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20 Apr 2009, 1:34 am
When government selectively enforces laws, arresting bank robbers while neglecting mortgage fraud, it loses its legitimacy. [read post]
19 Apr 2009, 10:51 pm
., a publicly listed affiliate of Carlyle that invested in mortgages. [read post]
17 Apr 2009, 8:52 am by Gary D. Sparks
Should you choose to move forward with mortgage modification on your own, pay close attention to the following red flags: (1) Guarantees to save your home from foreclosure (2) Unknown telemarketers who cold-call you with promises of saving your home (3) Companies that ask for sensitive and confidential information over the phone (4) Demands for large, up-front payments (5) Promises of making large chunks of your principal "go away" If you see any of these red flags, or… [read post]
15 Apr 2009, 6:49 am
Second, mortgage assets were considered relatively impervious to sharp downturns. [read post]
15 Apr 2009, 4:51 am
Santelli was cheered on by traders as he railed against the government for subsidizing bad mortgages for people who could not afford to buy the homes. [read post]
14 Apr 2009, 5:18 am
Typically, a homeowner fights off eviction for 18 months, making no mortgage or tax payments and no repairs. [read post]
13 Apr 2009, 5:07 pm
Others are working under the direction of crooked "foreclosure consultants" who assure them that fudging their incomes is okay. [read post]
13 Apr 2009, 3:30 pm
Deffler, the court directed child support to be calculated by utilizing a three step process. [read post]
12 Apr 2009, 1:17 pm
Felix Salmon has an uncharacteristically boneheaded piece up about mortgage buybacks. [read post]
10 Apr 2009, 4:19 am
  The programs under USDA Rural Development are diverse and range from direct mortgage assistance to income-eligible homebuyers, energy efficiency grants to businesses making energy improvements, water and wastewater improvement grants and loans to communities.Ms. [read post]
9 Apr 2009, 11:05 am
That report also will direct who gets what assets and liabilities and on what conditions. [read post]
5 Apr 2009, 1:26 pm
On June 19, 2008, the DOJ announced a national mortgage fraud enforcement sweep dubbed Operation “Malicious Mortgage. [read post]
5 Apr 2009, 1:58 am
The final rule is accessible via this link: [edocket.access.gpo.gov] Any questions or comments should be directed to: tgreen@greenassoc.com or aschneider@greenassoc.com Tracy Green is a principal at Green & Associates and Ann Schneider is a senior associate at Green & Associates in Los Angeles, California. [read post]
1 Apr 2009, 11:50 pm
Background Facts Starting in the summer of 2007, in what has become an all-too-familiar scenario, Countrywide started experiencing financial difficulties due to, among other things, increased rates of loan defaults on residential mortgages, foreclosures due to subprime mortgages, and the need for capital and liquidity. [read post]
1 Apr 2009, 5:48 pm
·                    Steering Incentives/Yield Spread Premiums:  Yield spread premiums and other compensation that could cause mortgage originators (i.e., mortgage brokers and bank loan officers) to "steer" applicants toward more costly mortgages are banned for all… [read post]
1 Apr 2009, 1:15 am
3) They either buy a house or pay off their mortgage. [read post]