Posts tagged as:

Real Estate and Settlement Procedures Act

Mortgage Servicers Requesting Illegal Kickbacks on Short Sales

by Moe Bedard

But here’s what’s not legal and what’s apparently happening quite often recently. Since many second lien holders are getting very little, they are now allegedly requesting money on the side from either real estate agents or the buyers in the short sale. When I say “on the side,” I mean in cash, off the HUD [...]

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Predatory Lending Begets Predatory Lending – Only in America

by Moe Bedard

Can’t afford your home or your loan? Heck, just put in on your charge card and forget about it.

Well, at least until your credit card bill comes due next month and now Guido wants his money. One more month with your head above the toxic water and a temporary plug in your foreclosure boat for a few more [...]

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How we got into this mortgage mess

by Moe Bedard

By Paul Kiesel

Over the last 15 years, there have been five “avoidable events” stemming from Wall Street’s or Congress’ actions (or inaction), that led directly to the mortgage crisis.

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