BusinessWeek Subprime: Borne of Sleaze, Bribery, and Lies Friday November 14, 8:08 am ET By Mara Der Hovanesian It may seem like ancient history now, but not long ago the mortgage industry was turning ordinary people into millionaires. One of them was Sharmen Lane, a high school dropout who, like many other young women during the boom, found her way…[...]

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QUESTION: I want to confirm something with you: 1.  TILA does not apply to purchase money. 2.  TILA apply to refinance of mortgage. Is that correct? ANSWER: This is a far more complex question than it appears. Normally it would be simple. But in the context of the mortgage meltdown of 2001-2008 there are more questions than answer. Yes, on its face,…[...]

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For the most part they are operating either illegally or unethically but there are an increasing number of firms that are playing by the rules and actually helping their clients. beware-of-credit-repair-firms-but-dont-throw-the-baby-out-with-the-bathwater DISCLOSURE: I must disclose both an agenda and an interest here. Having been disappointed by the results or conduct of many supposed "audit" or loss mitigation or loan modification…[...]

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Most of the credit repair, TILA audit, Loan mod etc firms are incompetent, perhaps dishonest, and definitely misleading. BUT SOME ARE ON THE LEVEL. CHECK IT OUT. GET REFERENCES -- REAL REFERENCES. FTC Sues “Credit Repair” Firms for Misleading Consumers By Craig Andresen, Attorney at Law on Nov 15, 2008 in Credit, Bankruptcy, and Society, Life After Bankruptcy On October…[...]

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March 6, 2008, 11:50 am Foreclosure Legal Work: A Shoddy, Assembly-Line Practice? Posted by Dan Slater Does flat-fee pricing foster assembly-line lawyering? That’s what U.S. bankruptcy judge Jeff Bohm suggested in a decision, entered yesterday, in a consumer bankruptcy case involving Countrywide and a Texas homeowner. While Judge Bohm declined to enter sanctions against Countrywide and its lawyers from two…[...]

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November 30, 2007, 9:10 am Law Blog Lexpionage: “Foreclosure Mills” Posted by Peter Lattman Are you hip to the Web site Word Spy? It’s a fun one for all you language lovers out there. Its founder describes its mission as “lexpionage” — sleuthing out new words and phrases. Recent entries include “stroller envy,” feelings of envy directed at high-end baby…[...]

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Foreclosure Mess: Two Different Plaintiffs Claim to Own Same Mortgage Posted By Amir Efrati On November 14, 2008 @ 1:38 pm In Global | No Comments It’s been a while since we revisited the foreclosure crisis, which has obviously gotten worse. Foreclosure numbers are skyrocketing, while numerous states, the federal government and financial institutions are tackling the issue in various…[...]

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From: April Charney [mailto:April.Charney@jaxlegalaid.org] Foreclosure Mess: Two Different Plaintiffs Claim to Own Same Mortgage Posted By Amir Efrati On November 14, 2008 @ 1:38 pm In Global | No Comments It’s been a while since we revisited the foreclosure crisis, which has obviously gotten worse. Foreclosure numbers are skyrocketing, while numerous states, the federal government and financial institutions are tackling…[...]

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We are besieged here with "offers of service" who wish to leverage off the success of this site to get business for themselves. We support the notion that people should develop a business model in helping people and which makes money for them. Beware of people if they demand large sums of money up front. A simple TILA Audit should…[...]

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Nearly three weeks ago, Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation, told Congress that the agency was working closely with Mr. Paulson’s department to develop a robust anti-foreclosure plan. Since then, the Treasury Department has balked and equivocated while the White House has argued that it is already doing plenty to help homeowners. After a year of…[...]

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