Four San Diego Loan Mod Cons Criminally Indicted by the DA
By Moe Bedard
The group, which was first investigated last March by The San Diego Union-Tribune, faces more than 54 charges, including foreclosure consultant fraud, grand theft and securities fraud. The group persuaded families to transfer ownership of their homes to two trusts, with the promise of helping modify and lower their mortgages
Defendants Edmundo Rubi, 52, and Joseph [...]
ABC News' 20/20 Probes Into San Diego Loan Modification Firm A recent investigative report on ABC News' 20/20 program probed into the activities of San Diego, California loan modification firm People's First Financial:[L]ast year, [Jay] Nichols was employed as a salesman at what he describes as an aggressive loan modification company, People's First Financial in San Diego...
Treasurys Actions: Pros and Cons Tax attorney and former bond trader Hale “Bonddad” Stewart provides a concise explanation of the initiatives Treasury announced this week– the Capital Purchase Program, debt purchases, and load guarantees: Troubled Asset Relief Program (Buying Debt/Loan/Mortgages) Pros It gets the assets off the books...