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Facing Foreclosure? Be careful to avoid bogus Rescue firms.
Hell has a special place reserved for those who prey on the innocent, but until those scam artists fill their reserved slots we all need to make sure we learn how to spot them. ... Houses of God Turn to Chapter 11 in Book of Bankruptcy
Amidst a nationwide recession, financial credit meltdown and foreclosure crisis, churches also are praying that they can meet their next mortgage. "The era of easy credit has begun taking its toll on even the... An Inside Story of Wall Street Bank Crashes
"After his stint on Wall Street, Michael Lewis wrote Liar’s Poker, a famous book that gave an inside story of the high-rolling Wall Street of the 80’s, with its exorbitant salaries and careless handling of... Bank of America to Cut 35,000 Jobs by 2011
NEW YORK - Bank of America said yesterday taht it will eliminate 3,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co. An announcement... Employers cut 533K jobs in Nov., most in 34 years
"Employers cut 533K jobs in Nov., most in 34 years Dec 5, 2008 Economy Dec 5, 3:22 PM (ET) By JEANNINE AVERSA WASHINGTON (AP) - Skittish employers slashed 533,000 jobs in November, the most in 34 years,...Subprime Mortgage Foreclosures Affect the Financial Meltdown
The title of the “Anatomy of a Meltdown” in an issue of The New Yorker magazine was rightly apt for the current financial crisis sweeping across the nation. Federal Reserve Chairman Ben Bernanke and other experts last year were quick to say that the blossoming issues on... Citigroup Bailout May Assist More Homeowners
The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue... The Housing Crisis and a Fight-Back Program
"The current economic crisis has been building for years. At its root is the massive elimination of decent-paying jobs and lowering of wages in the U.S. and worldwide, a phenomenon explained and analyzed so well in the party’s newest book, “Low-Wage Capitalism.”The...This Is Not A Normal Recession: Moving on to Plan B
""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...Solving the Foreclosure Crisis – How can we fix the process?
"As discussed previously, the pooling and servicing agreement requires the servicer to forward payment to the securitized trust regardless of whether the borrower is making the mortgage payment. This must continue until the loan is removed from the trust, and that can...The foreclosure freeze tide
"WASHINGTON (Legal Newsline)--As Capitol Hill remains under siege from all sides of America's faltering economy, pressure to stem the tide of foreclosures continued to make inroads as Fannie Mae and Freddie Mac became the latest to join the foreclosure freeze movement.The...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...
created by MortgageAuditor | 4 years ago | updated 4 years ago
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217 views | 0 recommendations | 0 comments
Investors Hit BofA Loan Modifications
Bank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But apparently nobody...
created by MortgageAuditor | 4 years ago | updated 4 years ago
333 views | 0 recommendations | 1 comment
333 views | 0 recommendations | 1 comment
Savvy Homeowners Are Turning the Table on Lenders
"WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) — National Loan Audits (www.nationalloanaudits.com) announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan... Government Announced Plans to Quell Foreclosures
The US government has finally taken the reins to solve the rising number of foreclosure properties. The government said that it will try to help the housing industry by restructuring hundreds of the thousands mortgages in the country."Unveiling of the Proposed Plan The plan,...Top Members Today
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