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Save Your Home

The Blame Game: Treasury Department Blames Banks for Little Foreclosure Progress

Anna Cuevas | Posted 10.27.2012 | Money
Anna Cuevas

They face ongoing frustration in dealing with servicers while they implement their programs, time delays, lost paperwork, and stress. Add to that a lack of accountability on behalf of the banks and faulty practices like robo-signing, and homeowners are vulnerable to mistakes and wrongful practices.

Independent Foreclosure Review Process Flawed

Anna Cuevas | Posted 09.25.2012 | Business
Anna Cuevas

Federal banking regulators have called for Independent Foreclosure Reviews to determine if there were mistakes in the foreclosure process for loans in...

Foreclosure Related Suicide on the Rise

Anna Cuevas | Posted 09.16.2012 | Money
Anna Cuevas

Recent research concludes that there is a link between foreclosure rates and mental and physical health problems, as well as suicide attempts.

Wells Fargo Enters Into $175 Million Discrimination Settlement

Anna Cuevas | Posted 09.13.2012 | Business
Anna Cuevas

The United States Department of Justice has announced that Wells Fargo has entered into a $175 million settlement agreement as a result of allegations that it discriminated against black and Hispanic mortgage applicants.

Keep Your Home, California!

Anna Cuevas | Posted 07.10.2012 | Business
Anna Cuevas

According to the U.S. Treasury Department, California has been one of the hardest hit among state foreclosure rates. That standing made the state elig...

Bank of America Seeking Homeowners as Tenants

Anna Cuevas | Posted 07.08.2012 | Business
Anna Cuevas

In a pilot program, Bank of America will rent homes back to the homeowners who defaulted on their mortgage.

Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment

Anna Cuevas | Posted 07.04.2012 | Money
Anna Cuevas

Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.

Foreclosures Down, but Not for Long

Anna Cuevas | Posted 05.29.2012 | Money
Anna Cuevas

January and February saw declines in our nation's foreclosure rates, part of the ongoing stall while five major banks waited for the terms of a $26 bi...

Will 2012 Be a Good Year for Homeowners or Banks?

Anna Cuevas | Posted 03.21.2012 | Business
Anna Cuevas

What will happen is anyone's guess. But if 2011 was any indication of things to come, it's possible that banks will begin to make the necessary changes to stop the bloodletting?

HAMP's Second Lien Modification Saves Fewer Than 50% of Second Mortgages

Anna Cuevas | Posted 03.19.2012 | Business
Anna Cuevas

Through the 2MP initiative, services of second mortgages have the option to modify the lien or to extinguish it -- which is an admission that the mortgagor is not likely to be repaid for the second mortgage, and they clear their interest in the property by filing a lien waiver.

The Federal Reserve Discourages Foreclosures

Anna Cuevas | Posted 03.10.2012 | Business
Anna Cuevas

It took a while -- years, in fact -- but the Federal Reserve is finally stepping into the foreclosure crisis.

Is Your HAMP Loan Modification Process Leaving You Feeling Like You're in a Scene from Twilight

Anna Cuevas | Posted 03.07.2012 | Business
Anna Cuevas

Has the long, complicated HAMP loan modification process left you in the dark, confused or, even worse, without a clue about what's going on and what's expected of you? If so, you're not alone.

It Takes a Village to Stop the Foreclosure Crisis and Save Homes

Anna Cuevas | Posted 01.13.2012 | Business
Anna Cuevas

The foreclosure crisis isn't an isolated problem faced only by those who lose their homes. It's a national problem, and one that impacts every man, woman, and child--even those who aren't in danger of losing their home.