ProPublica Staff United States (ProPublica) – by Marian Wang While federal and state officials investigating flawed foreclosures have largely focused on holding the banks accountable and bringing relief to wronged homeowners, officials in a few states have begun targeting the more obscure middlemen of the foreclosure scandal. Prosecutors in California and Illinois have sent subpoenas [...]
Posts Tagged ‘Mortgage’
Foreclosure Contractors Face New Scrutiny From States
May 26th, 2011 
davidguide 
Posted in Borrowers 
Tags: attorney general lisa madigan, Bank, consent order, firm, illinois attorney general, illinois attorney general lisa madigan, LPS', mdash, Mortgage, mortgage documents, mortgage processing, state 
Comments OffLoan Servicing Software.
May 24th, 2011 davidguide In today’s highly competitive environment, loan servicing software is an absolute essential for mortgage companies, banks, loan websites, and any other money lending company. This software is designed to automate most of the tasks involved in loan management. It is a great solution for keeping a track of the amount of loans paid off by [...]
Posted in P2P Loans Tags: lending, loan servicing software, loan websites, microsoft office suite, Mortgage, point resolution, settling accounts, software, start ups, t amp, today, track Comments OffFixed mortgage rates hit new lows, but sales stay weak
May 23rd, 2011 davidguide New York- Fixed mortgage rates fell last week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans. View full post on All Stories
Shorter-term loans becoming popular refinancing option
May 21st, 2011 davidguide By Kenneth R. Harney, Special to the Times Friday, May 20, 2011 Shorter-term loans gaining popularity WASHINGTON — Could I refinance you into a seven-year fixed-rate mortgage at 2.99 percent? Or how about 10 or 15 years fixed in the mid 3s? These may sound suspiciously like teaser quotes with tricks in the fine print, [...]
Posted in Borrowers Tags: 20 year mortgages, 30 year fixed rate, american homeowners, Chief Economist, fixed rate loans, fixed rate mortgage, Mortgage, percent, print, Refinancing, Times, year fixed rate mortgage Comments OffFederal grand jury in San Jose indicts six in mortgage fraud scheme
May 20th, 2011 davidguide An indictment unsealed this week in San Jose alleges the defendants orchestrated a multimillion-dollar plot to scam banks into extending loans to unqualified low-income homebuyers. View full post on All Stories
Posted in Borrowers Tags: Banks, federal grand jury, fraud scheme, income homebuyers, indictment, Mortgage, mortgage fraud, multimillion dollar, post, scheme, Stories, View Comments OffCitigroup Hedge-Fund Returns Jump as Ban on Prop Trading Looms
May 18th, 2011 davidguide Citigroup Inc., which took a $45 billion U.S. bailout after losses on subprime home loans, is boosting profits from a hedge fund that bets the bank’s money on mortgage debt — a practice regulators plan to restrict. View full post on All Stories
Posted in Borrowers Tags: bailout, Ban, Citigroup, citigroup inc, hedge fund, Home, looms, Mortgage, mortgage debt, Regulators, subprime home loans, trading Comments OffProperty ruling worries Myrtle Beach area Realtors
May 10th, 2011 davidguide Homeowners facing foreclosure will have more time and less of a burden as they try to modify their loans and keep their houses as a result of a S.C. Supreme Court order, but some local Realtors are concerned that the changes will just draw out the negative impact of distressed properties. Last week, S.C. Supreme [...]
Posted in Borrowers Tags: area realtors, foreclosure proceedings, homeowners, local realtors, Mortgage, mortgage bankers association, property, Result, ruling, supreme court chief justice, u s treasury department, U.S. Treasury Comments OffFannie Mae seeks $8.5 billion from taxpayers
May 7th, 2011 davidguide Mortgage finance giant Fannie Mae <FNMA.OB> on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. View full post on All Stories
Poll: Borrowers are mixed up about mortgages
May 3rd, 2011 davidguide Half of prospective home buyers don’t understand mortgage basics, a new national poll by hometracker Zillow shows, indicating that many borrowers taking out loans could be making costly mistakes..Highlights: Homebuyers answered basic questions… View full post on All Stories
Posted in Borrowers Tags: basic questions, Borrowers, costly mistakes, Home, Mortgage, mortgage basics, national poll, Poll, post, prospective home buyers, View, zillow Comments OffDeMint Urges No Increase in Debt Limit
May 2nd, 2011 davidguide Sen. James DeMint (R-SC) writing in the Greenville News : “Debt increase advocates are misleading the public when they say fiscal catastrophe will result from a failure to increase the debt ceiling. They are using scare tactics to keep up their big-borrowing and spending sprees, just like they did to justify their Wall Street and [...]
Posted in Borrowers Tags: catastrophe, Chicken, chicken little, debt ceiling, debt increase, debt limit, Greenville, greenville news, Little, Mortgage, scare tactics, sprees Comments Off