Moe Bedard

About Moe Bedard

Moe Bedard is a leading expert and trusted authority in regards to loan workouts and loan modifications. Moe is the founder LoanSafe.org and LoanWorkout.org. He has blogged on this subject more than any other person on earth.

Wells Fargo to Help Atlanta Customers Facing Mortgage Payment Challenges

ATLANTA, Sep 06, 2011 (Source: MarketWatch) — Wells Fargo & Company WFC -2.85% announced today it is hosting a free Home Preservation Workshop in Atlanta for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity [...]


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Teenager Builds Tiny House, Avoids a Mortgage

(Source: tucsoncitizen by Kate Kaemerle) – This teenager built his own tiny home in his parent’s backyard. It’s 130 square feet, has a sleeping loft, an electrical hookup and he’s planning his kitchen. He plans to live in it when [...]


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Banks Said to Balk at ‘Robo-Signing’ Offer

NEW YORK, Sept. 6 (Source: UPI) – U.S. banks are balking at an offer by state officials to limit their blame for alleged improper mortgage practices in return for a multibillion-dollar payment.


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Mortgage Suits Inflict Super-Damages on Banks

LONDON, Sept 6 (Source: Reuters Breakingviews) – Just when investors in European and U.S. banks thought things couldn’t get worse, 17 financial institutions have been sued over $196 billion-worth of toxic mortgage bonds. Bank shares fell up to 12 percent [...]


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Swiss Real Estate Will Become The New Gold

(Source: ftalphaville Posted by Izabella Kaminska) – Here’s an interesting view on the consequences of the SNB’s move from Societe Generale’s Sebastian Galy.


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The Never-Ending Real Estate Woes Of Bravo’s Real Housewives

(Source: Business Insider) – Drama and backstabbing! Shopping sprees! Lavish events and parties! Cat fights!


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State AG Eric Schneiderman Shouldn’t Have Used Negotiations with Banks as Fund-Raising Tools

(Source: New York Daily News) – Given the extraordinary prosecutorial power he wields, state Attorney General Eric Schneiderman has a special duty to avoid any hint that his actions are guided by political considerations.


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Are Bankers Competent to be Running Banks?

(Source: Forbes Tom Groenfeldt) – Not especially, according to an IBM report which surveyed more than 2,000 financial executives.


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Odds of a Second Credit Crash Rising

Fact 1 (Source: The Globe and Mail) – The European debt crisis has taken a turn for the worse:


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Is the Euro Doomed?

NEW YORK (Source: CNNMoney By Ben Rooney) — After a summer fraught with uncertainty, investors in Europe returned this week from holiday to find the eurozone sovereign debt crisis may actually be getting worse.


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Marc Faber Sees No Bubble in Gold as Central Banks Print Money

Sept. 6 (Source: Bloomberg) — Gold’s rally above $1,900 an ounce shows no signs of a “bubble” as central banks continue to boost money supply that has helped spur bullion to a record, according to investor Marc Faber.


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Are New Rules on Health Care and Banks Killing Jobs?

WASHINGTON (Source: CNNMoney) – To many Republicans and business leaders, there’s little doubt: The health care law and sweeping new Wall Street regulation — two of President Obama’s signature legislative victories — are causing uncertainty and killing jobs.


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Bank of America Settlement Should Be Voided, Nevada Says

(Source: Bloomberg By Sophia Pearson) – Nevada asked a U.S. judge to terminate a settlement with Bank of America Corp. (BAC) over home-loan modifications tied to its Countrywide mortgage unit, saying the company hasn’t complied with terms of the accord.


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BofA to Sell or Close Another Mortgage ARM, Putting Jobs at Risk

(Source: LA Times) – Bank of America Corp. has put another giant piece of the Countrywide mortgage empire on the auction block — the correspondent lending arm, which buys closed home loans from mortgage bankers, commercial banks and other loan [...]


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Nevada AG Renews Mortgage Fraud Battle

(Source: Bloomberg Businessweek) – Nevada’s attorney general wants a federal judge in a big mortgage fraud case to set aside an earlier consent judgment so the state can sue Countrywide Financial Corp. and Bank of America for consumer fraud.


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Appraisers Say New Rules Will Cause Confusion

(Source: The Boston Globe By Jenifer B. McKim) – New guidelines aimed at standardizing the way home appraisals are conducted will result in confusion, delays, and higher costs in an already vulnerable housing market, according to many home-appraisal professionals.


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Convicted Sex Offender Fights to Keep Real Estate License

(Source: By Andrea F. Siegel, The Baltimore Sun) – A longtime real estate agent who is a convicted sex offender is fighting the decision to revoke his professional license, arguing that his crimes were unrelated to his work as a [...]


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Real Estate Woes of “Real Housewives”

(Source: CBS News) – Drama and backstabbing! Shopping sprees! Lavish events and parties! Cat fights! But, on a more serious note, there has also been a rash of headlines involving bankruptcy, foreclosures and short sales.


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Credit and Debit Card Perks on the Chopping Block

(Source: USA Today By Ed Perkins) – If you regularly use your debit (ATM) card to make purchases, or if your card earns airline miles or other rewards, get ready for fewer benefits and more fees. New regulations cap the [...]


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Banks Waive Fees For Hurricane Irene Victims

(Source: Time MoneyLand By Martha C. White) – Americans along the East Coast, especially in the Northeast, are still grappling with the aftereffects of Hurricane Irene. Many have no power and a smaller number have been displaced from their homes [...]


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3 Questions on Financial Stability

(Source: The New York Times By SIMON JOHNSON) – The Dodd-Frank financial legislation of 2010 created a Financial Stability Oversight Council, tasked with taking an integrated view of risks in and around the financial sector in the United States. Known [...]


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Pawnshops Over Bank Of America

(Source: Seeking Alpha) – The troubles at the banks like Citigroup (C) and Bank of America (BAC) are no secret. Their performance over the last 1, 3, 5, and 10 years has been miserable. You will not find very many [...]


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Banks, State Reach a Deal

(Source: The Wall Street Journal BY LIZ RAPPAPORT) – The mortgage industry will take a step toward cleaning up some of its most controversial practices under a deal between a New York regulator and three financial firms, including Goldman Sachs [...]


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Bank of New York Mellon Chief Resigns in a Shake-Up

(Source: New York Times By SUSANNE CRAIG) – Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, stepped down late Wednesday because of “differences in approaches to managing the company,” the bank said.


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Mortgage Modification Scam via Freedom Companies Lending aka Freedom Financial Mortgage

(Source: BBB) – Boise, Idaho . . . Gavin Gee, director of the Idaho Department of Finance, today warned that a company calling itself Freedom Companies Marketing, Inc., Freedom Companies, Inc., Freedom Companies Lending, and Freedom Financial Mortgage (Freedom) has [...]


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Real Estate Agent Charged in Scheme

SEAL BEACH (Source: Press Telagram By Tracy Manzer)  — A Seal Beach real estate agent has been charged with 34 felony counts in connection with a scheme that saw victims buy into a fake investment pool to the tune of [...]


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Two Arrested in Real Estate Fraud Case

(Source: The Press Enterprise BY LESLIE BERKMAN) – Two men have been arrested by the San Bernardino County district attorney’s real estate fraud unit and charged with forgery and recording fake documents in an alleged scheme to defraud homeowners trying [...]


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In 50-State Foreclosure Negotiations, Dispute Underlines Basic Questions

(Source: The Washington Post By Brady Dennis) – A recent and acrimonious dispute among state officials over a possible legal settlement to address nationwide mortgage abuses is underscoring basic questions about what the effort should accomplish.


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5 Tips for Refinancing a Mortgage Today

BOSTON (Source: MainStreet By Jerold Leslie) – Fears of a “double-dip” recession and the possibility of a widening European debt crisis have lowered U.S. mortgage rates to levels not seen in more than half a century.


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Subprime Mortgage Bonds Get AAA Rating From S&P Denied to U.S.

Aug. 31 (Source: Bloomberg Businessweek By Zeke Faux and Jody Shenn) – Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since [...]


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