Posts tagged as:

Government

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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Who’s Responsible for the Cramdown Bill’s Demise?

by Moe Bedard

By Moe Bedard
Every American that has an interest in our government’s responses to Main Street’s economic problems should pay serious attention to those that are killing the cramdown bill. To me, at least, I take the imminent death of this bill as proof positive that our representatives have sold us down the river. With increasing [...]

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Homeowners Says, ” Insiders in the government are on the take for favors to the mega-banks!”

by Moe Bedard

This is an actual comment left on my blog yesterday.
I am having a fascinating experience suing the major banks for:
1) racketeering in the creation and servicing of my mortgage;
2) decreasing my property value
3) diminishing my income
I took on my own industry in the 1960’s for the practice of REDLINING, and have done it again for [...]

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Wall Street Stranglehold on the Senate

by Moe Bedard

By Moe Bedard
Goodbye cramdown bill, hello reality! It seems like the cramdown bill might get shot down soon. The most depressing aspect of this isn’t that the cramdown bill will potentially be shot down, or at best, passed with multiple restrictions protecting Wall Street, but that our representatives are all but laying down to the [...]

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Loan Modifications a Bad Deal for Main Street?

by Moe Bedard

By Moe Bedard
Today’s New York Times ran an article about the downsides of the incentivized loan modification plans citing potential contractual violations between lenders, servicers and the investors that expect returns on their investments. With the government paying $1000.00 or more to banks that play ball, that is, provide loan modifications per government guidelines, I’m [...]

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FORECLOSURE CONSULTANT ACT GETS TOUGHER!

by Moe Bedard

By Nathan Fransen, Esq.
The Foreclosure Consultant Act (California Civil Code Section 2945 et. al.) is being amended effective July 1, 2009 and the changes will affect many people now in the loan modification industry.  First, lets define what a “foreclosure consultant” is:
California Civil Code Section 2945.1  
(a) “Foreclosure consultant” means any person who makes any solicitation, [...]

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In Exchange for Playing Ball B of A to Get $2.66 Billion

by Moe Bedard

By Moe Bedard
Of course we all already know that Bank of America, Wells Fargo, Citi and other lending giants have received trillions in bailout aid and now, because they’re willing to modify loans based on Federal guidelines they’ll get another nice chunk of change…$2.66 Billion according to the Treasury.
Perhaps this should be another “I’m [...]

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