FHFA Proposal Seeks To Penalize Illinois Home Buyers
The FHFA, which is the agency that oversees Fannie and Freddie, has proposed a mortgage surcharge for five states — […]
Discover Settles With The CFPB — Must Refund $200 Million to Customers
It wasn’t too long ago that the CFPB forced Capital One to refund $210 million to its customers for misleading them about
Chicago Tribune: Mortgage Cops Are Coming For You
Last week, the Chicago Tribune ran this article. In the article, it is implied that homeowners who choose to strategically
Debt Collectors Using Local Prosecutors’ Letterhead to Collect Debts
According to the New York Times, debt collectors in certain jurisdictions have been using the letterhead of the local prosecutor’s
What Is Force-Placed Insurance?
If you have a mortgage, then odds are that the mortgage provides for force-placed insurance. Force-placed insurance is a common
Strategic Default Increasingly Common Among Baby Boomers
According to YouWalkAway.com, Baby Boomers are increasingly likely to strategically default on their mortgages. YouWalkAway surveyed its customers and then
New Data on Underwater Borrowers
Dr. Stan Humphries, the Chief Economist at Zillow.com, recently released some data from the Zillow Negative Equity Report. Some of the data
New FHFA Guidelines to Streamline Short Sale Process
On August 21, the FHFA announced new short sale guidelines for loans backed by Fannie Mae and Freddie Mac. The
Woodstock Institute Reports A Spike in Completed Foreclosures
Although there are no accurate foreclosure numbers on a national scale, the Woodstock Institute does a good job of keeping track of
Hope LoanPort(R) and Your Loan Modification
If you are seeking a loan modification from Bank of America, you will soon be required to submit your documents through an