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- Ashley on Octomom Flakes on Mortgage Payments Yet Again
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- Sherrie Lyons-Bray on Parsa Law Group – Targeted by California Attorney General
- anonymous on One West Bank billionaires under the spotlight
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- Jim Demetz on Does NACA lie to homeowners and the media? YES!
- HOMEOWNERS RIGHTS ON FORECLOSURES on Homeowner rights while in foreclosure
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- K Hall on Citi Mortgage Loan Modification for This Grateful Homeowner
- LR Wilbanks on Woman sues CitiMortgage for illegal debt collection
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- A year later after my Strategic Default - some eye-opening surprises..Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Hanover Post Time: 05-16-2012 at 11:01 AM […]
- B of A Survey? Anyone else get one?Forum: Bank of America Home Loans Posted By: skoobywrx Post Time: 05-16-2012 at 10:01 AM […]
- Bank of America is a joke!!!!Forum: Bank of America Home Loans Posted By: mayela Post Time: 05-16-2012 at 09:59 AM […]
- On Chase Repayment Plan - Filed Chapter 7 - help please!Forum: Chase Mortgage - Tell Us Your Chase Story Posted By: chased in seattle Post Time: 05-16-2012 at 07:28 AM […]
- Will A Line of Credit Foreclose??Forum: US Bank Home Mortgage Posted By: tazzaro Post Time: 05-16-2012 at 12:35 AM […]
- Need advice and directionForum: Wells Fargo Home Mortgage Posted By: menmn Post Time: 05-15-2012 at 09:49 PM […]
- Are we just out of 8 months worth of payments.. they suddenly stopped accepting payments.Forum: Bank of America Home Loans Posted By: FrustratedInSoCali Post Time: 05-15-2012 at 09:35 PM […]
- Done with Citi - Loan Mod process a jokeForum: Citi Mortgage Posted By: done with citi Post Time: 05-15-2012 at 09:01 PM […]
- need advice regarding my fannie mae mod please!Forum: Loan Modification Posted By: trixi Post Time: 05-15-2012 at 08:44 PM […]
- foreclosure refForum: US Bank Home Mortgage Posted By: squiz Post Time: 05-15-2012 at 08:10 PM […]
Mortgage News
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, [...]
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 [...]
Cheap Mortgages, America’s Hidden Entitlement
(Source: The Atlantic) – Amid all the clamor about entitlement reform during the struggle to raise the debt ceiling, one enormous cost – and potential source of future saving – largely escaped scrutiny: the billions of dollars the United States [...]
Man Charged With ‘Using’ Treasury Secretary’s Account to Pay Off Mortgage
(Source: Fox News By Mike Levine) – As the nation’s financial system collapsed and millions of Americans struggled to pay off their home mortgages in 2009, a Maryland man now under investigation allegedly wiped away his $353,000 mortgage debt by [...]
Knights of Columbus Add New Claims To BNY Mellon Mortgage Suit
NEW YORK (Source: The Wall Street Journal)–The Knights of Columbus, an organization tied to the Catholic Church, on Tuesday raised the stakes in its fight against Bank of New York Mellon Corp. (BK) for failures to carry out duties as [...]
Fannie Mae: Helping or Hurting Homeowners?
(Source: MoneyWatch By Ilyce Glink) – Another instance of tax payer bailout dollars backfiring against the citizens of Main Street?
BofA Gets Boost as Countrywide Cases are Combined
NEW YORK (Source: Reuters) – Bank of America Corp <BAC.N> won what could prove a legal victory as eight mortgage securities lawsuits against its Countrywide unit were combined into a single case before a federal judge who has ruled favorably [...]
Goldman Sachs Sued by Allstate Over $100 Million in Mortgage Securities
(Source: Bloomberg By Karen Freifeld) – Goldman Sachs Group Inc. (GS) was sued by Allstate Insurance Co. over the sale of more than $100 million worth of residential mortgage-backed securities that the insurer claims the bank itself called “junk” and [...]
Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal
(Source: Bloomberg By David McLaughlin) – A possible settlement of a 50-state probe of foreclosure practices drew more state scrutiny as Nevada’s attorney general joined three other states in voicing concern about a deal that protects banks from continuing mortgage [...]
4 Banks Cleared to Start Foreclosing Again
(Source: North Jersey.com BY KATHLEEN LYNN) – Four major mortgage lenders were cleared Monday to start filing foreclosure cases in New Jersey again, almost eight months after the state’s chief justice halted most foreclosures following reports of legal irregularities.
Thousands of Florida Mortgage Brokers Flee Industry
(Source: WCTV) – During the Florida real estate boom of the mid-2000s, one of the most lucrative ways to make a living — or commit fraud — was to be a mortgage broker.
Small Banks Say New Mortgage Regulations Too Onerous
NORWALK, Iowa (Source: By Adam Belz, USA TODAy) — Alesia Harlan plopped the thick folder on the desk and started flipping through papers.
Treasury Rush Spurs Refinancing, New Loans Soften
(Source: Seeking Alpha By David Urani) – Mortgage applications were up by 21.7% last week from the previous week, according to the Mortgage Bankers Association. We see some pretty big swings in this data at times, but this is a [...]
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 [...]
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 [...]
Don’t be Fooled by These Five Mortgage Scams
(Source: Fox Business By Polyana da Costa) – The sagging economy and sluggish housing market create the perfect environment for mortgage scams, with desperate homeowners as easy prey for scammers.
State Reaches $125M Settlement with Mortgage Company
(Source: Boston Herald By Donna Goodison) – Some 5,500 Massachusetts homeowners will be eligible for loan modification relief as part of a $125 million settlement announced today that resolves allegations of unfair and discriminatory subprime lending practices by the mortgage [...]
Barofsky Says Banks May Face More Mortgage Litigation
Aug. 10 (Bloomberg) — Neil Barofsky, former special inspector general for the Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about possible lawsuits facing Goldman Sachs Group Inc. and other U.S. banks over sales of mortgage-backed securities.
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