Avoiding A Foreclosure Having to foreclose on a home can be a negative experience but avoiding a foreclosure doesn't need to be. Not only can it be destabilizing, but it can also create feelings of loss and sadness, especially when you’ve invested so much in the property. In light of this, doing … [Read more...]

  Our old friends at Wells Fargo are involved in yet another banking scandal. And this one is really bad… people wrongfully lost their homes and ended up on the street. But before I get into the details of this particularly atrocious mishap, let’s have a quick recap of Wells’ “greatest … [Read more...]

BANK OF AMERICA FIGHTS COURT BATTLE OVER PURGE OF NEARLY 2 BILLION FORECLOSURE RECORDS “The flow chart shows that Bank of America corrected the lack of endorsements on original notes in open, active foreclosures by using unauthorized workers to surrogate sign endorsements on original notes with … [Read more...]

  According to the recent data, the "Housing Market Headed For "Broadest Slowdown In Years." Fast forward to today, when we received the latest confirmation that the US housing market appears to have recently hit a downward inflection point: according to the just-released July 2018 U.S. … [Read more...]

 The Dark Side of Single-Family Rentals After the foreclosure crisis, global equity firms (the dark side) snapped up thousands of single-family homes to rent out. This massive shift in the market has not been good for aspiring homeowners, tenants, or neighborhoods. In 2011 single-family home … [Read more...]

  Compliance programs, auto insurance and mortgage problems cited by federal regulators Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co. don’t appear to have … [Read more...]

Troubled mortgage company Ocwen Financial fell into last place on JDPower’s 2018 survey of borrower satisfaction with mortgage servicers. Ocwen’s score of 667 on a 1,000-point scale was the worst showing among companies that collect loan payments, JDPower said Thursday. Quicken Loans had the … [Read more...]

Given the seemingly unceasing stream of scandal that has flowed out of Warren Buffett's favorite bank, Wells Fargo, it's hardly surprising that after doing everything from illegally repossessing the cars of American soldiers to fraudulently "cross-selling" credit cards and other products to millions … [Read more...]

A recent crackdown on loan churning promotes transparency, but more education is needed. By Kraig Spence, manager, Churchill Mortgage's Columbia, Maryland, branch | Housing may be one of the strongest sectors of the economy right now, but some 10 years ago the mortgage meltdown and resulting … [Read more...]