Loan Modification

Loan Modification Firms Stimulating the Economy
By Moe Bedard A recent article in the Orange County Business Journal argues that Loan Modification firms are helping stimulate the local commercial real estate market as they?re snapping up office space left and right in Orange County, CA...

Loan Modification Firms Masquerading As Non-Profits
In a story on loan modification scams, Minnesota Public Radio describes one way that some firms are using to circumvent state law prohibitions on collecting upfront fees:[I]n Minnesota, it's illegal for so-called foreclosure consultants to demand money in advance for a loan modification...

Colorado, California Collaborate To Shut Down Loan Modification Scams
Buried in a recent story in the Rocky Mountain News on a homeowner claiming to have been screwed out of about $3,000 by a loan modification firm is this excerpt: [I]n addition to the [16 subpoenas sent to loan modification companies in Colorado, California and Arizona, Colorado director of the division of real estate Erin] Toll also recently entered into what she calls an "unprecedented

Illegal Loan Modification Firms Beware
Appearing on the MortgageOrb website is, what appears to be, a press release announcing: A new investigative firm has been created to contend with the growing number of illegally run loan modification and foreclosure rescue companies...

Alabama Issues Warning On Dealing With Loan Modification Firms / Foreclosure Rescue Operators; Says Charging Upfront Fees In State Prohibited
In Birmingham, Alabama, the Birmingham Business Journal contained this warning in an excerpt on a story on loan modification firms targeting Alabama homeowners: The [State of Alabama Banking Department's] Bureau of Loans Supervisor Scott Corscadden said consumers must [...

Insider Secrets Exposed or Business as Usual
By Moe Bedard Today?s ABA Banking Journalelicited 10 steps to insuring that when a bank offers a loan modification to one of its clients at the request of federal regulators that it doesn?t at the same time break further laws when offering a loan modification...

Whats a Home Loan Modification?
How to Qualify for a Home Loan Modification

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Hope Food Supply
ordered to shut down by FDA and recall seafood products

Whole Foods
And Other Firms Sued by California Attorney General,

Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act

Bank Transaction
City Bank president Mike Liner agrees to pay $25,000 fine for assisting in a cash deposit.

Bank Scandal
Swiss bank pays Parmalat $30 million bankruptcy settlement.

Wells Fargo Faces Loan Discrimination Class Action
Wells Fargo Faces Loan Discrimination Class Action