Mortgage Relief Project

Foreclosure Review May Bring Light at End of Tunnel

Posted on August 28, 2012 by project

August 23, 2012 By Christie J. McCravy We all know that many in our community were affected by the housing crisis. Foreclosures affected households from the West Louisville to Lake Forest. But did you know that there is a federal … Continue reading →

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More options to rent your foreclosed home

Posted on August 27, 2012 by project

(CBS MoneyWatch) August 21, 2012 Citigroup joined a growing number of major national lenders that are letting struggling homeowners stay in their homes by renting. Fannie Mae and Freddie Mac, along with Bank of America, are offering various programs where … Continue reading →

Multistate foreclosure settlement: Judge considers use of Arizona’s $50M cut

Posted on August 25, 2012 by project

Thursday, August 23, 2012 8:31 AM MST TriValleyCentral.com By PAUL DAVENPORT Associated Press PHOENIX — While critics say the money should be used to help mortgage borrowers, a lawyer for the state said Wednesday that Arizona is entitled to use … Continue reading →

California Cities Rank Highest in Foreclosures

Posted on August 24, 2012 by project

Huffington Post By, Anna Cuevas Posted: 08/21/2012 12:47 pm July foreclosure data reveals that California ranks highest in foreclosure in the nation. Riverside, California, ranks second highest among U.S. cities, topped only by Stockton, California, which is ranked number one. … Continue reading →

Foreclosure crisis hurts everyone

Posted on August 22, 2012 by project

Enterprisenews.com August 20, 2012 EASTON - Attended a meeting of the Brockton Mayor’s Task Force on Housing and Foreclosure. In existence since 2004, the task force is dedicated to helping people from all over the Greater Brockton area remain in … Continue reading →

The top 6 mortgage mistakes

Posted on August 19, 2012 by project

By Mark Riddix | Investopedia.com – Fri, Aug 17, 2012 3:47 PM EDT During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. … Continue reading →

Consumer Agency Takes Heat on Mortgage Plan — From Consumer Groups

Posted on August 16, 2012 by project

The Consumer Financial Protection Bureau (CFPB) is receiving heat from an unexpected source — the consumer groups advocating for people the agency was created to protect. The agency, a creation of the Dodd-Frank financial reforms, is no stranger to being … Continue reading →

Homeowners Associations Foreclose on Banks

Posted on August 16, 2012 by project

Courier-Journal Written by McClatchy Some Florida homeowners associations are foreclosing on some of the nation’s largest banks, accusing the lenders of failing to pay thousands of dollars in maintenance fees on repossessed properties. The foreclosure filings are a growing trend … Continue reading →

BofA Foreclosure Unit Must Heed Rules to Return: State AG

Posted on August 15, 2012 by project

By Andrew Harris - Aug 15, 2012 2:53 PM PT Bank of America Corp.’s ReconTrust Co. unit, sued by Washington state for failing to comply with laws on foreclosure trustees, can’t do business there until it meets state criteria, Attorney … Continue reading →

Big Banks Pushed to Outsource Mortgages

Posted on August 14, 2012 by project

By: Diana Olick CNBC Real Estate Reporter In the wake of the financial crisis and still in the midst of the foreclosure mess, the Consumer Financial Protection Bureau announced new rules for mortgage servicers designed to protect borrowers and get … Continue reading →