Posted by Michele Newsom on Friday, June 3, 2011,
| Fulton County Schedules Foreclosure Prevention Fair |
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Events scheduled June 11 at Alpharetta High School The
Fulton County Department of Housing and Human Services Office of
Housing and Community Development will host a free Foreclosure
Prevention Fair in June to help Fulton County residents in danger of losing their homes because they can no longer afford their mortgages. | The event will be held on Saturday, June 11, 2011, at Alpharetta High School from 9:00 a.m. until ... | Continue reading ...
Foreclosure Prevention Workshop
Posted by Michele Newsom on Thursday, April 14, 2011,
Foreclosure Prevention Workshop
U.S. Department of Housing and Urban Developments will present a Foreclosure Prevention Workshop for Local, State, and Federal Government Employees. The workshop will take place on Monday, April 25, 2011 at the Sam Nunn Federal Center . Registration is required. Register at www.hud.gov/georgia.
Providing the Pieces for Sustainable Homeownership, Atlanta
Event Date: April 25, 2011
Event Time:
9:30 AM-12:00 PM
Description: While these workshops we... |
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Class action suit against MERSCORPS in GA
Posted by Michele Newsom on Wednesday, March 16, 2011,
http://stopforeclosurefraud.com/2010/10/23/georgia-class-action-rollins-v-mers-merscorp/ Continue reading ...
America is NOT broke...
Posted by Michele Newsom on Monday, March 7, 2011,
Corporate greed...America is not broke.
Contrary to what those in power would like you to
believe so that you'll give up your pension, cut your wages, and settle
for the life your great-grandparents had, America is not broke. Not by a
long shot. The country is awash in wealth and cash. It's just that it's
not in your hands. It has been transferred, in the greatest heist in
history, from the workers and consumers to the banks and the portfolios
of the uber-rich.
Today just 400 Americans ... Continue reading ...
J P Morgan needs more money...
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... Continue reading ...
Hundreds line up in Atlanta for mortgage help...
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 ...
What is RESPA?
Posted by Michele Newsom on Thursday, March 3, 2011,
HUD The Real Estate Settlement Procedures Act (RESPA)
is a consumer protection statute, first passed in 1974. RESPA covers
loans secured with a mortgage placed on a one-to-four family residential
property. These include most purchase loans, assumptions, refinances,
property improvement loans, and equity lines of credit. HUD's Office of
RESPA and Interstate Land Sales is responsible for enforcing RESPA. Loan servicing complaints Section
6 provides borrowers with important consumer p... Continue reading ...
What is predatory lending?
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 ...
CBS article The Bottom Line: Gov't. Loan Modification Programs
Posted by Michele Newsom on Thursday, March 3, 2011,
July 07, 2010 5:01 PM
They're supposed to be helping homeowners, but seem to be hitting roadblocks.
Government programs, introduced by federal lawmakers, to offer loan modifications during the housing crisis.
How it works? The government pays money to the banks, and the banks then lower homeowners' mortgage pay... Continue reading ...
FICO to ignore impact of home loan mod if reported accurately
Posted by Michele Newsom on Thursday, March 3, 2011,
FICO to ignore the impact of a Home Loan Modification- if reported accurately
Link: http://www.nwlmc.com Bill Black - CMP
Sunday, November 1, 2009 “I have perfect credit and I am not
late on my mortgage but I really need to get a lower payment so if I was
offered a federal home loan modification how will this affect my credit
score?” This is currently one of the most asked questions states
Kathleen Jamal, Operations Manager at the NW Loan Modification Center
in Vancouver, Washi... Continue reading ...
NPR segment on mortgage fraud:Complicity of lenders
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 ...
New help for those in South Carolina
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 ...
One man's win, his foreclosure on Wells Fargo
Posted by Michele Newsom on Thursday, March 3, 2011,
A Philadelphia homeowner started foreclosure proceedings on a Wells
Fargo mortgage office after winning a rather strange legal judgement
against the bank. http://www.huffingtonpost.com/2011/02/17/patrick-rodgers-forecloses-on-wells-fargo_n_824765.html According to the Philadelphia Inquirer, Rodgers discovered the Real Estate Settlement Procedures Act,
which requires mortgage companies to acknowledge written requests
within 20 business days or face penalties. He took Wells Fargo to court,
... Continue reading ...
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