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15 Jun 2011, 12:58 pm by Zoe Tillman
A federal judge in Washington is the latest to dismiss a lawsuit brought by homeowners frustrated with the administration of the federal Home Affordable Modification Program (HAMP). [read post]
19 Jan 2011, 5:30 am
News outlets are reporting that the Federal Deposit Insurance Corporation (FDIC) is considering implementing stricter requirements for those mortgage-servicing companies who also own the second mortgage on the homes they service. [read post]
18 Aug 2008, 12:04 am
Another roundup of article in recent issues of the Times: Friday's Times brought another important installment in "The Debt Trap" series, this one headlined "Home Equity Frenzy Was a Bank Ad Come True," about how banks reframed second mortgages--once seen as a product for those experiencing dire financial problems--as home equity loans. [read post]
13 Sep 2016, 2:06 pm by Lorenzo Cellini
FHA insurance and various other federally funded programs exist to make home ownership more affordable and available to lower income borrowers and borrowers suffering from financial hardship. [read post]
9 Nov 2010, 8:35 am by Shari Shapiro
Will the FHA Powersaver loans be subordinated to the mortgages on the homes? [read post]
19 Nov 2009, 8:35 am by Daniel O'Rielly
On November 16, 2009, the Federal Reserve Board approved an interim final rule amending Regulation Z, 12 CFR 226, establishing a new requirement for notifying consumers of the sale or transfer of their mortgage loans. [read post]
22 Jul 2009, 9:48 am
As legitimate Long Beach loan modification attorneys, we work every day with homeowners who are in default on their mortgage loans and facing foreclosure. [read post]
18 Oct 2017, 5:00 pm by Richard Symmes
  These days, it is very common for home loans to get sold to another owner the moment the deal closes. [read post]
18 Oct 2017, 5:00 pm by Richard Symmes
  These days, it is very common for home loans to get sold to another owner the moment the deal closes. [read post]
17 May 2013, 6:46 am by admin
Jason Sterlino, 34, Hercules, California, pleaded guilty in federal court in San Francisco, California, to paying bribes to a bank official in order to procure residential mortgage loans. [read post]
5 Nov 2010, 6:54 am
The mortgage modification programs offer by the federal program usually let people make payments on only the balance of their mortgage. [read post]
" Believe it or not, that is what happened to one woman in Pennsylvania who was applying along with her husband for a home mortgage. [read post]
3 Jun 2008, 10:34 am
In his plea, Ross, a real estate appraiser, admitted he and co-defendants conspired to commit bank fraud and money laundering in a scheme to manipulate home buyers and housing appraisals, and to submit fraudulent mortgage loan applications to federally insured lenders. [read post]
6 May 2011, 2:50 pm by The Law Firm of Shein and Brandenburg
It continued issuing FHA-guaranteed home loans to consumers, and it securitized and marketed those mortgages to investors. [read post]
13 Feb 2015, 8:42 am by Allison Tussey
In a complex scheme that begin in 2005, the trio of co-conspirators obtained home mortgage loans for themselves and others, who were financially ineligible, by soliciting participants or straw buyers, to secure a mortgage in their name in exchange for a financial kickback and a promise that the straw buyers would not incur any personal expenses. [read post]
17 Oct 2012, 10:59 am
Wells Fargo is the country's biggest provider of home loan mortgages, but it isn't the only one to have allegedly engaged in such tactics. [read post]
15 Mar 2012, 10:20 am by Mark S. Humphreys
The $1 billion was to be funded half in cash and half in loan modifications for borrowers whose mortgages are greater than their home values. [read post]
29 Aug 2007, 6:52 am
Kourosh Partow, 41, Chugiak, Alaska, was sentenced in federal court in Anchorage to 25 months imprisonment and a $50,000 fine for his conviction on two counts of wire fraud arising from a scheme to falsify information on mortgage loans originated by him while acting as a branch manager for the Anchorage offices of Countrywide Home Loans and American Home Mortgage. [read post]