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3 Jun 2012, 11:54 am by R Grace Rodriguez
Grace Rodriguez, to help go over your strategy for dealing with the mortgage nightmare that America's leading lenders handed you to deal with. [read post]
29 May 2012, 10:56 am by admin
    Cities are wealth-generators, in America and globally. [read post]
29 May 2012, 9:07 am by Jay Salamon
For those who don’t know, an RMBS is a type of asset-backed security that consists of large numbers of residential debt instruments such as mortgages, home-equity loans, and subprime mortgages. [read post]
25 May 2012, 12:19 pm
In other words, the banks would agree to lower the mortgage payments for people who owed more on their homes than the homes were worth - particularly those who had gotten into that situation as a result of predatory mortgage schemes. [read post]
23 May 2012, 9:54 am
The settlement requires these financial institutions not only to slash inflated mortgages, but also to pay up to $2,000 each to roughly 750,000 people for whom mortgage abuse led to home loss through foreclosure. [read post]
21 May 2012, 8:48 am
It essentially allows a borrower to sell his or her home for an amount less than what is owed on the mortgage. [read post]
21 May 2012, 6:53 am by Rebecca Tushnet
Neighborhood Assistance Corp. of America v. [read post]
21 May 2012, 3:53 am by Mandelman
  I understand why the Mortgage Bankers Association supported SB 94, but I for one don’t need or want that kind of “protection,” thank you anyway. [read post]
17 May 2012, 2:59 pm by Mandelman
  Bank of America is the country’s largest mortgage holder, so it seems hard to imagine that the “vast majority” of 40,000 homeowners could save a dream out of that 4%. [read post]
15 May 2012, 9:31 am
It's important to note that not everyone who had a Countrywide or Bank of America mortgage is going to qualify. [read post]
14 May 2012, 10:49 am
Many new homeowners across America have benefitted exponentially from low sale prices and mortgage rates. [read post]
14 May 2012, 1:26 am by Mandelman
”   Now, maybe if he would disclose his bank’s credit default swap counterparty positions, and off-balance sheet transactions, and conformed to GAAP accounting principals for valuing assets and recognizing losses… maybe then…   Or, maybe if his bank modified mortgages that were NPV positive even if it required a principal forbearance or, God forbid, a reduction, because keeping people in homes under these circumstances is simply the right thing… [read post]
10 May 2012, 12:53 pm
  Bank of America Home Loans, one of the five major banks involved in the settlement, has purportedly been reaching out to customers who may be eligible for forgiveness of a portion of the principal balance on their mortgage under the terms of the settlement. [read post]
9 May 2012, 1:51 pm by Mandelman
NACA stands for the Neighborhood Assistance Corporation of America; a nonprofit that provides “Home Save Counselors” to assist homeowners trying to get their mortgages modified. [read post]
8 May 2012, 5:15 pm
  See also In re Kara Homes, 363 B.R. 399 (Bankr. [read post]
5 May 2012, 11:25 am by Mandelman
For questions about home mortgages press 5… for questions about… (I pressed 5.) [read post]
5 May 2012, 11:15 am by Mandelman
Phone systems are just giving Bank of America fits. [read post]