When the Homeowner’s Bill of Rights “HBOR” as created it provided borrowers with a way to fight back when their bank/loan servicers were not reviewing their loan modifications, were denying based on “missed documents” or income that was improperly calculated by the … Read More
by Tiffany R. Norman I am seeing several clients that are current with the first mortgage and have equity in their property. They are behind on their second mortgage payments, and forgot the second lender exists. However, the lenders did … Read More
Alan David Tikal was sentenced to 24 years in federal prison for operating a massive foreclosure rescue scam that defrauded more than 1,000 homeowners from across the nation out of more than $5.8 million, announced the Special Inspector General for … Read More
OAK BROOK, Ill., April 22, 2015 /SATPR.COM/ — Alena Hammer secured a jury verdict against Residential Credit Solutions, Inc. (RCS), a national mortgage loan servicer headquartered in Fort Worth, Texas, for its breach of contract, violations of the Real Estate Settlement Procedures Act (RESPA), and … Read More
June 3, 2014 By Tiffany R. Norman of TRN Law Associates For many borrowers, getting a loan modification leads them to believe all will be right in the world of homeownership. However, that is not always the case. Some modifications … Read More
Millions of distressed mortgage assets have been resolved. But millions remain unresolved, enough to fuel sales of nonperforming loans for at least three years. At the height (or trough) of the market there were about 6.6 million overdue mortgages at … Read More
By Michelle Conlin (Reuters) – Joseph and Neidin Henard thought they had finally fixed the mortgage that was crushing them. In January, the couple reached a settlement with every company that had a stake in the mortgage on their house … Read More
Mortgage crisis continues By Jerry Goldberg on May 22, 2014 A new report documents how millions of people across the U.S. continue to suffer the effects of the housing crisis that began around 2005. Published in early May by the Haas Institute … Read More
By GRETCHEN MORGENSON MARCH 14, 2014 Three nonprofit groups offering homeowner counseling sued Gov. Jerry Brown of California on Friday, demanding the state replace $369 million that had been earmarked to help troubled borrowers but was used instead to pay … Read More
By Catherine Curan March 12, 2014 | 2:06pm Wells Fargo, the nation’s biggest mortgage servicer, appears to have set up detailed internal procedures to fabricate foreclosure papers on demand, according to allegations in papers filed Tuesday in a New York … Read More