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Another loan in the FHFA vBoA lawsuit – interest accrual for months after home is “liquidated” to new party

Another loan in the FHFA vBoA lawsuit – interest accrual for months after home is “liquidated” to new party Another loan in a trust/tranche that is named in the FHFA v BoA lawsuit.  This loan is in collateral group 4 in STALT 2005-1F trust. This loan, for 6,000, was stated to be an 80% [...]

LPS’ Mortgage Monitor Report Shows Average Loan in Foreclosure Is Delinquent for Record 599 Days

  LPS’ Mortgage Monitor Report Shows Average Loan in Foreclosure Is Delinquent for Record 599 Days; First-Time Foreclosure Starts Near Three-Year Lows JACKSONVILLE, Fla., Aug. 30, 2011 /PRNewswire via COMTEX/ — The July Mortgage Monitor report released by Lender Processing Services, Inc. LPS -0.33% shows that foreclosure timelines continue their steady upward trend, as [...]

HOME STEALING? WELLS FARGO BANK’S SPECIALTY. OH, YES, INDEED. WELLS FARGO HAS DONE THE EXACT THINGS CHASE HOME LOAN SERVICING DID TO THE BARNETT’S IN THE CASE BELOW. ALL THE LENDERS ARE DOING IT, AND THEY WILL CONTINUE, UNTIL SOMEONE MAKES THEM STOP. IT DOESN’T LOOK LIKE OUR GOVERNMENT OR OUR COURT SYSTEM WILL MAKE THEM STOP. AND YES, THESE ARE NOT MISTAKES; THIS IS EVIL.

Yves Smith: BANKS HAVE INSTITUTIONALIZED STEALING HOMESPosted on August 29, 2011 by Neil GarfieldMOST POPULAR ARTICLESCLICK HERE AND RESERVE SEATING NOW AT HAWAII WORKSHOP OCTOBER… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ARE YOU A VICTIM OF WELLS FARGO’S [...]

Va. AG Settles With Loan Modification Company

RICHMOND, Va. (Source: Legal Newsline BY BRYAN COHEN) – Virginia Attorney General Ken Cuccinelli announced a lawsuit on Thursday against a Chesapeake, Va.-based mortgage loan modification company for allegedly charging illegal advance fees for its “foreclosure rescue” services. Cuccinelli alleges [...] Loan Calculator

Florida Congressman West Meets With Ocwen’s Loan Modification Specialists to Help At-Risk Homeowners

(Source: OCWEN) WEST PALM BEACH, FlORIDA- Congressman Allen West (FL-22) met last week with top executives and call center representatives of Ocwen Financial Corporation (“Ocwen” or the “Company”) , a mortgage servicing organization that is working to modify the loans [...] Loan Calculator

Seven Firms Charged in Mortgage Loan Scheme

MATAWAN (Source: GM News) — A borough firm was among seven mortgage loan modification firms targeted by the state Division of Consumer Affairs for illegally offering mortgage modification services to homeowners in dire financial straits.Attorney General Paula T. Dow and [...] Loan Calculator

Miami Mortgage Loan Modifiers Arrested on Fraud, Racketeering Charges

(Source: By Diane C. Lade, Sun Sentinel) – The owners of a Miami home loan modification company were arrested on criminal charges Wednesday for allegedly defrauding 500 homeowners statewide out of 0,000, Florida Attorney General Pam Bondi said. The Attorney [...] Loan Calculator

Nevada Judge Sentences 2 Men in Connection with Loan Modification Scam, Orders Them to Pay Up

LAS VEGAS (Source: The republic) — The Nevada Attorney General says two men have been sentenced and ordered to pay restitution in connection with a mortgage scam involving Nevada homeowners.Prosecutors say 50-year-old Joseph Yorkus set up businesses to help homeowners [...] Loan Calculator

On Shaky Financial Ground? 3 Reasons Why Loan Modifications Won’t Solve Your Problems

(Source: Fox News) – Let’s assume you live in one of the geographical areas hardest hit by the home mortgage crisis. The economic boom that your lender assured you would continue to boost the value of your home has turned [...] Loan Calculator

‘Bah Humbug’ Case Dismissed | NY Judge Arthur Schack Stops Christmas Eve Foreclosure – Downey Savings and Loan Association FA v. Trujillo

NY judge stops Christmas Eve foreclosure ‘Bah Humbug’ he says, allowing Brooklyn man to keep his home NEW YORK — Shouting “Bah, humbug!,” a New York judge threw out the planned foreclosure against a Brooklyn man based on an alleged fraudulent Christmas Eve phone call confirming the paperwork was in place to take his home [...]