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14 Aug 2014, 8:34 am by Scott Grabel
The defendants were alleged to have used fraudulent information for the purpose of obtaining mortgage loans from banks and lending institutions beginning in January of 2006, and continuing until December of 2008. [read post]
20 Aug 2011, 6:58 pm
People's homes have been taken away even though banks are using mortgage servicing companies and processing companies that have falsely filed documents that weren't signed by the people who were supposed to review them for accuracy. [read post]
24 Mar 2011, 2:16 pm
After foreclosure, the second mortgage lender can use all legal means to collect the debt including a lawsuit, seizure of bank accounts and garnishment of wages. [read post]
1 Aug 2023, 5:45 am
A reverse mortgage can be useful for retirees with substantial equity tied up in their homes but limited income and savings. [read post]
1 Mar 2010, 1:59 am by staff@mortgagefraudblog.com
Eric Koppelman, 49, Hauppauge, New York, and Irshad Ramzan, a/k/a "Tony", 36, Baldwin, New York, have pled guilty to a scheme to steal over $6 million in money obtained from banks through home mortgage loans for the purchase of residential properties, which funds were supposed to be used to pay off existing mortgages on the properties. [read post]
5 Nov 2014, 9:20 am by Pulgini & Norton, LLP
Fannie Mae and Freddie Mac are not themselves mortgage lenders but are potential purchasers of loans from banks, credit unions, and other financial institutions. [read post]
9 Feb 2012, 2:06 pm by Ryan Blay
Today a national mortgage settlement was announced with five of the country’s biggest servicers: Ally (GMAC), Bank of America, Citi, Chase and Wells Fargo. [read post]
4 Apr 2011, 2:39 pm by Tomassi Law Associates
Tomassi Law Associates, LLC www.attorney-ri.com 1-888-RI-LAWLINECompare Mortgage Interest Rates Today VA, Conventional and FHA Home Loans Remain Around 4.75% in April 2011 Posted on | April 1, 2011 | Comments Off As the 10 year treasury rate yield remains very close to its 50 day moving average becomes very little surprised to see many American homeowners looking to compare mortgage interest rates today. [read post]
9 Feb 2010, 7:56 pm by John Watts & M. Stan Herring
CNN Money.com has posted an article about how you might still be pursued by mortgage lenders even after your home has been foreclosed. [read post]
23 Jun 2023, 8:54 am by Mary Anne Peck
(REUTERS) Multiple States Eye Protections for Home Buyers Who Use Alternative Financing Methods With traditional mortgages becoming out of reach for an increasing number of American homebuyers, lawmakers in at least four states have introduced bills this year addressing consumer protections for alternative home financing arrangements such as rent-to-own agreements, land installment contracts and personal property loans, according to the National Conference of… [read post]
23 Jun 2023, 5:54 am by Mary Anne Peck
(REUTERS) Multiple States Eye Protections for Home Buyers Who Use Alternative Financing Methods With traditional mortgages becoming out of reach for an increasing number of American homebuyers, lawmakers in at least four states have introduced bills this year addressing consumer protections for alternative home financing arrangements such as rent-to-own agreements, land installment contracts and personal property loans, according to the National Conference of… [read post]
3 Mar 2009, 7:35 am
In January 2009, the New Jersey state government and courts implemented a foreclosure mediation program to help both homeowners and banks resolve outstanding balances on home mortgages. [read post]
18 Jul 2010, 9:59 am
The Investor group points out that these banks owned many of the mortgage lenders and in some cases the banks had their employees at the loan facilities. [read post]