HOUSING: Judge denies defense request in foreclosure case

"A judge denied a request Friday to toss out two civil charges against a group of defendants accused of running a fictitious foreclosure-prevention company, said a district attorney prosecutor.Five people who ran a Carlsbad business were arrested in May on charges of...

Probing Golden West

"NEW YORK (AP) - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.U.S. Attorney Joseph Russoniello told The...

How to qualify for a loan modification « Foreclosure Combatant

"Which homeowners qualify for LOAN MODIFICATION and how can you improve your chances of success?  While each lender has their own unique guidelines for acceptance, there are some general requirements that borrowers must meet if they hope to get their loan modified...

FDIC - Federal bank insurance fund short on cash

"WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.The Federal Deposit Insurance Corp., whose insurance fund has...

UK Alliance & Leicester PLC in talks about takeover

Guarding off the mortgage crisis effects around the world, British lender Alliance & Leicester PLC started to talk a possible takeover. In response, shares surged over 45%. " British mortgage lender says it is in advanced talks about a possible takeover ...

Jingle mail, Jingle mail Sc#*w the bank all the way

" Mortgage foreclosures hit an all-time high in the fourth quarter of last year while homeowners' equity, or the value of a home less the outstanding mortgage, sank to an all-time low of 47.9 percent. As prices drop, more home owners who bought at the top of the market...