Mortgage-Bond Rally May Sputter on Housing Reality
“Investors should be “cautious” about buying U.S. home-loan bonds because a rally stoked by cash “spilling in from the sidelines” may fizzle within months, according to Barclays Capital Inc.”
View ArticleAmbac Posts $2.4 Billion Loss on Home-Loan Claims
” Ambac Financial Group Inc., the second-largest bond insurer, posted a $2.4 billion second- quarter loss as claims on bonds backed by home-equity loans continued to rise.”
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Home loan demand hits highest since late May
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
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The Farce of Home Loan Modifications
Editor’s Note: The simple truth is this is a ruse. For most people they are under water at the beginning, in the middle and at the end. For most people they will not be able to maintain the payments...
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Homeowners Seek Help Today at Glendale Foreclosure Event
Editor’s Note: I recommend going, if nothing else to network with other homeowners. But don’t get fooled into signing papers that create a new mortgage with virtually the same terms as your old...
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Gap between cost of renting, buying narrows
Thinking of buying a home? Consider this: The gap between monthly rents and mortgage payments is at its lowest level in almost 20 years. Mortgage – Renting – Business – Home – Loan
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WITHOUT RECOURSE: Hangman’s Noose
By Collete McDonald Editor’s Note: Ms. McDonald hits the nail on the head with this article. You should incorporate it word for word in any relevant memoranda. Why is this important? Because most of...
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15 Texas Homeowners Sue Bank of America for Abusive Practices – Don’t Mess...
I’ll tell you what… there are times in life when you’ve just got to love Texas. People in Texas just don’t like getting misled, lied to, pushed around, and generally abused, so it’s not a great place...
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The Problem With Amerika- One in Ten Homes With Mortgages in Foreclosure
I suspect this number is low, and if you factor in the number of homes that are struggling or who are underwater or who are behind on insurance or tax payments or who are just barely choking...
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Washington Post Blasts MERS
While you read this article, remember that Pinellas County Judge Walt Logan warned of this long before anyone else was alerted to the dangers in his Azize opinion. How much more stable would our...
View ArticleN.J. Judge Allows 4 Major Banks to Resume Uncontested Fraudclosure Proceedings
For Bank of America’s Home Loan Servicing division, Williams wrote that the company’s submissions showed “that it has processes and procedures in place” to ensure the information it submits in...
View ArticleMemo: Important Message From Barbara DeSoer | BofA to Sell Correspondent...
From: Home Loan News Sent: Wednesday, August 31, 2011 4:19am Subject: Important Message From Barbara DeSoer To All IMS Associates I wanted to provide this team with information about a strategic...
View ArticleHow Would This Work for Other Crimes? NY Regulator, Goldman Reach...
NY regulator, Goldman reach “robosigning” pact (Reuters) — Goldman Sachs Group Inc will compensate some home loan borrowers for wrongful foreclosures under an agreement reached with a New York state...
View ArticleRecasting A Mortgage – What Is It and Why Is It Done?
Article by Peter Harper A mortgage recast is more like mortgage modification but it mainly involves re-amortization of your home loan. The need for mortgage recast in general comes up in case of three...
View ArticleGerri Shepperd | Woman in Lender Processing Services (LPS) Foreclosure Fraud...
“Shepperd surrendered to AG investigators. She was booked and released on $50,000 bail. Her bail had been reduced from $500,000.” ~ Woman in Loan Fraud Scheme Granted Bail LAS VEGAS — One of two...
View ArticleCommon BoA Fraudclosure Tactic | Return Payment, Proceed with Fraudclosure
“It’s a horrible feeling in knowing if you’re not going to sleep in the same bed, where you’re going to go,” A national bank admits its error almost cost a Valley family its home. The home loan...
View ArticleAlliance | NY AG Schneiderman and FHFA Inspector General Linick Share...
Alliance to bolster home loans probe By Shahien Nasiripour in New York The collaboration between New York’s top prosecutor and the federal auditor overseeing half of the US home loan Findings from the...
View ArticleHawaii | Bank Fraud RE Tehiva/Phillips Foreclosure Eviction – American Home...
Bank Fraud American Home Mortgage Servicing Sand Canyon Corporation Kathy Smith Soundview Home Loan Trust, 2007-OPT2 Wells Fargo Bank, N.A. Action Date: January 1, 2012 Location: Maui, HI On January 2,...
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Principal Write-Down Pilot Program in Massachusetts
A Boston nonprofit, Boston Community Capital, is teaming up with some financial institutions, in particular Bank of America, in a pilot program that has the effect of writing down mortgages to close...
View ArticleCitizen Warrior Victory! | Hawaii – Wells Fargo Backs Off on Eviction of the...
Great job Citizen Warriors! Thank you for all of your support and assistance. Without you this may never have been achieved. It’s not over yet — but it’s in a lot better place than it was. Thank you...
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