Sen. Jeff Merkley Has a Great Idea for Underwater Homeowners
Oregon Senator Jeff Merkley has drafted a modest proposal for creating a modern version of the Home Owner’s Loan Corporation (HOLC) to […]
FHFA Director DeMarco Ignores Facts, Refuses To Permit Principal Reductions
The Federal Housing Finance Agency, the entity that oversees Fannie Mae and Freddie Mac, recently released a study demonstrating that principal reductions
The CFPB’s First Enforcement Action — Capital One To Pay $210 Million
The Consumer Financial Protection Bureau (CFPB) announced its first public enforcement action last week. The settlement involves Capital One and
Did You Know That There Is An Office of Mortgage Settlement Oversight?
If you answered, “No,” to that question, you’re among the vast majority. The Office was created to monitor the banks
DOJ Announces Subprime Mortgage Settlement with Wells Fargo
A multi-million dollar fair-lending settlement was recent announced by the Justice Department. Specifically, the settlement concludes a particular dispute in
POSSIBLE SCAM ALERT: The Consumer Financial Protection Bureau Does NOT Offer Debt Consolidation Services
According to the Consumer Financial Protection Bureau’s blog, there is a new potential scam out in the wild — people
Following Mortgage Modification, Majority of Borrowers Fall Behind Again
A recently released study discovered that many borrowers that are behind on their mortgages and work with lenders to get
Consumer Financial Protection Bureau Releases Credit Card Complaint Database
The Consumer Financial Protection Bureau (CFPB) recently made its credit card complaint database available to the public. The data is being refreshed daily beginning
Alabama Appellate Court Rejects a Ta-Da Allonge
One common practice that I’ve seen in foreclosure cases is the magically appearing or Ta-Da! allonge. These documents are supposed
Fair Housing Administration to Sell Distressed Mortgages
The Fair Housing Administration (FHA) has announced that it will begin selling bundles of distressed mortgages as early as September 2012. The