(Source: The Wall Street Journal BY TOM ORLIK) – China’s banks are hungry for capital. But market turmoil means they may have to stay hungry—and that has implications for China’s growth.
The EuroCrisis … In One Chart
(Source: The Wall Street Journal By Matt Phillips) – On this side of the pond, we usually pay as little to attention to Europe as possible.
Bank Chiefs Seek to Reassure Investors
(Source: By Nathaniel Popper and E. Scott Reckard, Los Angeles Times) – Reporting from New York and Los Angeles— Wall Street retreated back into panic mode amid growing worries about the economy, prompting leaders of major U.S. banks to take [...]
U.S. Banks Are Spared Stresses of 2008 Amid Market Rout
(Source: Bloomberg By Michael J. Moore and Donal Griffin) – The largest U.S. banks, down 19 percent this month, aren’t seeing the same retreat by counterparties and clients that helped drive some firms to the brink of collapse in 2008.
Global Banks Can Fall Further
(Source: Forbes Tom Aspray) – Even after sharp recent declines, the chart patterns show that four of the most prominent global bank stocks still have more downside potential.
Scary Article About Funding Problems At European Banks
(Source: Business Insider Simone Foxman) – Credit is drying up for mid-tier European banks because lenders are seeing a liquidity crisis on the horizon, according to International Financing Review.
Worrying About Big Banks’ Afterlives; GOP Intransigence on Taxes
(Source: Bloomberg BusinessWeek) – Bank of America (BAC) and Citigroup (C) stood out for all the wrong reasons in the Aug. 8 market decline. Shares of the two banks—both are among the roughly 40 U.S. institutions considered too big to [...]
Fed Said to Draft Rules for Biggest U.S. Banks Following Basel Standards
(Source: Bloomberg By Craig Torres and Cheyenne Hopkins) – Federal Reserve officials are drawing up rules for the largest U.S. banks that won’t be more stringent than global capital standards agreed to in Basel, Switzerland, according to a person familiar [...]
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