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19 Jun 2012, 7:28 pm by Jon G. Brooks
Recently, the federal government and 49 state attorneys general reached a settlement with the country’s five largest mortgage loan servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. [read post]
18 Jun 2012, 2:34 pm by Rosa Schechter
Meantime, nearly 44 percent of mortgages remained in a negative equity position in 2011 Q3, the third highest in the country. [read post]
14 Jun 2012, 4:58 am by Mandelman
  Obviously, if you owe $500,000 on your mortgage and the house is only worth $250,000 today, it’s going to be a long, long time before you have equity in your home. [read post]
12 Jun 2012, 11:55 am
About $17 billion of the settlement will pay for mortgage debt forgiveness, forbearance, short sales and other assistance to homeowners. [read post]
11 Jun 2012, 7:57 pm by Kevin Funnell
He stopped paying his mortgage in August 2010 and Freddie took the home back at a sheriff's foreclosure auction in August 2011. [read post]
9 Jun 2012, 3:17 pm
Anyone who takes the leap and requests a review will get one as long as they meet certain criteria: Mortgages had to be in the foreclosure process in 2009 or 2010 The mortgage must be on a primary residence The mortgage must have been serviced by one of the 14 servicers or their affiliates, including Bank of America, JPMorgan Chase, Citibank and Wells Fargo. [read post]
8 Jun 2012, 10:48 pm by Mandelman
  And for America’s working and middle class… there is nothing ahead but a prolonged ride down. [read post]
8 Jun 2012, 10:48 pm by Mandelman
  And for America’s working and middle class… there is nothing ahead but a prolonged ride down. [read post]
8 Jun 2012, 6:00 am by admin
  Unlike home mortgage loans, which have level payments throughout, bonds are normally structured in tranches of different maturity, with differing amounts payable at maturity. [read post]
7 Jun 2012, 7:31 am by Reed Allmand
An underwater mortgage means that your home is worth less than what you owe on it. [read post]
7 Jun 2012, 7:31 am by Reed Allmand
An underwater mortgage means that your home is worth less than what you owe on it. [read post]
6 Jun 2012, 1:07 pm by admin
  The city can repossess the home, and recover something that way. [read post]
6 Jun 2012, 6:58 am by Cathy Moran, Esq.
It gets worse But my conversation with mortgage lawyer Pamela Simmons yesterday was scarier still. [read post]
5 Jun 2012, 1:20 am by Mandelman
Okay, if you’re a homeowner in Hawaii with a Bank of America or Ocwen mortgage, and you’re trying to keep your home through a loan modification, or get out from under your loan through a short sale, I’m ready to help you make the best decision for you… and then get it done. [read post]
4 Jun 2012, 9:56 am by McNabb Associates, P.C.
According to the indictment, three of the defendants worked at Emerald City Escrow and at Nationwide Home Mortgage and conspired to use straw buyers to defraud banks. [read post]
4 Jun 2012, 9:56 am by McNabb Associates, P.C.
According to the indictment, three of the defendants worked at Emerald City Escrow and at Nationwide Home Mortgage and conspired to use straw buyers to defraud banks. [read post]