Archive for 'Uncategorized' Category
So is there a loan contract at all? Can you force the homeowner into a nonexistent contract without forcing the investors in also? The courts have been doing this for more than a decade — thus opening up a canyon of moral hazard for future generations. [the banks] have positioned themselves as apparent real parties […]
The fundamental problem is that while virtually anyone can be accepted as an expert, the weight given to their testimony is zero. The reason is simple. The author most often lacks any traditional credentials other than experience as a “forensic analyst” and their work product sounds pretty good to the homeowner but sounds like advocacy […]
When the courts finally come to terms with the fact that the “lenders” are an undefined and undisclosed group of investors who cannot be identified, they will then be required to deal with the the most basic issue of “what is an enforceable loan contract?” What seems obviously true is most probably wrong. THIS ARTICLE […]
What happened with Metric 31? Editor’s Note: This “go-ahead” may be why many LivingLies readers have recently received random notifications from Ocwen that they didn’t qualify for a loan modification when they never applied for one. In the past several months, borrowers have informed LendingLies that they received random notices from Ocwen that appeared to […]
http://www.nydailynews.com/new-york/queens/pols-blame-hud-leaving-black-homeowners-open-foreclosure-article-1.2783899 BY Jennifer Fermino A Department of Housing and Urban Development mortgage program that’s supposed to help struggling homeowners is actually leaving many of them vulnerable to foreclosure — particularly African Americans, advocates and politicians said Thursday. Many of the homeowners in danger live in southeast Queens, a bastion of black home ownership for generations. […]
http://www.dsnews.com/daily-dose/09-08-2016/homeownership-rate-foreclosure-generation Those born in the 1970s have fallen from having a 4 percent higher than normal homeownership rate in 2004 to a 7 percent lower than normal homeownership rate today, according to a report from John Burns, CEO of John Burns Real Estate Consulting. Burns states that the housing crisis hit those home buyers born […]
THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————- In an article published by Morgan, Lewis & Bockius LLP, it appears that the evasive true lender argument received new life in an ancillary proceeding before a Federal District Judge in California. By holding […]
http://www.nytimes.com/2016/09/09/business/dealbook/wells-fargo-fined-for-years-of-harm-to-customers.html?_r=0 For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. They created fake email accounts to sign up customers for online banking services. They set up sham accounts that customers learned about only after they started accumulating fees. On Thursday, these illegal banking practices cost Wells Fargo $185 million in fines, […]
Click in to tune in at The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays More than 40,000 people listen to the Neil Garfield Show. Maybe you should too. =============================== Tonight we will discuss a case that is so new the final judgment has not yet been entered. But it was […]
By the Lending Lies Team While the subprime mortgage bubble is simmering, the subprime auto loan meltdown has begun. Over the past decade, auto lenders have been willing to lend money to people who are poor credit risks, can’t provide proof of steady income, and purchase vehicles beyond their means. This strategy was profitable and […]
Search Our Blog
Categories
Contact Our National Headquarters Phone: 844-583-5339
Connect with us
Contact Our National Headquarters
- 844-583-5339
- Available 24/7
-
200 S. Andrews Ave. Ste. 604
Ft. Lauderdale, FL 33301