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

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 [...]

Popularity: 51% [?]

Judge Says Countrywide Officers Must Face Suit by Shareholders

Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company’s collapse, a federal judge in California has ruled.
Popularity: 3% [?]

Popularity: 3% [?]

New York Tackles Reckless Subprime Lending…Will California Be Next?

Recent headlines have been gloomy: housing prices continue to sink, Wall Street executives knowingly pushed bad subprime investments, and mortgages keep failing in droves.  As Congress debates how to put the economy back on track, the good news is that the states are moving ahead to prevent another subprime crisis in the future and strengthen [...]

Popularity: 3% [?]

HOUSE PASSES BILL INTRODUCED BY CONGRESSWOMAN WATERS TO HELP COMMUNITIES HIT HARDEST BY FORECLOSURE CRISIS

Washington, DC - The U.S. House of Representatives acted today to help communities hit hardest by the housing foreclosure crisis, passing legislation introduced by Congresswoman Maxine Waters (CA-35), the Chairwoman of the Housing and Community Opportunity Subcommittee.
 
By a vote of 239-188, the House passed The Neighborhood Stabilization Act (H.R. 5818), which authorizes a $15 billion [...]

Popularity: 1% [?]

Jane says no skiing and no surfing for Mozilo and the Countrywide gang

Two Countrywide trips go around the outside, around the outside, around the outside. Two Countrywide trips go around the outside, around the outside. Now, dosie doe Mozilo.
Jane Wells CNBC - Countrywide Cancels Second Florida Event

Friday night Countrywide informed me that an employee sales event planned in April at an expensive Florida resort has been cancelled.
I’ve been blogging [...]

Popularity: 4% [?]

The Countrywide Shuffle

Alright staff. I am under investigation by the SEC. Our stocks are down big time. All those toxic loans we made over the last few years are going bad. Our share holders and the media is on my a$$ big time. I know, let’s go skiing!
Another fabulous idea from Angelo Mozilo and the Countrywide camp. What [...]

Popularity: 5% [?]

All Aboard the Countrywide Foreclosure Bus Tour

First Countrywide sold you a toxic loan that caused you to lose your home to foreclosure and devastate you financially and emotionally. Now, they are profiting from your misery by touring your foreclosed home with would be Donald Trumps, AKA foreclosure investors, in the new sick “for profit” service known as “foreclosure bus tours”.
First they had “Flip This House” [...]

Popularity: 22% [?]

It’s Not All Subprime. Pay Option ARM’s - California’s Billion Pound Gorilla

By Moe Bedard and Aaron Krowne

Let’s get something straight. Subprime loans are not the only thing that we need to worry about in this housing and mortgage crisis. It’s the hidden mortgage creatures in the “adjustable rate forest of the unknown” that are watching and waiting as they mature into full grown animals that we [...]

Popularity: 27% [?]

Statement of Center for Responsible Lending in Response to President Bush’s Plan to Address Foreclosure Crisis

From the Center of Responsible Lending December 6, 2007
With 2 million foreclosures predicted over the next two years, the plan announced by President Bush for targeted loan modifications for some subprime borrowers is a positive, but very limited, first step. CRL estimates the President’s plan will only help about 7% of subprime borrowers—about 145,000 families—because of the program’s [...]

Popularity: 1% [?]

Despite Lender Rhetoric, Modifications to Date Have Been Limited

 Paul Leonard, California Office Director for the Center for Responsible Lending in recent testimony said;
Despite Lender Rhetoric, Modifications to Date Have Been Limited
For months now, many large servicers have been trumpeting their efforts to contact borrowers facing resets early and to offer aggressive loan modifications. To date, however, the reality of results has not matched the [...]

Popularity: 1% [?]

Safe Loan Modification Service

888-432-6634

M-F 8am-7pm PST

Open Saturdays 9am-3pm

Law Office of Gregory A. Paiva & Associates

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    • I can relate with this couple. I contacted WaMu in a proactive effort to get assistance during a hardship ...
      disillusionedVeteran | 3Sep08 | More
    • Did they change the terms of your loan to an arm? This is too risky
      catan785 | 13Aug08 | More
    • I am in limbo myself. Countrywide offered me a modification however the interest rate would adjust in five years. ...
      catan785 | 13Aug08 | More