Thu
21
Jan

Consumer Groups Frustrated With Poor Performance of Bank of America in the Making Home Affordable Program

If you have been reading the posts here on my blog, you know that in the past I have commented on the poor performance of Bank of America in the Making Home Affordable Program.   The Largest Mortgage Company The Lowest Percentage of Permanent Modifications  On January 15, 2010, the U S Treasury released the monthly [...]


Sat
16
Jan

Memphis and Shelby County, Tennessee File Suit Against Wells Fargo Over Foreclosures

I don’t know if you saw or heard about it.   On December 30, 2009, the city of Memphis and Shelby County, Tennessee where Memphis is located filed a federal lawsuit against Wells Fargo.  The suit alleges that Wells Fargo had their loan officers steer members of minority groups who were buying homes and looking for [...]


Fri
18
Dec

High Noon in Ohio – Attorney General and American Home Mortgage Servicing Inc. Square off Against Each Other

On November 5, 2009 the gloves came off in the state of Ohio.  At stake is how much control can a state have over the way a mortgage company modifies loans for people facing foreclosure in that state.   Up until now mortgage companies have run their loan modification programs without any monitoring from state and [...]


Wed
16
Dec

U S Treasury Takes Next Step to Prod Mortgage Companies to Help Struggling Home Owners

Ever since the start of the Making Home Affordable Modification the mortgage companies have been slow in processing applications for loan modifications for people facing foreclosure.  Numerous times in past posts here on my blog I have commented on how poorly the companies have treated these people. Up until now the mortgage companies have controlled [...]


Tue
15
Dec

How Important Is It To Be Represented by an Expert in Loan Modifications?

You probably know already.  I recommend that people who are facing foreclosure and who want to save their homes get help from either a lawyer or an expert skilled in loan modifications.  The reason I do this is simple. Represented People Are More Likely to Save Their Homes On November 18 NeighborWorks America sent out [...]