If collections made a debt settlement offer or a company made a foreclosure rescue offer read this first Our material is dedicated to the financial crisis of 2007, documenting the period before, during, and after. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. We are a watchdog and consumer advocacy organization.
Can you image how it would feel if your mortgage company sent the sheriff to evict you from your home, if you knew you were current and had the paperwork to prove it? One woman can tell you.
The case made the nightly news in Nashville tennessee, and the mortgage servicer was Saxon Mortgage. [...]
There are many people facing foreclosure. The situation is totally unacceptable. The number of older homeowners facing foreclosure, over 700,000 of whom are 50+, means it will be hard to recover in a slowing economy, and the fact that statistics are that high is also totally unacceptable. Imagine working all your life [...]
Now that mortgage rates are low what does it take to refinance your home? A recent analysis by Inside Mortgage Finance found that the average score for borrowers whose loans were sold to Fannie Mae and Freddie Mac was 748 out of a possible 850. Clearly many borrowers with impaired credit will not [...]
Today, about 80 percent of the $1.8 trillion in troubled mortgage loans belong to investors, according to Deutsche Bank. The rest are considered “whole loans,” held by banks or government-run mortgage giants Fannie Mae and Freddie Mac. Some people might not feel sorry for the investors, but others think investors were mislead about the [...]
Announced on November 12th, Citigroup Inc. said it will offer to modify terms on up to $20 billion in mortgages. The program will be extended to borrowers who are making their payments but are in danger of falling behind. It includes subprime borrowers as well as those with good credit who took out [...]
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