Posted by Michele Newsom on Monday, July 11, 2011,
If you think you are safe from foreclosure then keep reading... http://finance.yahoo.com/news/Neighbor-vs-neighbor-as-apf-2524543580.html?x=0
Neighbor vs. neighbor as homeowner fights get uglyAs more are unable to pay homeowners' fees, associations pit nei... Continue reading ...
Posted by Michele Newsom on Friday, March 18, 2011,
If you have a second mortgage or are thinking of getting one you may want to read this. http://www.truth-out.org/in-proposed-mortgage-fraud-settlement-a-gift-big-banks68578 In Proposed Mortgage Fraud Settlement, a Gift to Big Banks
Wednesday 16 March 2011 by: Jesse Eisinger | ProPublica | Report
Lurking in a proposed mortgage fraud settlement
with the state attorneys general is a clause that could be worth
billions for the big banks.
Yes, I mean the set... Continue reading ...
Posted by Michele Newsom on Friday, March 4, 2011,
JPMorgan needs $4.5 billion to fight 10,000 legal actions WOW cry me a river.JPMorgan needs $4.5 billion to fight 10,000 legal actions
by KERRI PANCHUK
Tuesday, March 1st, 2011, 8:24 am
JPMorgan Chase (JPM: 45.31 -1.67%)
may need a legal cushion of $4.5 billion in excess of current levels to
handle litigation and regulatory actions against the banking giant, the
firm said in a Securities and Exchange Commission filing.
At Dec. 31, some 10,000 legal actions are pendi...
Posted by Michele Newsom on Thursday, March 3, 2011,
AJC article, this is going on for a few days... NACA is meeting homeowners at America’s Mart, 250 Spring St., from 8
a.m. to 8 p.m. Thursday through Monday. The organization was last in
town in June, when an estimated 15,000 people showed up before noon on
the first day. Bruce Marks, NACA chief executive, said there now are more lenders on
site and many homeowners are getting definite answers before they leave
the event. Interested homeowners can register online at www.naca.com or
call ... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Yes it's a wiki article get over it... Predatory mortgage servicing
From Wikipedia, the free encyclopedia
Predatory mortgage servicing (predatory servicing) is a pejorative term used to describe abusive, unfair, deceptive, or fraudulent mortgage servicing practices of some mortgage servicers
during the mortgage servicing process. There is no legal definition in
the Unit... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Posting this here as it pertains to my dealing with Citi and has some decent info from another persons point of view... My suggestions is to read the whole forum thread as there is a LOT of info there to help... I work in financials as a financial researcher, and was very aware of
the liquidity troubles that Citi was (at the time privately) facing. I
tried to use that as leverage, using a common sense approach, but Donna
was unable to
1) Admit that CitiGroup was facing any type of asset tro... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Wrongful Bank ForeclosureLoan
modification nightmare stories are coming in droves from consumers
across the country who are complaining about the treatment that they are
allegedly receiving from CitiMortgage. Every day, homeowners are
telling our attorneys about their experiences with CitiMortgage and the
processing, or lack of processing in most cases, of their loan
modification applications.
http://www.so... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Posted by Michele Newsom on Thursday, March 3, 2011,
NPR Segment on Mortgage Fraud: Complicity of Lenders
The Great Pool of Money is a terrific and entertaining
commentary on the mortgage crisis. The piece suggests the complicity of
the lending institutions in causing the crisis. As an attorney
representing mortgage fraud defendants, the piece suggests a line of
cross examination: the lending institutions encouraged the practices
that caused the bad loans in an effort to sell more mortgage backed
securities. The hour long segment was ... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Homeowners Are Protected Against Fraudulent and Deceptive Mortgage Companies
By
Michael A. Goldstein
and Charlene Chinn The Massachusetts Consumer Protection Act is a law which allows
consumers to take legal action against unfair or deceptive business
activity. M.G.L c. 93A is the Massachusetts statute which is used in
order to deal with such matters. Violation of the regulation gives the
individual litigant an opportunity to obtain actual dama... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Judge slams mortgage company fraudulent note practiceThis is really big news if you’re involved in the mortgage crisis in
the United States. And even if you’re not in the United States, you
have to understand that the entire world economy crashed.
And part of the reason was excessive loans to people who couldn’t
afford homes throughout the United States and North America. And that
the same philosophy trickled down into what they called secondary
mortgages and financial crisis. htt... Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
Gee, what one finds reading around the web. Here, Karl Denninger posts about an article in the Seattle PI:
"The FBI was aware for years of "pervasive and growing"
fraud in the mortgage industry that eventually contributed to America's
financial meltdown, but did not take definitive action to stop it.
"It is clear that we had good intelligence on the mortgage-fraud
schemes, the corrupt attorneys, the corrupt appraisers, the insider
schemes," said a recently retired, high FBI official. Anot...
Continue reading ...
Posted by Michele Newsom on Thursday, March 3, 2011,
More homeowners at risk of foreclosure will qualify for help under an expanded assistance program.
State housing officials Thursday announced adjustments to the
six-week-old foreclosure prevention program during a statewide
affordable housing forum in Columbia.
Among the changes made in the S.C. Homeownership and Employment Lending Program: http://loanworkout.org/2011/02/more-foreclosure-help-for-homeowners/ Continue reading ...
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BOB CHRISTIE | 12/17/10 07:17 PM |
PHOENIX — Attorneys general in Arizona and Nevada filed civil lawsuits Friday against Bank of America Corp., alleging that the lender is misleading and deceiving homeowners who have tried to ...