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Borrowers

You Are Not Defeated: There Is Still Hope

Tenille Livingston | Posted 06.11.2014 | Healthy Living
Tenille Livingston

From the outside looking in many households have it all together, but yet many are living above their means. Families all across the country are strug...

Mortgage Modification Litigation Continues

Brad Reid | Posted 07.23.2014 | Business
Brad Reid

Statutory language may be narrowly interpreted by courts. Federal legislation may preempt state legislation. The "third wave" of mortgage modification litigation will likely continue for some time with lenders frequently prevailing.

Credit Relationships Are Contractual, Not Confidential

Brad Reid | Posted 01.30.2014 | Business
Brad Reid

When borrowing money, carefully understand the contract. Ignore oral statements and set aside ideas of "fairness." Rights and duties are controlled by contractual language.

The Unclean Hands Doctrine Prevents Foreclosure Challenges

Brad Reid | Posted 06.23.2013 | Business
Brad Reid

Very recently the unclean hands doctrine is being applied to borrowers in situations in which a lender's conduct concerning a real estate mortgage is challenged by the borrower.

'Adding Insult to Injury:' After Son's Apparent Suicide, Mother Charged $14,000 in Taxes for Parent Plus Loans

C. Cryn Johannsen | Posted 11.13.2012 | College
C. Cryn Johannsen

Roswell Friend, 22, went for his last run on August 18, 2011. Images of him running were captured by security cameras at Temple University -- where he had been a student.

U.S. Government Targets Student Loan Default

Posted 07.02.2012 | Education

Those who default on their student loans are at risk of having their bank accounts drained and wages garnished — more than 30 years after the fact, ...

Foreclosure Victims Get Another Underwhelming Payday

The Huffington Post | Alexander Eichler | Posted 06.22.2012 | Business

For homeowners trying to get reparations in the wake of the foreclosure crisis, it's been a hit-or-miss experience. This week, another group of Americ...

Watchdog To Propose New Rules That Could Save Homes

AP | DEREK KRAVITZ | Posted 06.10.2012 | Business

WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate a...

A New Kind of Killer App: RoboSigning 2.0

Bill Bartmann | Posted 04.23.2012 | Business
Bill Bartmann

You'd think that if debt collectors were suing you, they'd want to make a big deal out of it, right? Wrong: Their preferred method of delivery was a plain, first-class letter. Why? Because the mere fact of mailing was considered proper notice.

Some States Using Funds From Foreclosure Deal To Close Budget Gaps

The Huffington Post | Alexander Eichler | Posted 02.10.2012 | Business

Well, that was fast. Two states have already announced that they won't be using all of their share of the $25 billion allocated in Thursday's hist...

Loren Berlin

80 Percent of 'Eligible' Homeowners Can't Be Helped By Federal Program

HuffingtonPost.com | Loren Berlin | Posted 01.10.2012 | Business

Less than 20 percent of homeowners who theoretically qualify for a government mortgage modification are actually eligible, according to data released ...

Occupy Bankruptcy!

Stephen Hren | Posted 01.12.2012 | Business
Stephen Hren

Bankruptcy laws need to be as liberal and generous to the borrower as possible. This ensures that the lenders, the wealthy and the investment banks, actually accept their share of the risk.

Millions In Refund Checks Mailed To Countrywide Borrowers

AP | Posted 09.19.2011 | Business

WASHINGTON -- Hundreds of thousands of homeowners who took out mortgages with Countrywide Financial Corp. will soon receive their slice of a $108 mill...

Foreclosures Fell By Nearly One-Third In First Half Of Year

AP | By ALEX VEIGA | Posted 09.13.2011 | Business

LOS ANGELES -- The number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result...

Foreclosure Notices Being Issued Via Facebook

Time | TARA-NICHOLLE NELSON | Posted 09.11.2011 | Business

The most distressing content most of us have ever seen on Facebook falls within the realm of the overshare: your boss's Vegas stag party pics, or your...

Wells Fargo Now Offers Fixed-Rate Student Loans

Posted 08.08.2011 | Business

NEW YORK (AP) — Wells Fargo is hoping to make its student loans more attractive to families. The San Francisco-based bank says it is now offering...

Fannie, Freddie Completing Fewer Mortgage Modifications

Posted 08.07.2011 | Business

WASHINGTON - The number of loan modifications and mortgage repayment plans completed by Fannie Mae and Freddie Mac declined in the first quarter o...

Fed Proposal Would Tighten Mortgage Lending Standards

Posted 06.19.2011 | Business

WASHINGTON (Dave Clarke) - Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving th...

Homeowners Unlikely To Benefit From Mortgage Lender Settlements

Daily Finance | Catherine New | Posted 06.15.2011 | Business

Will homeowners see a penny of the reimbursements that the government has ordered 16 mortgage lenders to pay? Not likely, foreclosure victims and hous...

Debtors' Prison in 2011

Wall Street Journal | JESSICA SILVER-GREENBERG | Posted 05.25.2011 | Business

Some lawmakers, judges and regulators are trying to rein in the U.S. debt-collection industry's use of arrest warrants to recoup money owed by borrowe...

The 10 Major Conclusions Of The Financial Crisis Commission

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

In a report released today, the Financial Crisis Inquiry Commission found that "reckless" Wall Street firms, an abundance of cheap credit and "weak" f...

Avoid Foreclosure With The Kindness Of These Strangers

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The great American Dream of owning a home has never looked so impossible to achieve: roughly 1.65 million homes are in the foreclosure pipeline, housi...

Let's Recall Toxic Mortgages

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

The news is now filled with SEC accusations that Goldman Sachs defrauded investors who bought mortgage-backed securities, allegations Goldman Sachs st...

1 Out Of 4 Borrowers In Anti-Foreclosure Program Are Late Paying New Mortgage Bill

Washington Post | Renae Merle | Posted 05.25.2011 | Business

So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an a...

Economic Colonization: The Rich Profiting from the Poor is Not the Way to Handle Microfinance

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

What is the point of microfinancing the poor build up small businesses if it is only to eventually provide wealthy, Western-owned businesses and individuals with even a larger share of the world's wealth?