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 […]
Banks & Mortgage Servicers
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
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
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
The Consumer Financial Protection Bureau To Propose New Mortgage Servicing Rules
This summer, the Consumer Financial Protection Bureau will formally propose new rules for mortgage servicers. The rules will be finalized
Federal Regulators Considering Fines For Eight More Mortgage Servicers
Even though the much ballyhooed foreclosure fraud settlement has been a bit of a letdown, it has not stopped federal
Landmark Mortgage Settlement May Inadvertently Increase Mortgage Scams
The U.S. Department of Justice and U.S. Department of Housing and Urban Development (HUD), in addition to 49 attorneys general,
More Mortgage Rescue Scams in the News
According to this report from the Quad Cities, Illinois home owners are being targeted by mortgage rescue scams that appear as offers
Did Your Refinance Truly Extinguish Your Previous Mortgage?
According to Reuters, your previous mortgage may not have been extinguished by your refinance loan. In a normal world, when