Posts tagged as:

attorney general jerry brown

California Attorney General Brown’s Letter to Banks & Loan Servicers

by Moe Bedard

The foreclosure crisis continues to plague California homeowners who are trapped in mortgages with exploding monthly payments. While the economy is beginning to improve, homeowners desperate to save their homes have seen little relief. And analysts predict that foreclosures will continue to worsen, particularly as Pay Option ARMs begin to recast.

Economists estimate that about one [...]

0 comments Read the full article →

CA Attorney General Urged to Seek Injunction Halting Foreclosure on Deceptive Countrywide Mortgages

by Moe Bedard

The California Reinvestment Coalition and the Greenlining Institute today sent an urgent letter to California Attorney General Jerry Brown urging him to take immediate action against Countrywide Financial/Bank of America. The community groups are asking Brown to secure a foreclosure moratorium on mortgages that fit the profile of the deceptive loans and practices cited in [...]

Read the full article →

California Attorney General Jerry Brown Subpoenas Countrywide

by Moe Bedard

California AG Jerry Brown is very interested in investigating loans made to borrowers with yield spread premiums (YSP).
Some people characterize these “hidden” fees as broker “kick-backs” that are essentially built into your mortgage by bumping up the interest rate, and the lender pays the originator of that loan extra money for doing so.

Brokers have [...]

47 comments Read the full article →