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Fight Your Mortgage Servicer With This Knock Out Punch

The facts are that the mortgage servicing arena is fraught with what I call “mortgage disservice.” Fee gouging and borrower abuse seem to be the typical MO’s of many servicing companies and with our current mortgage and housing crisis in full , this is a perfect opportunity for servicing companies to rake in massive fees [...]

Popularity: 6% [?]

Is your lender charging you for questionable fees? Fight back against predatory fees!

By Moe Bedard
“Mr. Jones, you owe $12,327 to stop foreclosure on your home and bring your mortgage current.” The lender’s collections employee says to Mr. Homeowner Jones that is desperately trying to save his home of 27 years.
Mr. Jones does not question these fees. Hell, he’s the one that is late and in foreclosure. He’s the [...]

Popularity: 26% [?]

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

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 [...]

Popularity: 10% [?]

The FHA Secure Flop and The No Hope Now Plan = 2 Strikes for the Bush Administration

First we had the FHA Secure that was rolled out by FHA and the Bush administration back in August. It was reported that the new refinancing program would assist 80,000 borrowers in the next couple of years.
On December 4th, HUD announced in a press release on their website claiming to have refinanced over 40,000 borrowers with [...]

Popularity: 11% [?]

FHA Secure Flop. Only 266 Borrowers Have Been Assisted!

By Moe Bedard and Aaron Krowne

It has been 4 months since President Bush announced a new refinancing program called the FHA Secure. This new refinancing product was touted as a foreclosure prevention device and viable alternative to homeowners stuck in adjustable rate mortgages as a way “out” of their toxic loan and into a 30 [...]

Popularity: 22% [?]

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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