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- turntim on Bank Of America Defends Loan Modification Program
- 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
- Denice Thomas on Hardship Letter
- BA on $100 Million Lawsuit Filed Against Bank Of America
- 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
- James on Not getting help from Bank of America? Here is a special email form to get help today!
- Bill Jenkins on Chris Fox & Curt Melone: Ex-Associates and Family Speak Out
- wilson mahmood on Loan modification mishap involving Bank of America
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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
U.S. Money Funds Shun Italian, Spanish Banks
(Source: Bloomberg By Radi Khasawneh) – The six largest U.S. money market funds have eliminated their lending to Italian and Spanish banks, reduced investments in French banks and are favoring Swiss securities for their $511 billion of assets.
BofA to Meet with Distressed San Diego Clients
(Source: Sign on San Diego by Lily Leung) – Bank of America officials are promising face-to-face time this week to San Diego homeowners who are behind on their mortgage payments.
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 [...]
Servicers Offer Loan Mod Help Center Faster Loan Modification Decisions
(Source: LoanSafe.org By Michael Nazarini) – Working in conjunction with loan modification and disposition analysis software custom created for RESTReportMatters.com, LoanModHelpCenter.com has begun processing loan modifications and short sales with servicers to achieve faster and more efficient answers to loan [...]
Bank of America CEO Says He Regrets Countrywide
NEW YORK/CHARLOTTE (Source: Reuters Ben Berkowitz and Joe Rauch) – Bank of America Corp Chief Executive Brian Moynihan said on Wednesday he often regrets the bank’s 2008 purchase of mortgage lender Countrywide, but the loan losses from that deal will [...]
Key US Dollar Libor At 4-Month High On Euro Bank Concerns
LONDON (Source: Wall Street Journal)–The cost of borrowing dollars for three-months in the London interbank market rose to a four-month high Thursday, while another barometer of dollar demand hit its most extreme levels since late 2008 on renewed concerns over [...]
Homeowners Race to Refinance as Mortgage Rates Plunge
(Source: Seattle Times By Drew DeSilver) – Plunging interest rates, a consequence of the turmoil in the stock market, are proving to be a boon for mortgage refinancers. But so far, those low rates aren’t doing much to reignite the [...]
DFI Warns Against Possible Loan Modification Scam by Summit Alliance Group LLC
(Source: The News Tribune Posted By C.R. Roberts) – The state Department of Financial Institutions is announcing that it has received complaints from consumers relating to loan modification services that were to be – but were not – provided by [...]
Taskforce to Investigate Real Estate Scam
(Source: ABC News) – Government agencies in Western Australia have launched a taskforce to investigate a reported real estate scam – the second of its kind in a year.
Perth Scam Targets Absent Property Owners
(Source: SMH) – A Perth couple who returned home to find their property had been sold without their knowledge or permission might not be the only victims of a real estate scam targeting absent owners.
Washington Short-Sale Brokers will Fight License Revocation
(Source: In Man News) – A husband-and-wife broker team who specialize in short sales and bank-owned properties can continue to operate their business while they appeal a 10-year suspension of their licenses by Washington regulators.
Does a Short Sale in the Condo Complex Lower all Prices There?
(Source: The Boston Globe by Rona Fischman) – Mike wrote to me with a question that is on the mind of anyone who owns a condo in a building where there is a short sale or foreclosure.
Is a Short Sale Worth the Knock on my Credit?
(Source: By GARY M. SINGER Sun Sentinel) – Question: My townhome has lost about 25 percent of its value. I’m barely managing the payments. Similar homes in my complex are renting at less than half of what I am paying [...]
Getting Home Appraisal, Sale Price to Match is Getting Harder
(Source: By ALAN J. HEAVENS The Philadelphia Inquirer) – Financing a home purchase has become extremely difficult since the housing boom turned to bust. Getting an appraisal to match the price for which one’s lender has preapproved a mortgage can [...]
Florida Real Estate Markets Slip Amid Economic Worries, Political Infighting
GAINESVILLE, Fla. (Source: University of Florida News) — Economic worries and continued acrimony among lawmakers have claimed yet another casualty: The outlook for real estate markets in Florida declined slightly through the second quarter of 2011, according to a new [...]
As Investors, Chinese Turn to New York
(Source: New York Times By KIRK SEMPLE) – Chinese banks have poured more than $1 billion into real estate loans in New York City in the past year. Investors from China are snapping up luxury apartments and planning to spend [...]
U.S. Looks Outside the Box to Stem Housing Glut
(Source: By Jim Puzzanghera and Alejandro Lazo, Los Angeles Times) – Reporting from Washington and Los Angeles— With the real estate market continuing to drag down the economy, federal officials are seeking ideas from investors and others about ways to [...]
Is the Turmoil in D.C. Hobbling Its Housing Market?
(Source: Wall Street Journal By Robbie Whelan) – More signs of cracks are showing in the Washington, D.C. market, which has held up in the last year as the nation’s strongest, according to a report released Wednesday.
How to Protect Your Credit During Divorce
(Source: Fox Business) – Confucius say: Beware scorned spouse with shared credit.
Student Loans: A Crisis in Waiting?
NEW YORK (Source: MainStreet By Seth Fiegerman) — The country may still be grappling with the aftermath of the housing bubble’s burst, but one recent report suggests a different bubble may be looming on the horizon: student loans.
House Financial Services Subcommittee to Explore Bank Failures in Georgia Next Week
(Source: The Hill By Pete Kasperowicz) – A subcommittee of the House Financial Services Committee will meet next Tuesday in Newnan, Ga., to hold a field hearing on whether federal guidance on bank lending from Washington is hurting efforts of [...]
Citi Says It Hasn’t Cut Credit Lines to French Banks
(Source: The Wall Street Journal By Amy Or) – Amid a report that Asian banks are reviewing trading and counterparty risks to French banks, Citigroup says it “has not cut credit lines to French banks.”
Buy Bank of America, Buy a Lawsuit
(Source: Seeking Alpha) – I normally go with the flow, but when it comes to the money center banks like Bank of America (BAC), I’m going to take a very contrarian view. Money center banks are wildly popular with both [...]
Fed Said to Track Basel Capital Rules for Biggest U.S. Banks
(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 [...]
BofA in Talks to Sell Big China Bank Stake
HONG KONG/DUBAI, Aug 10 (Source: Reuters By Denny Thomas and Dinesh Nair) – Bank of America Corp (BAC.N) has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction [...]
Societe Generale Seen to Be Targeted by Investors Over Short-Term Funding
(Source: Bloomberg By Howard Mustoe and Gavin Finch) – Societe Generale (GLE) SA, which yesterday plunged 15 percent, is among banks being targeted by investors because of its perceived dependence on short-term funding, analysts said.
Beware Loan Mod Fraud
(Source: NBC Bay Area News) – Alameda County District Attorney Nancy O’Malley and other prosecutors around the state warned the public Tuesday to watch out for loan modification frauds that prey on distressed homeowners, including scams that target Latino homeowners.
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