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Rise in Foreclosures

Foreclosures are on the rise. Why? and where are they happening the most? 

As the cost of living in the United States continues to climb for consumers, it is not a surprise that foreclosures are also on the rise. But why? Why are Foreclosures rising? And where are Foreclosures occurring the most? and why there most? Figures for May’s foreclosure-related filings, which include default notices, scheduled auctions and […]

Foreclosures are on the rise. Why? and where are they happening the most?  Read More »

Wells Fargo Fined $3.7 BILLION for shady foreclosure and loan modification actions

The Consumer Financial Protection Bureau (CFPB, the single and strongest point of oversight for enforcing banking and consumer laws) has reached a final agreement with Wells Fargo. The much too often in the news company has been ordered to pay $3.7 billion for the widespread and systemic abuse of customers. In the Bureau’s findings, Wells Fargo’s long list of improper

Wells Fargo Fined $3.7 BILLION for shady foreclosure and loan modification actions Read More »

Experian, TransUnion, Equifax, could have violated credit reporting rules during Pandemic forbearances, says Rep. Jim Clyburn

The Federal Government placed strict rules in place after the 2020 Pandemic to ensure homeowners who fell behind on mortgage payments as a part of the Covid-Forbearance plan, would not have their credit impacted with negative reports (late payments, foreclosures, etc). as the pandemic draws to a close, millions of homeowners are dealing with issues

Experian, TransUnion, Equifax, could have violated credit reporting rules during Pandemic forbearances, says Rep. Jim Clyburn Read More »

Federal Reserve's role in mortgages

The Federal Government’s $2.7 Trillion dollar mortgage problem that is not being discussed!

The Federal Government’s role in the Mortgage and Real estate market has grown to an alarming position. Stepping in during the pandemic to ease the stress on the market was essential. This increased position of power & risk now places greater pressure on the overall stability of the market. If you bought a home or

The Federal Government’s $2.7 Trillion dollar mortgage problem that is not being discussed! Read More »

Foreclosure Servicers

Foreclosure Mortgage Servicers should expect much more Scrutiny from Regulators in 2022.

For months, Foreclosure Mortgage Servicers, Mortgage Lenders, and Foreclosure Specific Law firm’s have been gearing up, scaling up, and preparing for a large influx of foreclosure activity on their book. This anticipated foreclosure boom has garnered the attention of Federal Regulators who want to avoid a repeat of the 2007-2010 Foreclosure Explosion. According to Fitch Ratings,

Foreclosure Mortgage Servicers should expect much more Scrutiny from Regulators in 2022. Read More »

Attorney Generals from 20 states take aim at Mortgage Companies due to FHA related loan modification inaction!

The group of Attorney Generals claim mortgage servicers either failed to follow FHA loan modification guidelines, or maliciously chose to ignore the rules. Effectively putting homeowners who are in hardship in even worse situations.  Either incompetence or malicious intent, it is the homeowners who suffer! What is the FHA? The FHA (Federal Housing Administration) is a government agency

Attorney Generals from 20 states take aim at Mortgage Companies due to FHA related loan modification inaction! Read More »