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4 Oct 2011, 2:22 pm
US banking regulators have sued over 150 bank officials in their efforts to get back at least $3.6 billion in losses linked to the 2007-2009 economic crisis. [read post]
12 Mar 2007, 2:27 pm
 The Mortgage Bankers Association, National Association of Mortgage Brokers, National Association of Home Builders and the National Association of Realtors have to take responsibility for their roles as does the SEC, Fitch, Standard &Poors and Moodys for hyping the investments that were build on air.These are strong words but as the great English statesman, Edmund Burke once said: "The only thing necessary for the triumph of evil is for good men to do… [read post]
8 Dec 2009, 3:36 pm by Ezra Rosser
Home Mortgage Disclosure Act reports reveal that even high-income Blacks are far more likely to pay subprime (high) mortgage rates than comparable whites. [read post]
7 Jan 2012, 7:22 pm by Adam Levitin
The fall in house prices has caused families to cut back on their spending and has prevented them from using their home equity to fund education expenses or start small businesses. [read post]
4 Jun 2008, 8:24 pm
Redlining was a practice that banks once used:  hang a map on the wall, draw a red line around minority neighborhoods, and deny all mortgage loans inside the line. [read post]
10 Dec 2010, 8:28 am by R. Grace Rodriguez, Esq.
  The longer you can stay in your home without making a mortgage payment is the more money you save to move out.Many people with whom I have consulted tell me that their children are able to buy new family homes using the money they save. [read post]
13 Dec 2013, 6:59 am by WynnAndWynn
Purchasing a new home, applying for a mortgage, and navigating the closing process may seem daunting to you, but the process doesn’t need to be an overwhelming one. [read post]
28 Jun 2011, 10:38 am
If your mortgage company gets a judgment for this deficiency, it can use all of the remedies available under the law, including garnishment of your wages, garnishment of your bank accounts and levying on other property. [read post]
26 Oct 2010, 10:47 am by doug
Complicating already roiled waters, the Federal Reserve yesterday got involved in the foreclosure fiasco, saying it will look into the accusations that mortgage lenders cut corners and used flawed documents to foreclose on homes. [read post]
18 Nov 2013, 8:11 pm by Allison Tussey
Ging—Hwang “Felicia” Tsoa, 59, Broadlands, Virginia, was convicted by a federal jury of conspiracy to commit bank fraud and two counts of bank fraud in connection with her role in a large-scale mortgage fraud scheme. [read post]
18 May 2008, 5:08 am
Apparently, telling consumers that it was based on the “Australian banking system” is intended to give it some credibility. [read post]
13 Nov 2008, 4:10 pm
Other top lenders are seeking to avoid such intervention by the government, including Bank of America Corp., J.P. [read post]
27 Feb 2009, 9:57 am
The bank that owns the mortgage must give permission for the sale, because the property is still collateral for the mortgage loan. [read post]
11 Nov 2008, 1:36 pm
  Let's swap homeowner debt for equity, just as we have been doing with banks. [read post]
23 Aug 2013, 7:34 am by Allison Tussey
Pouparina also enriched herself by collecting fees generated by the loan, and further profited by using the loan proceeds in connection with her business as a hard-money lender in other mortgage deals. [read post]
26 Mar 2009, 3:03 pm
They allegedly got loans using phony buyers. [read post]
5 Dec 2016, 6:11 am by Cathy Moran
Why we needed this rule Rule 3002.1 addresses the lack of transparency that used to exist about your home loan during a Chapter 13. [read post]