Posts tagged as:

mortgages

Two Men Convicted in a Multimillion-Dollar Mortgage Fraud

by Paul Maciel

NEWARK, N.J.—A federal jury in New Jersey has convicted two men in a multimillion-dollar mortgage fraud and property flipping scheme involving homes in Paterson.

Frederick Ugwu of Upper Saddle River and Amer Mir of Jersey City were found guilty Thursday following a six-week trial.
Read more on Mercury News

0 comments Read the full article →

Stop Paying Your Credit Cards!

by Moe Bedard

By: Anthony E. Dietz, Esq.,MBA
“Focus on Making Your Mortgage Payment(s) First and Affordable-Stop Paying your Credit Cards!”
 
In the national best selling book “First Things First,” business management guru, Stephen Covey teaches his readers how important it is to budget their time on the things that matter most.  Homeowners who are in foreclosure or heading towards [...]

4 comments Read the full article →

New Bill Will Let Homeowners Sue Wall Street Over Their Subprime Mortgages

by Moe Bedard

Please watch the MSN Video here

8 comments Read the full article →

Senator Chris Dodd proposes setting up a fund that would buy defaulting subprime mortgages and restructure loans for borrowers

by Moe Bedard

NEW YORK (CNNMoney.com) — A proposal to bail out subprime mortgage borrowers who are at risk of foreclosure was floated at a Senate Banking Committee hearing Thursday.
Senator Chris Dodd, the committee chair, said he is working to create a Home Ownership Preservation Corporation, which would purchase mortgage securities that are backed by at-risk, subprime loans [...]

0 comments Read the full article →