Mortgage Warrior

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Foreclosure help seminar at Alpharetta High School June 11

Posted by Michele Newsom on Friday, June 3, 2011,
Fulton County Schedules Foreclosure Prevention Fair | Print |
foreclosure_prevention

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 ...

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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 CenterRegistration 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/

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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 ...


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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...


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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 ...


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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...
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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
Jump to: navigation, search

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...


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CBS article The Bottom Line: Gov't. Loan Modification Programs

Posted by Michele Newsom on Thursday, March 3, 2011,

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...


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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...
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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 ...


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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/

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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, ...


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