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30 Mar 2010, 7:45 am by atussey@mortgagefraudblog.com
The Indictment charges that Shin conspired with others to obtain more than a million dollars of mortgage loans for unqualified borrowers during June 2006 through December 2006 to purchase seven houses in Atlantic City at …Read More... [read post]
29 Mar 2010, 6:05 am
City Life puts further pressure on the banks through public demonstrations, educates homeowners and puts them in touch with Harvard and BCC. [read post]
28 Mar 2010, 10:13 pm by John Watts & M. Stan Herring
The program is mainly aimed at people who obtained loans from Countrywide Financial, a very large and aggressive lender back in the housing boom. [read post]
27 Mar 2010, 4:58 pm by John Watts & M. Stan Herring
The multifaceted effort will allow people who owe more on their mortgages than their properties are worth to get new loans backed by the Federal Housing Administration, a government agency that insures home loans against default. [read post]
26 Mar 2010, 7:13 pm by Steve Bainbridge
Even if property tax is paid on an empty property, it still burdens the city and the neighborhood it is in. [read post]
26 Mar 2010, 2:59 am by atussey@mortgagefraudblog.com
Jong Shin, 50, Bayside, New York , the alleged mastermind of a mortgage fraud and money laundering scheme involving residential properties in Atlantic City, New Jersey had an initial appearance in connection with a 2-count Indictment. [read post]
25 Mar 2010, 4:17 am by Mandelman
According to Citi’s regulatory filings, about 42 percent of the bank’s second mortgages are now worth more than the underlying assets. [read post]
17 Mar 2010, 1:41 am
 " REAL ESTATE TRENDS: The Pitfalls of Drafting Preliminary Loan DocumentsWednesday, March 17, 2010By Jeffrey B. [read post]
I am asked on a weekly basis:  Can’t the judge make the mortgage company change the loan in bankruptcy? [read post]
13 Mar 2010, 2:33 pm by John Watts & M. Stan Herring
Just fill out the form below: Contact Information First Name * Last Name * Email * Street Address 1 Street Address 2 City * State * Zip Code [read post]
12 Mar 2010, 9:28 pm by John Watts & M. Stan Herring
The FTC says that the Fair Debt Collection Practices Act covers "personal, family, and household debts, including money you owe on a personal credit card account, an auto loan, a medical bill, and your mortgage. [read post]
11 Mar 2010, 11:47 pm by John Watts & M. Stan Herring
So, even a mortgage company that obtains loans when they are in default can be a debt collector as opposed to a creditor. [read post]
10 Mar 2010, 5:41 pm by John Watts & M. Stan Herring
That isn't much time considering it takes at least that long to modify or refinance a loan -or simply try to clean up erroneous credit reporting caused by mortgage servicing abuses. [read post]
9 Mar 2010, 8:40 am by admin
    Mankhurd co-operatives, funded through World Bank Loan repaid by railway surtax (see below)   As cities densify, there is only one direction to go – up. [read post]
9 Mar 2010, 2:57 am by admin
Banks had to modify their normal definitions of risk (which included neighbourhood conditions) and in some cases they made risky loans and many homes were provided to families who could not afford them. [read post]
7 Mar 2010, 9:05 pm by John Watts & M. Stan Herring
When the loan modification program, which lowers mortgage payments for homeowners who are behind in their payments or in danger of imminent default, was announced in February, lenders used an existing code, called AC, to signal that borrowers were participating in the program. [read post]
4 Mar 2010, 5:35 pm
Among them are the Harrisons of Perris, one of the most foreclosed cities in California. [read post]
4 Mar 2010, 12:44 pm by John Watts & M. Stan Herring
Just fill out the form below: Contact Information First Name * Last Name * Email * Street Address 1 Street Address 2 City * State * Zip Code [read post]
4 Mar 2010, 1:38 am by staff@mortgagefraudblog.com
According to court documents, Ingle was charged with creating false loan documentation to qualify borrowers for FHA loans in Haltom City, Arlington and [read post]