Loan Modification

Subprime sense
Cato Institute's Alan Reynolds passes along some interesting observations regarding his review of subprime mortgages (see previous posts here). Among them are the following: Most current foreclosures are on prime mortgages, not subprime...

Homeowners who walk away are killing real estate values
Mark Zandi, chief economist for Moody’s Economy.com, said he expects the problem to get worse this year and next. “As people struggle to make ends meet, they will say this just doesn’t make sense” about continuing to make payments, he said...

FHA Insured Mortgages, a Disaster in the Making
``Currently, there are 555,000 FHA-insured homes which are delinquent 90 days or more. This figure has been rising steadily for three years... The cure rate for seriously delinquent mortgages has plunged to roughly 1%...

Sometimes walking away from your mortgage makes economic and ethical sense
Q. Many public figures are urging people to pay their mortgages even if they are “underwater.” What does Judaism say about this? A. Housing prices always have cyclical ups and downs...

Just what we needed, the return of no money down mortgages
Is a little common sense too much to ask from the do-gooder set? With foreclosure rates spiraling out of control, it would seem an odd time for the federal government and various state housing authorities to be promoting zero-down mortgages...

Senator McCaskil: Reverse mortgages may become the next sub-prime mortgages
"?While reverse mortgages are great for some seniors, too many of our greatest generation are being hoodwinked by misleading advertisements and predatory lenders looking to make a buck,? McCaskill said...

Reverse Mortgages
Consumer facts

The Paulson Toxic Mortgage Debt Security Act: The Biggest Government Bailout of All Time
Legislative Proprosal for Treasury Authority to Purchase Mortgage-related Assets

Zicam
allegedly damaging ones sense of smell and taste.

Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages

Albertsons et al.
allegedly injected dye into farm raised salmon to make it appear more palatable.

Holiday Inn Express
Complimentary simplySmartâ„¢ "Remove" Make Up Remover Recalled

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

82 Year Old
Awarded $6 Million in SJS Lawsuit