posted by Moe Bedard at LoanWorkout.org - 5 hours agoA former Walpole attorney was sentenced yesterday to two years in the Billerica House of Correction for ripping off homeowners and mortgage lenders. Bruce Namenson, 47, pled guilty in Suffolk Superior Cour...posted by Moe Bedard at LoanWorkout.org - 8 hours agoWASHINGTON–Former Citigroup Inc. CEO Charles Prince apologized for his firm’s role in the financial crisis, suggesting bank executives were wholly unaware of the risks posed by collateralized debt securiti...posted by Moe Bedard at LoanWorkout.org - 8 hours agoA Raleigh man was arrested Wednesday after authorities said he lied when applying for a home mortgage, Wake County court documents show. Antonious M. Iskander, 26, of 3216 Blue Ridge Road, was charged with...posted by Moe Bedard at LoanWorkout.org - 8 hours ago“Saved by the Bell” actor Dustin Diamond may have to do another XXX flick, because he’s about to lose his home. Wells Fargo Bank just filed legal papers, claiming Screech is more than $290,000 behind on hi...posted by Moe Bedard at LoanWorkout.org - 8 hours agoThe complex investigation began in November 2008, when Gloucestershire County Council funded PC Duncan Sleeman, acting on intelligence, led a raid on a property in Central Lydbrook. Although the discovery ...posted by Moe Bedard at LoanWorkout.org - 8 hours agoIf you’re one of tens of thousands of Californians facing foreclosure or who has already lost a home, help may soon be on the way from Sacramento. Lawmakers are working on three proposals they say are aime...posted by Moe Bedard at LoanWorkout.org - 8 hours agoCOLUMBUS, Ohio — Help is on the way from Columbus on the home foreclosure crisis as Ohio Gov. Ted Strickland signed a new law to help local communities. At the statehouse, the plan has been in the works fo...posted by Moe Bedard at LoanWorkout.org - 8 hours agoLAS VEGAS, NV (LoanSafe.org) – The Obama Administration’s Making Home Affordable Program, HOPE NOW Alliance and NeighborWorks® America will be holding a 2 day foreclosure prevention workshop in Las Vegas, ...posted by Moe Bedard at LoanWorkout.org - 10 hours agoThere are foreclosure bus tours and foreclosure boat tours. But a Las Vegas broker has come up with a new marketing gimmick to try to entice the rich back into the property market: foreclosure jet tours. I...posted by Moe Bedard at LoanWorkout.org - 1 day agoFormer Federal Reserve Chairman Alan Greenspan on Wednesday defended the central bank’s much-criticized oversight of the subprime mortgage market, arguing that consumer protection was an important priority...posted by Moe Bedard at LoanWorkout.org - 1 day agoNEW YORK — Goldman Sachs, the investment bank that has emerged as a Wall Street leader and the target of public ire in the aftermath of the financial crisis, said Wednesday it did not unfairly bet against ...posted by Moe Bedard at LoanWorkout.org - 1 day agoBank of America Charitable Foundation Contributes $50,000 to Relief Efforts BOSTON, April 7 (LoanSafe.org) – Bank of America today announced it will activate its disaster relief program in Rhode Island and...posted by Moe Bedard at LoanWorkout.org - 1 day ago“I’m seeing one of the toughest markets we’ve ever had,” said Sandra Baldwin, a Realtor for Russ Lyon Sotheby’s International Realty who has sold high-end homes for close to 30 years. “The number of forecl...posted by Moe Bedard at LoanWorkout.org - 1 day agoDELTONA — A Volusia County man has been arrested for allegedly filing phony court papers, claiming ownership of several foreclosed homes. Investigators said Andrew Brown, 29, took down the “for sale” signs...posted by Moe Bedard at LoanWorkout.org - 1 day agoApril 6 (Bloomberg) — Bank of America Corp., the largest U.S. bank, is vowing to answer queries about mortgages within three days to help borrowers keep their homes, an executive said today. The pledge is ...posted by Moe Bedard at LoanWorkout.org - 1 day agoNow they’re on the verge of being thrown out. To the Rudans’ dismay, the house was sold last month at a foreclosure sale. The sale occurred despite what the Rudans say were their loan servicer’s promises n...posted by Moe Bedard at LoanWorkout.org - 1 day agoWASHINGTON — A panel investigating the roots of the financial crisis will press current and former executives of Citigroup Inc. at hearings this week about the bank’s role in spreading trillions of dollars...posted by Moe Bedard at LoanWorkout.org - 1 day agoNew federal rules could make it easier for financially troubled homeowners to dispose of their properties through short sales, where the home is sold for less than the amount of the mortgage. But questions...posted by Moe Bedard at LoanWorkout.org - 2 days agoA federal jury convicted Eric R. Farrington Jr. and seven others Monday of operating a multimillion-dollar mortgage fraud scheme in the Dallas area from 2002 to early 2006. Farrington, a 57-year-old Irving...posted by Moe Bedard at LoanWorkout.org - 2 days agoBlackRock, a leading US bond investor, says banks will have to take their share of losses on distressed mortgages before it resumes large-scale purchases of new “private label” mortgage bonds, which are so...posted by Moe Bedard at LoanWorkout.org - 2 days agoThe Norris family story suggests those changes do not go far enough. Servicers make mistakes. Borrowers fall through administrative cracks that shouldn’t exist. Homeowners who lose their homes due to error...posted by Moe Bedard at LoanWorkout.org - 2 days agoIn addition to putting borrowers into default at will, they make vast untold sums of money before the property is foreclosed. And once they target you, they cannot be stopped. That unlocks a wealth of mone...posted by Moe Bedard at LoanWorkout.org - 2 days agoFinances have entered the picture in the mystery surrounding the death of former state Sen. Nancy Schaefer. According to The Northeast Georgian, a weekly newspaper based in Cornelia, Schaefer and her husba...posted by Moe Bedard at LoanWorkout.org - 2 days agoPublic records show Mr. Hebert’s original mortgage was for $110,000 in September 2004. In January 2006–just before the show aired–he refinanced for $250,000. About a year later, came another refinance with...posted by Moe Bedard at LoanWorkout.org - 2 days agoArizona Attorney General Terry Goddard is suing Asset Creation, accusing the company of consumer fraud. Goddard says homeowners should avoid loan modification companies with the following “red flags”: Guar...posted by Moe Bedard at LoanWorkout.org - 2 days agoWASHINGTON — The government launched a new effort on Monday to speed up the time-consuming, often-frustrating process of selling your home if you owe more than it’s worth. The Obama administration will giv...posted by Moe Bedard at LoanWorkout.org - 2 days ago“Mortgage insurers have staked out the position that there is no valid claim under the mortgage-insurance policy if a mortgage lender voluntarily offers a borrower loan forgiveness,” Berg wrote Monday. ‘Se...posted by Moe Bedard at LoanWorkout.org - 2 days agoWith millions of Americans possibly facing foreclosure, the demand for help is outstripping supply. The latest Treasury report on the government’s Making Home Affordable modification program notes, for ins...posted by Moe Bedard at LoanWorkout.org - 3 days agoA lot of blame for the housing crisis that helped drive our nation into a financial crisis has been heaped on “greedy” bankers and home buyers trying to live beyond their means. But there was another eleme...posted by Moe Bedard at LoanWorkout.org - 3 days agoDon Cameron’s March 8 win in a Palm Beach County home auction is stalled somewhere on the third floor of the courthouse in stacks of foreclosure filings piled several feet overhead. He’d like to start fixi...posted by Moe Bedard at LoanWorkout.org - 3 days agoFor Mr. Johnson, the former GE Capital executive, not being able to see his children through college is particularly painful. Both he and his wife attended Johns Hopkins in Baltimore. When he decided to ea...posted by Moe Bedard at LoanWorkout.org - 3 days agoIf all goes according to plan, the Obama administration’s new antiforeclosure effort will prevent many more foreclosures than its current one and do more to moderate the decline in home prices. That is a b...posted by Moe Bedard at LoanWorkout.org - 3 days agoThe 5-foot alligator lurking in the algae-green waters of the community swimming pool was not the worst thing code-enforcement officers have found in recent years at AAA Apartments in Cocoa. Bathrooms infe...posted by Moe Bedard at LoanWorkout.org - 3 days agoBut that may be about to change, as new government guidelines for the short-sale process go into effect Monday. The Home Affordable Foreclosure Alternatives program, or HAFA, is designed to streamline the ...posted by Moe Bedard at LoanWorkout.org - 6 days agoSCOTTSDALE, Ariz. — State and federal agents raided the largest loan modification company in Arizona Thursday. Authorities arrived at Discount Mortgage Relief in Scottsdale around eight in the morning. Doz...posted by Moe Bedard at LoanWorkout.org - 6 days agoHe’s frustrated and he’s angry and that’s not a good place for the 30-year-old disabled Army veteran to be. After suffering a traumatic brain injury in Afghanistan in 2001, Scott Frazier and his wife, Jenn...posted by Moe Bedard at LoanWorkout.org - 6 days agoA federal jury Thursday convicted disbarred Bothell attorney Robert Ernest Brandt of conspiracy and four out of five wire-fraud charges in connection with a massive mortgage-fraud case that led to dozens o...posted by Moe Bedard at LoanWorkout.org - 6 days agoLOS ANGELES — Wynn Bloch has always dutifully paid her bills and socked away money for retirement. But in December she defaulted on the mortgage on her Palm Desert home, even though she could afford the pa...posted by Moe Bedard at LoanWorkout.org - 6 days agoThe Federal Reserve Bank of New York doesn’t have to look far to understand the woes of banks and investors that hold loans and securities underpinned by real estate. It can look at its own books. A review...posted by Moe Bedard at LoanWorkout.org - 6 days agoFannie Mae (FNM: 1.02 -2.86%) servicers can no longer name MERS, the industry-wide loan tracking system administered by MERSCORP, as a plaintiff in nonjudicial foreclosure actions as of May 1, 2010. The ne...posted by Moe Bedard at LoanWorkout.org - 6 days agoKirt has guided Bell to become Minnesota’s largest privately owned residential-mortgage company with regional offices in St. Louis Park, Edina and Phoenix. Despite this being the worst mortgage market in d...posted by Moe Bedard at LoanWorkout.org - 6 days agoNEW YORK, April 1 (Reuters) – Freddie Mac (FRE.N) on Thursday said it would auction nearly 300 foreclosed homes in Las Vegas and Southern California this month, seizing on a federal plan that will help new...posted by Moe Bedard at LoanWorkout.org - 6 days agoThe U.S. Attorney’s Office in Tampa is investigating a subsidiary of Lender Processing Services Inc. that processes mortgage documents for lenders. Jacksonville-based company (NYSE: LPS) stated in its 2009...posted by Moe Bedard at LoanWorkout.org - 1 week agoIf you have a mortgage for an amount greater than the value of your property, what do you do? If you’re the owner of the largest residential property in Manhattan, you walk away, leave the mess to your cre...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe loan modification program, on the other hand, is the only part of the bailout that can’t be described as an investment. Even in the case of the auto bailout, taxpayers will get something back. Not so w...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe congregation, one of America’s largest, has been scrambling to raise funds to save the arena-sized sanctuary from potential foreclosure. To that end, it has enlisted national leaders, such as the Rever...posted by Moe Bedard at LoanWorkout.org - 1 week agoLOS ANGELES — Out of work for more than a year, Dale Ottley was relieved when she was able to sell her Woodland Hills condominium for $230,000 — even though it was a “short sale” on which she lost $200,000...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe agreements detail how the five men submitted fraudulent loans for homes with inflated values, then pocket the extra money from the banks through wire transfers. Both Reese and Petrovich could face up t...posted by Moe Bedard at LoanWorkout.org - 1 week ago“It turns out FHA does allow mortgages to borrowers who sell their current residence under short-sale provisions and then purchase a new home without the standard 3 year wait. There are certain conditions...posted by Moe Bedard at LoanWorkout.org - 1 week agoA new federal push to mop up bad loans aims to throw a life vest to underwater homeowners by using short sales. But critics say the plan is limited in scope and will force banks to take losses, denting the...posted by Moe Bedard at LoanWorkout.org - 1 week agoA Miami-Dade minister was sentenced Wednesday to 20 years and his wife to 4 ½ years in prison for their convictions in a $6 million mortgage scheme fueled by drug money. Garry and Yvonne Souffrant, both 33...posted by Moe Bedard at LoanWorkout.org - 1 week agoApril 1 (Bloomberg) — Hotel foreclosures in California climbed 27 percent in the first quarter from a year earlier as unemployment cut business travel. Foreclosures, including the 469-room Los Angeles Marr...posted by Moe Bedard at LoanWorkout.org - 1 week agoLast Friday the White House announced its latest plan to prevent mortgage foreclosures, and earlier this week the famous Case-Shiller index found mostly flat home prices in January with analysts warning ab...posted by Moe Bedard at LoanWorkout.org - 1 week agoBlack homeowners are roughly 50 percent less likely than whites to receive help under the largest of the administration’s anti-foreclosure programs, according to a new survey of qualified families. The fin...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Neighborhood Assistance Corporation of America is heading back to South Florida after drawing more than 24,000 desperate homeowners to a February mortgage-modification marathon in West Palm Beach. The ...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Obama administration is stressing that the revamp of its foreclosure prevention efforts won’t cost any more taxpayer money. That’s because the administration hasn’t come close to using the $50 billion ...posted by Moe Bedard at LoanWorkout.org - 1 week agoMusgrove was taking care of herself, as well, when she sold her house and invested the proceeds in an account that would pay the mortgage on a new place, one with no stairs and plenty of room. She put her ...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Department of Real Estate is issuing warnings about fraudulent short sales. It notes that in April, the federal government will offer financial incentives to provide short sales through the Home Afford...posted by Moe Bedard at LoanWorkout.org - 1 week ago“Victimizing seniors is especially egregious,” said Masto. “We must put a stop to the continual targeting of the most vulnerable groups by these scammers.” Thomas F. Gentile, 56, of Las Vegas, and Justin S...posted by Moe Bedard at LoanWorkout.org - 1 week agoSigns are pointing to the end of the era of 5 percent mortgages, one that already has lasted longer than most thought it would. It is clear that the combination play used by the government and Federal Rese...posted by Moe Bedard at LoanWorkout.org - 1 week agoFORT LAUDERDALE (CBS4) ― A new program is in the works to help Broward County homeowners save their homes from foreclosure. Later this summer, a mediation program will go into effect, aimed at bringing str...posted by Moe Bedard at LoanWorkout.org - 1 week agoA Brooklyn man admitted in federal court Tuesday that he and a partner made about $1 million by scamming Bergenfield, Paterson and Elizabeth homeowners in a foreclosure scheme. Garth Celestine, 44, pleaded...posted by Moe Bedard at LoanWorkout.org - 1 week agoA Miami-Dade minister could go to prison for the rest of his life and his wife for more than 10 years for their convictions in a $6 million mortgage scheme fueled by drug money. Garry and Yvonne Souffrant,...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Democratic sponsors of legislation aimed at helping Ohioans survive the foreclosure crisis would consider giving up a six-month moratorium on foreclosures if it would help get a deal with the Republica...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe shadow inventory of homes and other residential properties exceeds 6 million, which will prolong the recovery of the U.S. housing market. The inventory of properties that have not yet been completed as...posted by Moe Bedard at LoanWorkout.org - 1 week agoFailure to give proper notice to a homeowner under New York’s foreclosure fraud law is a defense that can be raised at any time, a Brooklyn appeals court has ruled in a decision of first impression at the ...posted by Moe Bedard at LoanWorkout.org - 1 week agoIt begins with a flyer on your front doorstep, a roadside sign with a local phone number, an ad on TV. “Stop Foreclosure Now!” “We guarantee to stop your foreclosure.” “We stop foreclosures every day. Our ...posted by Moe Bedard at LoanWorkout.org - 1 week agoSACRAMENTO, CA – Tax day may be especially painful for thousands of Californians who may have to pay state income tax on canceled mortgage debt in short sales. Federal law allows an exemption on the defic...posted by Moe Bedard at LoanWorkout.org - 1 week agoElizabeth Weintraub, a Sacramento, Calif.-area real estate agent who handles many short sales, was amazed at how quickly a recent deal went through. “Bank of America approved it in 24 days,” she said. “Tha...posted by Moe Bedard at LoanWorkout.org - 1 week agoLOS ANGELES — Wynn Bloch has always dutifully paid her bills and socked away money for retirement. But in December she defaulted on the mortgage on her Palm Desert, Calif., home, even though she could affo...posted by Moe Bedard at LoanWorkout.org - 1 week agoMayor Bloomberg issued a help-wanted call Monday in hopes of recruiting 300 lawyers to provide free assistance to homeowners facing mortgage foreclosures. He said that with “a small commitment” from some o...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe agency will distribute the $88 million awarded to Oregon under an aid program expansion announced Monday by the Obama administration to help homeowners avoid foreclosure. The details of who will get he...posted by Moe Bedard at LoanWorkout.org - 1 week agoCOLUMBUS — Ohio will receive $172 million for housing assistance through the Housing Finance Agency Hardest Hit Funds. This money will help Ohio families avoid foreclosures. The announcement was applauded ...posted by Moe Bedard at LoanWorkout.org - 1 week agoNEW YORK, March 29 (Reuters) – Lenny Dykstra has dropped his $100 million predatory lending lawsuit against JPMorgan Chase & Co (JPM.N), and the bank has reached an agreement with a bankruptcy trustee to l...posted by Moe Bedard at LoanWorkout.org - 1 week agoWASHINGTON — The National Association of Realtors spent $5.6 million lobbying the federal government in the 2009 fourth quarter as it pressed for measures to aid the hobbled housing market, according to a ...posted by Moe Bedard at LoanWorkout.org - 1 week agoNew guidelines and incentives announced Friday by the Obama administration are designed to encourage banks and investors to reduce principal for borrowers who are “underwater,” or owe more than what the ho...posted by Moe Bedard at LoanWorkout.org - 1 week agoSANTA ANA – A Superior Court judge has ruled for the first time that State Bar investigators are law enforcement officers and may testify at felony preliminary hearings. But the ruling, at the beginning of...posted by Moe Bedard at LoanWorkout.org - 1 week agoHow widespread are strategic defaults? Laurie Goodman and her team at Amherst Mortgage Insight yesterday released a report that shows they are indeed on the rise and for reasons we might suspect: negative ...posted by Moe Bedard at LoanWorkout.org - 1 week agoAs head of FHA’s single-family housing programs, Bott is charged with rolling out a key part of the administration’s initiative by putting in place policies that will enable lenders to refinance for some h...posted by Moe Bedard at LoanWorkout.org - 1 week agoNEW YORK (CNNMoney.com) — Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cas...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Obama administration has announced a major new effort to stem the foreclosure crisis by focusing on two groups: the unemployed and the rapidly growing share of homeowners who owe more on their mortgage...posted by Moe Bedard at LoanWorkout.org - 1 week agoPROVIDENCE — Wells Fargo and Bank of New York Mellon have joined Deutsche Bank in filing a suit against the city over a recently enacted ordinance dealing with foreclosures, according to Deputy City Solici...posted by Moe Bedard at LoanWorkout.org - 1 week agoWhen Bank of America said this week it planned to cut the principal on 45,000 underwater mortgages, some analysts were concerned. “Banks are being encouraged to enact a lot of these programs by DC, and the...posted by Moe Bedard at LoanWorkout.org - 1 week agoANNAPOLIS – Homeowners facing foreclosure would be able to request a mediation session with the holder of their loans under legislation passed Saturday by the House of Delegates. The bill would also impose...posted by Moe Bedard at LoanWorkout.org - 1 week agoJudy Harrington has already packed up most of her stuff and taken it up to North Georgia. She and her husband are simply leaving her house in St. Marys, Ga., she said; just walking out and leaving it for t...posted by Moe Bedard at LoanWorkout.org - 1 week agoRoddy, president of Addison-based Foreclosure Listing Service Inc., said his company is predicting a yet-to-come storm of commercial foreclosures in Tarrant County, but those foreclosures will mean investm...posted by Moe Bedard at LoanWorkout.org - 1 week agoThere are warriors on the front lines of the fight to keep homeowners in their houses. They don’t work for the federal government or for banks. They are reporters. Dismiss this as self-serving media, if yo...posted by Moe Bedard at LoanWorkout.org - 1 week agoDESPITE RECENT, tentative signs of stabilization, the housing market remains fragile, and that translates into insecurity or outright hardship for millions of Americans. Twenty-four percent of all homeowne...posted by Moe Bedard at LoanWorkout.org - 1 week agoBy Barry Ritholtz “More foreclosures, please!” - I have been dismayed about the latest actions out of Washington and Wall Street. The banks are now pushing all manner of mortgage mods and foreclosure abate...posted by Moe Bedard at LoanWorkout.org - 1 week agoOne lesson they learned from the Florida Attorney General’s Office is that there is no need to pay up-front fees for a loan modification. Another message that came out during the forum at Florida Interna...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Obama administration plans to overhaul how it is tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are une...posted by Moe Bedard at LoanWorkout.org - 1 week agoMarch 25 (Bloomberg) — More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report. The re-default rate of loan...posted by Moe Bedard at LoanWorkout.org - 1 week agoThe Pasadena-based institution, which bought failed IndyMac Bank, reported that in February, 29 percent – or 32,725 – of the bank’s 111,955 mortgages that were 60 or more days overdue under the government’...posted by Moe Bedard at LoanWorkout.org - 1 week agoA local Realtor was arrested on suspicion of burglary after police found him Sunday loading shelving into a van from a foreclosed home. At 10:30 a.m. Sunday, Columbia police responded to a burglary call at...posted by Moe Bedard at LoanWorkout.org - 1 week ago“Unless property values skyrocket by 20 to 30% in the short term, these distressed properties will ultimately go to foreclosure. The problem is just snowballing,” says Ted Jadlos, senior managing director ...posted by Moe Bedard at LoanWorkout.org - 1 week agoWASHINGTON—House lawmakers and government watchdogs took aim at the Obama administration’s efforts to help struggling homeowners on Thursday, even as the Treasury Department defended and heralded new chang...posted by Moe Bedard at LoanWorkout.org - 1 week agoBy George Soros – Treasury Secretary Timothy Geithner testified Tuesday on a plan to reform Fannie Mae and Freddie Mac, the government-sponsored enterprises now in limbo. But we don’t have to wait years to...posted by Moe Bedard at LoanWorkout.org - 1 week agoCBS MoneyWatch’s Jill Schlesinger discussed Bank of America’s initiative to reduce mortgage pricipals for certain borrowers. The programs is by invitation only. Related Posts:Video: FHA Mortgage ProbeForec...posted by Moe Bedard at LoanWorkout.org - 1 week agoTwo women each pleaded guilty Wednesday to 71 counts related to loan-modification fraud and are expected to be sentenced to at least a year in jail next month. Mary Alice Yraceburu, 46, of Riverdale and Ma...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoOn March 5, deputies arriving to post an eviction notice on Lynda Clark’s South Philadelphia home found she had hanged herself. “It’s devastating for everyone. We’re not even family members and it’s just d...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoSteve and Debbie Martin are losing their home. That’s for sure. The only question is whether it will be in a short sale or a foreclosure. They’ve found a buyer, who is offering less than what they owe. The...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoWASHINGTON (MarketWatch) – With millions of foreclosures expected over the next five years, a group of twenty-seven Democrats on Wednesday sent a letter to Treasury Secretary Timothy Geithner urging him to...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoWASHINGTON — US Representative Barney Frank pressed the Obama administration to release the first details of its plans to overhaul troubled mortgage lenders Fannie Mae and Freddie Mac yesterday as he opene...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoAt a hearing Thursday morning before the House Oversight Committee, the Treasury’s TARP chief Herb Allison will announce new protections for homeowners in the modification process who also face a pending f...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoMarch 24 (Bloomberg) — Bank of America Corp. said it’ll expand its China business and hire more staff to tap growth in the world’s most populous nation, according to its chief executive officer Brian Moyni...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoCOLUMBUS, Ohio — A plan that would help the state of Ohio get rid of abandoned houses is headed to Gov. Ted Strickland’s desk for approval. The bill, which has now passed the Ohio House and Senate, would e...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoJPMorgan this week became the latest in a trickle of big banks willing to modify second mortgages for some struggling U.S. borrowers. While it’s a baby step in the right direction, it won’t do much to fix ...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoPHOENIX — Money from the U.S. bank bailouts is now going to homeowners, according to Michael Trailor, the director of the Arizona Department of Housing. Arizona, California, Florida, Michigan and Nevada ar...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoMarch 23 (Bloomberg) — The Obama administration is inflating the success of its main foreclosure prevention program, which may end up doing more harm than good by “spreading out the foreclosure crisis” ove...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThat ought to focus banks’ attention on their second-lien loans. There may be little or no chance many of them will ever be repaid. But banks have avoided writing down second liens because accounting rules...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoWASHINGTON, March 23 (Reuters) – Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home’s value or a...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoWatching the banks, every month we report what percentage of eligible loans are being modified — sorted by bank. What follows is our report card for March, which presents grades for the month of February. ...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoHOUSTON (KTRK) — Fighting to save your home from foreclosure could cause damage to your credit score. It’s something homeowners in trouble may not even know about. It may not be the first thing on the mind...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoSAN DIEGO – The mastermind of a scam in which about 400 homeowners in San Diego and Riverside counties were tricked into paying nearly $2 million in fees in hopes of beating foreclosure was convicted Tuesd...posted by Moe Bedard at LoanWorkout.org - 2 weeks ago“I love my house. I love my neighborhood. I love my neighbors,” Grace said. Grace moved to Denver from the Carbondale area in 2008. Even though she did not have a job at the time, she was able to buy the c...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoMONEE, Ill., March 22 (UPI) — A 100-year-old woman in Monee, Ill., said she is facing foreclosure on her farm, where 40 foster children have lived over the years. The Chicago Southtown Star said Monday Agn...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoEven as legions of homeowners default on their mortgages and await eviction, many still remain in their homes — even 18 months after getting an eviction notice? How is this possible? Banks and lenders are ...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoFive people, including the son of Cape Coral’s police chief are set to take a plea deal in a multi-million dollar mortgage fraud case. Court records show former Cape Police Officer Stephen Petrovich, along...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoCommercial property foreclosure filings in the Dallas-Fort Worth area top $1 billion for the upcoming April sales. That’s much higher than commercial foreclosure posting totals in recent months. “It’s cert...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoHere are the 20 most economically stressed counties with populations of at least 25,000 and their January 2010 Stress scores, according to The Associated Press Economic Stress Index: 1. Imperial County, Ca...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoFannie Mae (FNM.N) instructed companies that service loans it guarantees to allow modifications to borrowers who made payments during a trial period but did not meet all income document requirements under ...posted by Moe Bedard at LoanWorkout.org - 2 weeks ago“We have never had negative equity like this at the national level in as many different regions as we have now,” Humphries says. To get a better sense of the cities with the greatest concentrations of nega...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThe Obama administration is discussing with banks a change in its foreclosure-prevention program that would encourage lenders to reduce the loan balance due in some cases, people familiar with the situatio...posted by Moe Bedard at LoanWorkout.org - 2 weeks ago1. More troubles coming for Portland commercial real estate: I wrote in yesterday’s Business section about the office vacancy troubles among suburban office parks. There’s 14 major office buildings in Port...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoHomeowners in San Diego County defaulted at their highest monthly rate in more than a year in February, MDA DataQuick reported Friday. Defaults totaled 2,166, up 24.4 percent from January’s 1,741, the bigg...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoEach weekday morning, a troupe of opportunists who hope they have the Midas touch unfold camping chairs in front of the old Riverside County courthouse. On sunny days, the gathering of about 40 men and wom...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoLou began meeting with homeowners who were in danger of losing their homes. She put together hand-written budgets for them. “It worked,” she says. She called mortgage companies to renegotiate terms on beha...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThree of the properties were bought from Cranberry Associates LLC, a company partly owned by Hackensack Police Chief Ken Zisa that built two-family homes on lots it acquired from the city. The chief said h...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoNEW YORK (TheStreet) — Bank of America(BAC), Citigroup(C), JPMorgan(JPM) and other U.S. banks face claims of $10 billion from bond insurers, which allege misrepresentation and fraud. Bond insurers includin...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoCalifornia should follow the lead of federal government and forgive the levy. Gov. Arnold Schwarze-negger and legislative Democrats are in another one of their political spats, and this one could cost Cali...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoIn a wave cresting through the coming two years, most of the estimated 900,000 borrowers who have option ARMs will lose their ability to make these teaser payments, according to First American CoreLogic, a...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoDuchemin and Ashraf are an extreme example because they’ve gone through foreclosures on two homes and are in danger of losing a third. They aren’t alone: Flimsy lending practices mean that thousands of oth...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThe bank has assured her several times that making the lower trial payments won’t affect her credit score. But she’s skeptical because she’s been getting calls from the bank’s collection department about h...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoNEW YORK (Reuters) – Lenny Dykstra filed a $100 million lawsuit against JPMorgan Chase & Co alleging he was fraudulently induced into borrowing more money than he could afford, leading to the former star b...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThere’s no shortage of work for Grupe and his team. Mortgage fraud is on the rise, as are bogus job counseling services and frauds conducted over the Internet. Since the financial crisis erupted in 2008, t...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoAmid the layoffs, cutbacks, furloughs and foreclosures, one notable silver lining has emerged from the recession: It’s a great time to rent. Gone are the days of renters struggling to find a decent unit an...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThe problem is, Oakland County resident Tracey Briggs said, people aren’t getting the help they need; rather, she said, many banks are giving homeowners the runaround — in her quest to save her family’s ho...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoThe family was nearly evicted by the mortgage con, and has been living in limbo ever since. Theirs was one of the first homes stolen in what became a common scheme. Mortgage companies promising to save a f...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoMarch 18 (Bloomberg) — Bank of America Corp. stepped up efforts to curtail the cost of soured mortgages by suing First American Corp., claiming the title insurer refused to cover more than 5,500 loans that...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoFormer KB Home chief Bruce Karatz engineered a massive stock option scheme that made him millions of dollars and then fought to keep it secret from investigators, a longtime company executive testified Wed...posted by Moe Bedard at LoanWorkout.org - 2 weeks agoYes, Octomom, Nadya Suleman is in foreclosure for a home she just purchased in Orange County, CA last year. In a March 2009 article it stated that she bought the home with a down payment of $110,000 from ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoSome banks and other lenders will agree to modify home loans during mediation but then renege on the agreements, said a legislative leader who sponsored a bill on foreclosure mediation. Assembly Speaker Ba...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoFederal prosecutors have said Nanan was part of a short-sale scheme with fellow Taylor, Bean & Whitaker employee Victor Cedeno. Nanan and Cedeno worked with real-estate agents, homebuyers, lenders and titl...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoWith less than a month until tax filings are due, struggling Californians who received mortgage modifications or lost their homes in short sales or foreclosures last year face the prospect of huge state ta...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoLike thousands of others in Stockton, the retired Tinney faces declining value in his home and was struggling each month to make mortgage payments. He wanted to modify so badly, however, that he fell for a...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoWEST PALM BEACH, FL — State courts are taking brand new action to try and alleviate the chokehold that foreclosures are causing and keeping everyone’s property values down. // Palm Beach County has one of ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoThe Gentrys have been working with OneWest, which was formed from the ruins of IndyMac Bank in 2009, for 18 months to find a way to ease their mortgage payments. The family is eager to keep the house, Mari...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoMarch 17 (Bloomberg) — The Obama administration is inflating the success of programs that prevent foreclosures by skewing data on loan modifications and revising the goals, according to House Republicans. ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoWilliam Negron, in his mid-70s, lost his job in car sales two years ago. The possibility of losing their home put “so much stress on him,” said son Carlos Negron. “My mother has been to the hospital twice ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoIn January, counselors at Neighborhood Housing Services of Chicago started processing applications electronically in a pilot project that’s akin to TurboTax for loan modifications. It won’t mean more homeo...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoMIAMI — Four South Florida residents have been charged in a $6 million mortgage fraud scheme. The U.S. Attorney’s Office made the announcement Tuesday. Arrested were 53-year-old Carlos Cano of Delray Beach...posted by Moe Bedard at LoanWorkout.org - 3 weeks ago“Green Credit Solutions had a loose affiliation with a few lawyers. Never really had a lawyer on staff handling the loan modifications. And the one lawyer they did hire to work with them was a suspended Te...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoOfficers Connecting At-Risk Homeowners With Foreclosure Help MILWAUKEE — Police officers are joining forces with city and community organizations to connect at-risk homeowners with foreclosure help Some Mi...posted by Moe Bedard at LoanWorkout.org - 3 weeks ago8. If all else fails? There are not always easy answers. If there really is no way to make use of Chapter 7 or Chapter 13, you may indeed decide just to walk away from your mortgage and let the chips fall ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoMore Phoenix-area homeowners are walking away from their mortgage payments, and many more are likely considering it. These are not people losing homes due to severe financial problems. “Walking away” now a...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoLast year, Paulette fell ill.Medical expenses swamped them. They tried to renegotiate their home loan with IndyMac Mortgage Services. Instead, IndyMac began foreclosure. The Steltons now rent a home. What ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoTara Blackwell and her husband sold their Fairfield house in December for about half of its original $825,000 price as a short sale, in which the bank agrees to accept less than is owed on the mortgage. Th...posted by Moe Bedard at LoanWorkout.org - 3 weeks ago“All these scams are like viruses or bugs — they adapt and modify,” Baker said. The FTC says the new scam is the offer of a home audit or lawsuit to get the lenders off your back. Don’t fall for it, or you...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoA lifelong banking-industry executive was arrested Monday on numerous charges, including allegations of defrauding regulators in connection with what prosecutors said was his desperate effort to save his N...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoLawsuits also are pending from unhappy investors who want refunds of their 20 percent deposits. They allege developers used misleading advertising and breached their contract for failing to finish the proj...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoA Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million. Federal prosecutors say 51-year-old Mario ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoThe latest Federal Deposit Insurance Corp. reports show that all eight of the national and regional banks doing business in the Pensacola area as well as five of the eight locally based banks are seeing th...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoOlympia – The Washington State Department of Financial Institutions is pleased to announce the signing of two requested bills offering stronger protection for consumers and establishing guidelines for more...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoOcwen offered the couple a minor modification, but they couldn’t afford it. They were told if they couldn’t make payments, their house would be foreclosed. “You feel like there’s no way out,” Jack said. Ac...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoCLEVELAND (AP) – The sheriff in Cleveland plans to bar the 36 appraisers working for his office from buying homes that have gone through public foreclosure. The move by Cuyahoga County Sheriff Bob Reid is ...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoSigns of financial stress are multiplying. His shop is often nearly empty. The landlord has put his building up for sale, after buying it less than two years ago. The small office building next door is und...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoA Potomac man who fled to Iran after embezzling millions of dollars from Washington-area banks was sentenced to nine years in prison. A federal judge also ordered 49-year-old Michael Milan to pay more than...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoPHOENIX—The five states hardest hit by the foreclosure crisis have been given only weeks to plan how to spend $1.5 billion in federal funding announced by the Obama administration last month. Guidelines is...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoCage bought this Tudor mansion in Bel Air, Calif., in 1998 from Tom Jones for $6.47 million. The house, which Dean Martin owned before Jones, has six fireplaces, including one in a bathroom. Cage put it on...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoThe Obama administration Friday said its mortgage modification program continued to make progress, with the number of homeowners receiving permanently reduced monthly payments in February increasing by 45%...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoPricey distressed properties are just a slice of the overall housing market, but a growing one, according to national reports and local real estate agents. They say the pain just took longer to penetrate t...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoBen Mayfield believed he had a deal that would save his dream home from foreclosure. His mortgage servicer, GMAC, slashed his monthly payment about 70 percent last July after he asked for a loan modificati...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoHomeowners are desperate and when desperation sets in, mistakes in judgement are made. Mistakes that may cost them their home. A Bakersfield, California woman, Zuleyka Ruiz had to find this out the hard wa...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoA little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoTUNKHANNOCK – A New Jersey woman who claimed to help people with potential foreclosure problems was sentenced in Wyoming County on Thursday for theft by deception. Shirley Matthews, 54, of Willingboro, N.J...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoJames B. Duncan, accused of masterminding a $142 million mortgage and securities fraud based in Murrieta, Thursday was denied a reduction of his $5 million bail by a judge who said Duncan poses a threat to...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoWith the Obama administration and private lenders actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisor...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoDonna McCartney made phone call after phone call and wrote letters about her family’s deteriorating financial predicament and their inability to make their mortgage payments. She appealed to her mortgage c...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoAbout 90,000 distressed borrowers have lost their mortgage aid under the government’s foreclosure prevention plan and many more are at risk of losing the help, according to Treasury data released Friday. M...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoGLENDALE, Ariz. — Struggling homeowners from across the Valley made their way to Glendale on Thursday to try and save their homes. They attended a workshop designed to help homeowners on the verge of forec...posted by Moe Bedard at LoanWorkout.org - 3 weeks agoJon Daurio, chief executive officer of mortgage investor Kondaur Capital, recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house. With the exchange, and a pay-off to a second...posted by Moe Bedard at LoanWorkout.org - 4 weeks agoA notorious Orange County, California loan modification law firm was raided by the FBI, Irvine Police and several other government agencies this afternoon in Irvine. The law firm and lawyers are no strang...posted by Moe Bedard at LoanWorkout.org - 4 weeks agoWashington – Bankruptcy attorneys may be more careful about how they advise their clients after the U.S Supreme Court’s holding this week that the communication and disclosure rules that apply to debt reli...posted by Moe Bedard at LoanWorkout.org - 4 weeks agoA Jersey City police officer was arrested yesterday by the FBI and charged in federal court with mortgage fraud for lying to a bank to secure a roughly $530,000 loan, authorities said. Brian Ragauckas, 36,...posted by Moe Bedard at LoanWorkout.org - 4 weeks agoIn a lawsuit filed Wednesday, attorneys with the Asian Pacific American Legal Center accused a Los Angeles law firm, Trinity Law Associates Inc., of defrauding at least 28 Korean immigrants out of thousand...posted by Moe Bedard at LoanWorkout.org - 4 weeks agoIn a letter to the CEOs of Bank of America, Wells Fargo, JP Morgan Chase and Citigroup, House Financial Services Committee Chairman Barney Frank wrote, “To save homes on a large scale, we must move past te...posted by Moe Bedard at LoanWorkout.org - 4 weeks agoIt doesn’t appear to be the first major project that’s run into trouble for Mendiola. He and another architect, Jess Gonzales, led a development team that built a lavish manor called “Essencia” on La Jolla...
Thursday, April 8, 2010
MOE BEDARD IS ALWAYS HARD AT WORK FOR THE HOMEOWNER
FRAUD? WELLS FARGO RECOGNIZES FRAUD BETTER THAN ANYONE!!
Wells Fargo charges a crowd of 'John Does' with fraud
The bank says federal officials are investigating an interstate scheme with fictitious accounts and misuse of its trademarks.
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You could call it a real whodunit.
Wells Fargo & Co. filed a federal lawsuit Tuesday in Minneapolis alleging that its trademarks are being used by an unknown group in violation of the Racketeer Influenced and Corrupt Organization Act (RICO). The suit says that "John Does 1-10," and possibly more, appear to be trying to convince investors that they have large amounts of money in Wells Fargo accounts, and that the money is available for financing and investing.In fact, the accounts are "entirely fictitious," says the San Francisco-based bank.
It's not known how many people are victims of the scam, according to the bank.
"There is an ongoing investigation and we do have federal involvement in the process of identifying several individuals" involved in the alleged scheme, said Felicia Boyd, an attorney with Barnes and Thornburg in Minneapolis who filed the lawsuit.
Bank officials began getting complaints last year about a phony letter that appears to be from a Wells Fargo branch in Los Angeles. It asserts that an individual in Renton, Wash., had $100 million on deposit and notes that the money is free of encumbrances and was derived from "non-criminal" sources.
Letter to Detroit Lakes branch
In March, an unknown individual presented a similar letter to a Wells Fargo branch in Detroit Lakes, Minn., seeking to verify the existence of $905,372,077.33 in an account at the same Los Angeles branch. Similar to the other letter, it says that "these funds are legally earned, good clean and cleared funds of non-criminal origin."Both letters, which were attached to the lawsuit, were purportedly signed by branch manager Tigran Sargisya. They list a phone number for verification purposes. While Sargisya is, in fact, a Wells Fargo employee, she did not sign or authorize the letter, the suit says.
The bogus phone number listed on the letter is a working number. Callers hear a recorded message that plays Wells Fargo music, states Sargisya's name and offers to take a message.
DAN HARRIS HAS A HEART FOR HOMEOWNERS
By Dan Harris
Will Buying A Dell Help Cause A Foreclosure?
"Dude You're Getting A Dell" could have a whole new meaning. It could mean another process server has dropped the foreclosure bombshell on another American Family suffering from the subprime mortgage crisis and a lousy economy.
That's right!!!
Michael Dell has joined forces with a few of the 21st Centuries newest Robber Barrons. MSD Capital, L.P. is part of the partnership formed to purchase Indymac from the FDIC. The new company is IMD Management Holdings and they are running One West Bank which is among the worst performing lenders/servicers when it comes to offering distressed borrowers assistance.
Calls to Dunes Capital and IMB Management Holdings are ignored as the new corporate philosophy of throw the deadbeats into the streets and tell them to go scratch has permeated the entire company.
Managers who under the supervision of Sheila Baird and the FDIC use to help borrowers with a true empathy now dish out the lies of their corporate masters. Customer service representatives now tow the company line and Deny, Deny, Deny is the new corporate motto.
In lawsuits, complaints and interviews, borrowers contend that Indymac (Now One West Bank) denied loan modifications because borrowers failed to submit unimportant paperwork; because Indymac phone log notes did not detail discussions correctly or at all; because paperwork sent had mysteriously disappeared and as such was deemed "never submitted", borrowers have been told routinely that "their investor doesn't allow modifications", borrowers have had "phony modifications" sent that were actually just a sleazy attempt at collecting arrears never intended to be really honored by the company and much, much more.
As I follow the exploits of borrowers who are unfortunate enough to have one of the Indymac Alt-A loans that were able to close within days of application because of lax underwriting guidelines and the knowledge that they could sell the "toxic paper" off their books before anyone would know the debt couldn't be repaid, I am reminded of the Francis Ford Coppola Movie "The Rainmaker".
Todays One West Bank follows the lead of the movies Great Benefit Insurance Company whose first, second and third courses of action are to deny a claim, hoping the people will give up or die. In one scene an insurance company employee reads a letter written to an insured "Dear Mrs. Black, On seven prior occasions this company has denied your claims in writing. We now deny it for the eighth and final time. You must be stupid, stupid, stupid."
I have seen letters to Indymac borrowers along the same lines, their newest tactic is a letter that explains how complicated it is for the "stupid, stupid, stupid borrower" to understand who the "investor" in their loan is.
These tactics are apparently very good for mortgage company profits.
How a man like Michael Dell whose philanthropic efforts are to be commended could be dragged into investing with the kind of creatures who would treat people this way is beyond me.
But it certainly begs the question, does the phrase "Dude You're Getting A Dell" now mean the same thing as "You've Been Served A Foreclosure Notice"?
Does Michael Dell actually subscribe to the philosophy of the Robber Barrons who deny, deny, deny in the hopes that suffering families will give up or die?
Come tell us your Indymac Horror Stories at: http://www.LoanModMan.com/
Dan Harris wrote the book on Loan Modification "How To Modify Your Mortgage". He can provide information on Foreclosure Avoidance Tactics, Loan Modification Strategies, New York Real Estate and more.
He can be reached at LoanModMan.com or LoanModBook.com ...
Contact the AuthorDan Harris
Loan Modification dan@loanmodman.com
More Details about Dude your getting a Dell - Indymac here.
HEY WELLS FARGO, YOU REALLY DON'T KNOW WHAT YOU'RE DOING, DO YOU?
DID YOU SEE THIS HOMEOWNERS?
GEE THANKS WELLS FARGO,
BUT YOU are JUST A LITTLE too late with that
JIFFY "fraud detection tool!" GOSH, WHAT A
SUPER NIFTY IDEA! HOW DID YOU THINK OF IT?
wells fargo SHOWS HOW LITTLE THEY TRULY KNOW ABOUT MORTGAGE LOANS. HomeownerS ALREADY pay for a little thing called title insurance.
Wells fargo, you are not fooling anybody with your Weak attempts to divert attention from the widespread Horrific fraud you have committed against investors And homeowners ALIKE have you no heart? It is going to take a great deal more than what A room full of wells fargo "damage control experts"
Can come up with in an afternoons brainstorm meetinG To recompense for damage done. Get out your checkbook.
I APOLOGIZE FOR MY CONTINUOUS RANTING HOMEOWNERS, I JUST CAN’T STAND WELLS FARGO PLAYING ‘THE PUBLIC IS OH SO STUPID' CARD.
“Wells Fargo Deploys Fraud Detection Tool”
IN NEWS RESIDENTIAL MORTGAGE
BY MORTGAGE.COM ON TUESDAY 06 APRIL 2010
IN NEWS RESIDENTIAL MORTGAGE
BY MORTGAGE.COM ON TUESDAY 06 APRIL 2010
First American CoreLogic, a member of The First American Corporation family of companies, reports that Wells Fargo is implementing its fraud-prevention tech solution, LoanSafe Fraud Manager.
In addition to the implementation at Wells Fargo, LoanSafe Fraud Manager is now in active evaluation with 10 other lenders, First American CoreLogic says.
LoanSafe Fraud Manager combines pattern recognition technology with property, loan and mortgage fraud data, and provides a risk score. First American CoreLogic has created patented fraud models that assign each loan a fraud-risk score spanning from one (lowest risk) to 999 (highest risk). By using these scores, lenders can realize revenue increases through quicker and more efficient underwriting and increase revenue by reducing default and foreclosure-related losses associated with fraud, the company says.
LoanSafe Fraud Manager now also offers improved reporting with more loan information categories displayed and alerts grouped by likely fraud types. Additionally, this new fraud detection solution offers more input fields for greater functionality and tracking, according to First American CoreLogic.
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Be happy, healthy and prosperous, but most of all, be blessed. 
Kelly L. Hansen
Jurisdictionary® just click on the link
Make Sure Your Attorney Is Working For You!
Kelly L. Hansen
HOMEOWNERS HELPING HOMEOWNERS FOUNDATION
33605 W. 88th Street
De Soto, KS 66018
913-269-0399 Phone
888-881-2349 Fax
MORTGAGE FRAUD VICTIMS
ARE YOU A VICTIM OF MORTGAGE FRAUD?
PLEASE DONATE TO HELP HOMEOWNERS!
Kelly L. Hansen
Jurisdictionary® just click on the link
Make Sure Your Attorney Is Working For You!
Kelly L. Hansen
HOMEOWNERS HELPING HOMEOWNERS FOUNDATION
33605 W. 88th Street
De Soto, KS 66018
913-269-0399 Phone
888-881-2349 Fax
MORTGAGE FRAUD VICTIMS
ARE YOU A VICTIM OF MORTGAGE FRAUD?
PLEASE DONATE TO HELP HOMEOWNERS!