Main Contents

Mortgage Meltdown: More Mortgage Lending Insiders Blow The Whistle On Shady Subprime Loan Practices

March 23, 2009

Dateline NBC ran a story last night in which it:

[G]ets to the bottom of how bad loans and greed wrecked the U.S. economy in this hour-long investigation. Hear from Countrywide insiders and whistleblowers who have never spoken publicly before.

For the [...]

Filed under: Uncategorized | Comments (0)

Foreclosure Offense: Watch Out For Loan Modification Scams Using Forged Documents Simulating The Letterhead Of Lenders, Government Agencies

March 16, 2009

From the Office of the California Attorney General:

California Attorney General Edmund G. Brown Jr. [Thursday] warned that scam artists have “sunk to a new low” and have used the forged letterhead of major lenders to con worried Californians into paying [...]

Filed under: Uncategorized | Comments (0)

Foreclosure Offense: Miami Foreclosure Sale Set Aside As Lender Is Unable To Produce The Proper Paperwork Proving The Right To Enforce The Note

March 16, 2009

In Miami, Florida, The New York Times reports:

[O]n Feb. 11, a circuit court judge in Miami-Dade County in Florida set aside a judgment against Ana L. Fernandez, a borrower whose home had been foreclosed and repurchased on Jan. 21 by [...]

Filed under: Uncategorized | Comments (0)

Foreclosure Halt: Fannie Mae Extends Eviction Suspension Through March 31

March 11, 2009

Fannie Mae announces:

Fannie Mae [Friday] announced it is extending the suspension of all eviction proceedings through March 31, 2009 as the company implements the Home Affordable Refinance and Home Affordable Modification initiatives as part of [...]

Filed under: Uncategorized | Comments (0)

Foreclosure Defense: Freddie Suspends Foreclosures On Mortgages Qualified For Obama Modification Plan; Will Enter Landlord Business; Halts Evictions Thru April 1

March 9, 2009

In McLean, Virginia, Freddie Mac announced this week:
.
March 4 press release:

Freddie Mac [...] announced it is suspending foreclosure sales on mortgages eligible for the Home Affordable Modification Program announced [...] as part of the Obama Administration’s Making Home Affordable [...]

Filed under: Uncategorized | Comments (0)