According to a study from the Boston Federal Reserve unemployment is the main reason for missed mortgage payments over high interest rates.
Read the rest of this entry »
A report by the Office of Thrift Supervision and the Office of the Comptroller of the Currency, which regulates mortgage lenders, shows that even though mortgage lenders have increased their foreclosure prevention efforts there are many challenges facing the industry and government efforts to stem foreclosures.
Read the rest of this entry »
Today government officials announced that scammers are seeking to take advantage of borrowers that are in danger of default.
Read the rest of this entry »
After a joint investigation by the California Department of Corporations and the Department of Real Estate issued a Desist and Refrain Order against 2nd Chance Negotiations, Inc., a loan modification company.
Read the rest of this entry »
Bill McCollum’s, the Florida Attorney General, office is suing four South Florida loan modification companies for allegedly charging homeowners upfront fees to provide foreclosure prevention services.
Read the rest of this entry »
Bill McCollum, the Florida Attorney General, filed suit yesterday against Lincoln Lending Services LLC, a loan modification and foreclosure-rescue business, and its owner, Rita Gomez.
Read the rest of this entry »
The Federal Trade Commission convinced a U.S. district court today to order two companies to stop advertising as if they are part of the government Hope Now Alliance.
Read the rest of this entry »
Yesterday the Obama administration launched a new website that is designed to help troubled homeowners see if they qualify for relief under the new loan modification or refinancing programs.
Read the rest of this entry »
Today JPMorgan Chase announced that they have opened a loan modification center in downtown Stockton.
Read the rest of this entry »
Experts estimate that out of the 9 million American homeowners that President Barack Obama’s mortgage modification plan is targeting only about half will actually receive relief.
Read the rest of this entry »