Posts tagged as:

FHA

Can the Federal Government really provide HOPE FOR HOMEOWNERS?

by Nathan Fransen Esq.

By Nathan Fransen Esq.
Early on in the foreclosure fiasco we are now knee deep in, the Federal government announced a program that was billed as a proactive measure that would provide needed relief to some 400,000 homeowners. The program basically propped up the Federal Housing Authority by insuring loans that otherwise were not insured or [...]

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Foreclosure Scams Proliferate: New Standards Near?

by Moe Bedard

By Moe Bedard
Yet another Attorney General has gone public about foreclosure consultants in his state. Missouri Attorney General Chris Koster is fed up with scams perpetrated by foreclosure consultants and mortgage brokers in his state. Koster seems enraged, suing firms from California to Ohio for misleading lending practices and misleading foreclosure relief services. In [...]

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House Passes Comprehensive Housing Package

by Moe Bedard

Washington, DC – The U.S. House of Representatives today passed the most comprehensive response yet to the American mortgage crisis.  The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) responds directly to the current crisis facing middle class Americans while providing the tools to prevent a repeat of these problems.  The legislation combines a [...]

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FHA to Handle Foreclosure Crisis

by Moe Bedard

It looks like the brunt of the foreclosure problems in our country will rest on the shoulder of the Federal Housing Administration - FHA.
All the key players in the housing and mortgage crisis plus the democratic presidential candidates have all agreed that there will be no new agency created to deal with the national foreclosure crisis.
House financial [...]

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Mortgage brokers are still committing fraud & submitting bad loans = Business as usual

by Moe Bedard

By Poppy (30 year mortgage industry veteran/senior underwriter) 
It has been a long, difficult and contentious day….between the Brokers, AE’s and Processors, none of whom appear to know that there are two “g’s” let alone a “t” in mortgage.  It leaves one not sure whether to be so angry as to find them all and pound some [...]

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We are looking for Countrywide borrowers that are in unaffordable and predatory loans

by Moe Bedard

We are looking for Coutrywide borrowers that are stuck in a mortgage that is unaffordable or predatory. We want to help you fight back against Countrwyide Home Retention Department and make them fix your mortgage with a loan modification.

If you are having no luck in obtaining help from Countrywide, the we want to hear from you. We want to [...]

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The FHA Secure Bait and Switch – FHA Clearly Violates Truth in Advertising Laws

by Moe Bedard

By Moe Bedard 
“Thousands Have Switched to FHASecure to Keep Their Homes - Why Not You?” – FHA Website
“only 266 such borrowers have cleared all FHA hurdles, according to data compiled by the Department of Housing and Urban Development that was provided to Reuters” – Reuters
“In only the first 4 months of FHASecure, more than 40,000 households [...]

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Countrywide Home Retention Department – My 16 week loan workout with Countrywide

by Moe Bedard

This is a post in my forum at LoanSafe.org from a struggling homeowner. I thought I would showcase these every now and then on my blog so people can see the troubles that homeowners face when they reach out to the Countrywide Home Retention Department for help.
Submitted by Andrea;
This is my first post on this forum [...]

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