Mortgage

Taking the Plunge: Considerations for First-Time Homebuyers in Today's Housing Market

Doug Lebda | Posted 05.18.2012

Read More: Housing Market, Buying a Home, Mortgage, Saving Money, First-Time-Buyer, Buying a House First Time Buyer, Money News
Doug Lebda

The housing market today is unpredictable which raises the question: how will the unstable housing market affect first-time homebuyers as they enter the market?

Read Post

A Dimon in the Rough

D. Sidney Potter | Posted 05.14.2012

Read More: Foreclosures, Citigroup, Volcker Rule, Wells Fargo, Derivative Fiasco Loss, Big Banks, Alley, Bank of America, JPMorgan Chase, Mortgage, The London Whale, $2 Billion Loss, Occupy Wall Street, Banking, Jaime Dimon, Real Estate, Business News
D. Sidney Potter

Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.

Read Post

Mississippi Woman Sold Wrong Foreclosed Home

The Huffington Post | Bonnie Kavoussi | Posted 05.14.2012

Read More: Terry Jordan Wrong House Mississippi, Foreclosure Crisis, Video, Mortgage, Terry Jordan Wrong House, Mortgage Mess, Mortgage Crisis, Terry Jordan, Foreclosure, Terry Jordean Mississippi Wrong House, Terry Jordan Mississippi, Mortgage Mess Terry Jordan Wrong House, Business News

The foreclosure crisis just resulted in a very expensive mix-up for one Mississippi resident. Terry Jordan was sold the wrong foreclosed home by h...

Read Whole Story

5 Ways To Stretch Your Dollar During Divorce

Brendan Lyle | Posted 04.23.2012

Read More: Divorce Litigation, Credit Card Debt, Mortgage, Divorce Finance, Child Support, Divorce Attorney, Divorce News
Brendan Lyle

The divorce process can be a harrowing financial ordeal. Following these 5 easy steps will assist you in making the path a far easier one to walk.

Read Post

Stories From the Frontline: Don't Drink the Yellow Kool-Aid

D. Sidney Potter | Posted 04.19.2012

Read More: Robo Signers, Mortgage, Tea Party, Wells Fargo, Banking, Mortgage Default, Big Banks, Bank of America, Mortgage Officers, Wall Street, Foreclosures, Loan Modifications, Greece, Alley, Whistleblowers, Business News
D. Sidney Potter

The banks' almost near-inability to properly staff qualified personnel was a part of the comedy of errors. As an example, some of it was lost in translation -- literally.

Read Post

Want an FHA Loan? Resolve Bad Debts First

Credit.com | Posted 04.18.2012

Read More: Unpaid Debt, Credit Score, FHA Mortgage, Mortgage, Collection Account, Bad Debt, Credit Report, FHA Loans, Fha Loan Requirements, Money News
Credit.com

The Federal Housing Administration (FHA) recently announced a policy change in how they will treat mortgage loan applications for those whose credit histories contain unpaid collection accounts.

Read Post

Stories From the Frontline: Why Is Mortgage Aid, Hater-Aid?

D. Sidney Potter | Posted 04.16.2012

Read More: Robo Signers, Mortgage, Wells Fargo, Occupy Wall Street, Banking, Real Estate, Glass Steagall Act, Big Banks, Mortgage Default, JPMorgan Chase, Citibank, Foreclosures, Business News, New York Times, Loan Modifications, Whistleblower, Business News
D. Sidney Potter

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

Read Post

Stories From the Frontline: Robo Signers vs. The Silent Enemy

D. Sidney Potter | Posted 04.10.2012

Read More: Foreclosures, Citigroup, Whistleblower, Glass Steagall Act, Wells Fargo, Greg Smith, Big Banks, Goldman Sachs, JPMorgan Chase, Mortgage, Loan Modifications, Robo Signers, Occupy Wall Street, Banking, Bruce Marks, Mortgage Default, Real Estate, Greg Smith New York Times, Business News
D. Sidney Potter

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

Read Post

Why 'For Sale By Owners' Miss 'The Right Buyer'

Trisha Ocona Francis | Posted 04.10.2012

Read More: Debt, Loan, Nyc, Economics, Ny, Financial Literacy, Economy, Buy, Jobs, Real Estate, Buyer, Seller, New Jersey, Luxury, Homeownership, Bank, Nj, Refinance, Money, Close, Negotiate, Home, New York, Owner, House, Mortgage, Purchase, Investment, Careers, Crisis, Credit Card, Broker, Agent, Savings, Business Finances, Cash, Sold, Business News
Trisha Ocona Francis

In this tough economic market everyone wants to save money, especially home sellers. A home seller may want to consider or even actually venture into ...

Read Post

Homeowners Stuck With High Rates Even After Refinancing Program

Posted 04.06.2012

Read More: Interest Rates, JP Morgan Chase, Foreclosure Crisis, Video, Mortgage, Freddie Mac, Wells Fargo, Inside Mortgage Finance, Bank of America, Home Affordable Refinancing Program, Fannie Mae, Hud, Homeowners, Foreclosure, Federal Trade Commission, Business News

By Cora Currier ProPublica Some homeowners are getting stuck with relatively high interest rates even after they participate in the government's p...

Read Whole Story

Big Bank To Pay Back Victims Of Improper Foreclosure

AP | DEREK KRAVITZ | Posted 04.03.2012

Read More: Foreclosure Crisis, Video, Saxon Mortgage Services, Mortgage, Morgan Stanley, Mortgage Crisis, Federal Reserve, Foreclosure, Ocwen Financial Corp., Fed Loans, Business News

WASHINGTON -- The Federal Reserve says Morgan Stanley will review foreclosures carried out by its old mortgage subsidiary and reimburse any homeowners...

Read Whole Story

Mortgage Giants Accused Of Spending 'Questionable' Amount On Conference

Reuters | Posted 05.21.2012

Read More: Mortgage Bankers Association, Video, Freddie Mac, Mortgage, Reuters, Mortgage Crisis, Federal Housing Finance Agency, Fannie Mae, Fhfa, Financial Regulation, Business News

WASHINGTON, March 22 (Reuters) - A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer fund...

Read Whole Story

Zach Carter

Foreclosure Activist Says $18 Million Doesn't Make Up For Homeowners' Harms

HuffingtonPost.com | Zach Carter | Posted 03.20.2012

Read More: Foreclosures, Foreclosure Crisis, Mortgage Settlement, Housing, Szymoniak, Lynn Szymoniak, Economy, Jobs, Foreclosure Fraud, Housing Crisis, Foreclosure Settlement, Video, Mortgage, Wall Street, 60 Minutes, Financial Crisis, Banks, Foreclosure, Business News

The last four years have not been easy for Lynn Szymoniak. Since early 2008, she has waged a seemingly endless series of legal battles against some of...

Read Whole Story

Ben Hallman

Housing Secretary To Underwater Americans: There's Help For You

HuffingtonPost.com | Ben Hallman | Posted 03.06.2012

Read More: Housing Market, Mortgage, Housing, Robosigning, Foreclosure, Underwater Homeowners, Shaun Donovan, Housing and Urban Development, Business News

For every borrower in immediate danger of losing a home to foreclosure, there are at least two more like Renita "Kay" Butler, who is current on her lo...

Read Whole Story

Six Signs You May Have Too Much Debt

Jennifer Streaks | Posted 05.05.2012

Read More: Debt, Signs of Debt, Having Debt, Mortgage, Financial Debt Signs, Loans, Signs of Financial Debt, Mortgage Debt, Student Loan Debt, Money News
Jennifer Streaks

We all carry some form of debt. Whether it be a mortgage, car note or student loans. Where you may run into trouble is when your debt starts to overwhelm and this can happen long before the bill collectors start calling.

Read Post

Arthur Delaney

Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing

HuffingtonPost.com | Arthur Delaney | Posted 03.02.2012

Read More: Mortgages, Treasury Department, HAMP Mortgage, Video, Foreclosure Crisis, Hamp, Mortgage Modifications, Mortgage, Home Affordable Modification Program, Foreclosure, Politics News

WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...

Read Whole Story

California AG: Let's Make Sure Lending Abuse 'Will Never Happen Again'

Reuters | Posted 04.30.2012

Read More: Fraud, Foreclosures, Video, Foreclosure Crisis, Freddie Mac, Mortgage, California, Kamala Harris, President Barack Obama, Reuters, Mortgage Crisis, Fannie Mae, Federal Housing Finance Agency, Homeowner Bill or Rights, Business News

* Kamala Harris continues fight against lenders * Six bills to protect borrowers from mortgage fraud * Follows settlemen...

Read Whole Story

Housekeeper Builds Garage-Sized Home on a Tiny Salary With No Mortgage (VIDEO)

Kirsten Dirksen | Posted 04.28.2012

Read More: Mortgage-Free, Debt, Downsizing, House Payments, Green Building, Small Space, Small House Movement, Small Home, Tiny Home Building Permit, Mortgage, Unemployment, Loan-Free, Tiny House, Home Size, Simple Living, Simplicity, Hawaii, Home Payments, San Francisco, Tiny Home, Mortgage Crisis, Homeowners, Mortgages, Video, Homeownership, Green News
Kirsten Dirksen

Johnny Sanphillippo has never made more than $20,000 per year (working mostly as a housekeeper), but he knew like "any other American" that he wanted to own his own home.

Read Post

Mark Gongloff

Who's Really Paying The Tab For The Mortgage Settlement?

HuffingtonPost.com | Mark Gongloff | Posted 02.18.2012

Read More: Mortgage Settlement, Mortgage, Mortgage Servicers, Mortgage Foreclosure, Hud, Banks, Foreclosure, Foreclosure Fraud, Big Banks, Foreclosure Settlement, Business News

Just who is paying for the big mortgage settlement, anyway? The Obama administration says it's the banks. Mortgage investors worry it will be them....

Read Whole Story

Catherine New

Who Does And Does Not Qualify For A Piece Of The $25 Billion Mortgage Settlement

HuffingtonPost.com | Catherine New | Posted 02.09.2012

Read More: Principal Reduction, JPMorgan Chase, Mortgage, Home Loan, Wells Fargo, Foreclosure Relief, Ally Bank, Mortgage Fraud, Bank of America, Homeowner, Refinancing, National Mortgage Settlement, Business News

The government's $25 billion settlement with five of the nation's largest banks could help up to one million homeowners. About $21.5 billion is earmar...

Read Whole Story

John Rudolf

Disgraced Mortgage Broker Pleads Guilty in Murder-For-Hire Plot

HuffingtonPost.com | John Rudolf | Posted 01.23.2012

Read More: Aaron Hand, Murder for Hire, Mortgage, Afg-Financial-Group, Mortgage Fraud, New York, Crime News

NEW YORK -- A disgraced broker already in prison for engineering a $100 million mortgage fraud pleaded guilty Monday to orchestrating a murder-for-hir...

Read Whole Story

Protests Intensify To Oppose Potential Federal Mortgage Settlement

Reuters | Posted 03.24.2012

Read More: Ally Financial Inc, Wells Fargo Co, The New Bottom Line, Mortgage Settlement, MoveOn.Org, President Barack Obama, Bank of America, Mortgage Crisis, Obama Administration, Democrats, JPMorgan Chase Co, Video, Mortgage, Wall Street, Reuters, National People's Action, Foreclosure, Citigroup, Business News

* Left-leaning groups protest foreclosure deal with top banks * Targeted Obama re-election headquarters in Chicago * Ne...

Read Whole Story

Hells Angels Ex-President Sentenced Over Mortgage Fraud

The Huffington Post | Harry Bradford | Posted 01.20.2012

Read More: Video, Housing Market, Foreclosure Crisis, Predatory Lending, Mortgage, Taylor Bean & Whitaker, Robo-Signing, Hells Angels, Jpmorgan, Lee Farkas, Mortgage Fraud, Bank of America, Mortgage Crisis, Business News

It's not just banks and lenders that can be accused of mortgage fraud. The former president of the Hells Angels Sonoma Chapter, Raymond "Ray Ray" ...

Read Whole Story

Rick Santorum's Questionable Financing

McLean Patch | Bobbi Bowman and Zandy Dudiak | Posted 03.19.2012

Read More: Mortgages, Rick Santorum House, Mortgage, Rick Santorum Residency, 2012 Election, Republican Presidential Candidates, Rick Santorum Virginia, Rick Santorum, Republican Presidential Candidates 2012, Rick Santorum 2012, Housing Finance, Rick Santorum Pennsylvania, Election 2012, Politics News

A search of land records for the $2 million Great Falls home of Republican presidential candidate and former Pennsylvania Senator Richard Santorum tur...

Read Whole Story

Katy Perry Downloads And Stolen Cars: Putting The Foreclosure Mess In Perspective

The Huffington Post | Harry Bradford | Posted 01.18.2012

Read More: Foreclosure Crisis, Mortgage, Lenders, Robo-Signing, Center for Responsible Lending, Mortgage Crisis, Federal Reserve, Foreclosure, William C. Dudley, Business News

How rotten is the state of the U.S. housing market? A foreclosed home for every single person currently living in Denmark still wouldn't exceed the nu...

Read Whole Story