Tag Archive

Banks face deadline on tougher mortgage standards

Published on October 17, 2011 By admin

The following article is brought to you by Ronold D. Orol at MarketWatch.Com. WASHINGTON (MarketWatch) — Big banks struggling with stalled mortgage modifications face a new hurdle — tighter standards due to take effect in just over two months from housing giants Fannie Mae and Freddie Mac. Servicers will be required from January to meet […]

Ranger man files suit against Chase over mortgage

Published on August 25, 2011 By admin

The following article is brought to you by Harmon Marks at WVRecord.Com. HAMLIN – A Ranger man says his need of a loan modification resulted in abusive home mortgage servicing by Chase Home Finance. Charleston lawyers Jacklyn A. Gonzales and Daniel F. Hedges brought Paul R. McComas’ case to Lincoln Circuit Court for jury trial. […]

Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses
(IMPORTANT INITIAL PROPOSAL TERM SHEET ON THE STATE ATTORNEY’S RESOLUTION OF THE MORTGAGE CRISIS AT THE END OF THIS ARTICLE!)

Published on March 26, 2011 By admin

The following article is brought to you by Shahien Naisripour of TheHuffingtonPost.com. The Obama administration has significantly diminished a proposed homeowner relief program that initially aimed to force the nation’s five largest mortgage companies to reduce monthly payments for three million distressed homeowners, according to documents and people involved in the discussions. The administration has […]

Portrait of HAMP Failure: These Aren’t Deadbeats

Published on November 22, 2010 By admin

The following article is brought to you by David Dayen at Fire Dog Lake. I wanted to resurrect the Portrait of HAMP Failure series because of an interesting data point on HAMP modifications I recently came across. First, our story, which is so depressingly normal for a borrower seeking help with HAMP that it can […]