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. More »
Currently one of the largest problems that President Obama faces is how to solve the problem with toxic assets. More »
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. More »
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. More »
Ben Bernanke, the Federal Reserve Chairman, told congress today that he asked to sue AIG to prevent them from paying out the large bonuses, but was advised against it. More »
According to Freddie Mac’s Primary Mortgage Market Survey, a weekly report released by Freddie Mac that surveys average mortgage interest rates, the average 30-year fixed-rate mortgage dropped to 4.98% this week. More »
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. More »
Today JPMorgan Chase announced that they have opened a loan modification center in downtown Stockton. More »
Today President Barack Obama lashed out at AIG for the $165 million in bonuses issued to top executives and other employees saying that it was an “inappropriate use of taxpayer funds.” More »
RealtyTrac Inc, an online foreclosure and research company, announced today that foreclosure filings in the US rose 30% in February when compared to the same time last year. More »