The numbers are almost unbelievable however forecasters predict that within the next two years the number of home mortgage foreclosures will reach an overwhelming figure of twenty five million. The number of foreclosures since this housing crisis started in 2007 to present is just over eight million....

Economic reporter for the New York Times, Edward Andrews not only reported on the residential housing market boom but he also reported on the housing markets downfall. Andrews himself fell into financial disappear with his own mortgage crisis. Andrews in his book Busted he had done a marvelous job of...

Judge Jeffrey Tureck on Friday, September 18th denied BB&T’s request to hold a closed Federal Hearing involving Amy Stroupe who formerly worked for BB&T. Ms. Stroupe was fired from her position as an investigator for BB&T after she uncovered a North Carolina development scheme that cost...

Law makers are trying to pass bills to regulate the mortgage industry however they have meet with resistance from mortgage industry lenders and the Governor Arnold Schwarzenegger himself. Last year Schwarzenegger vetoed one that was similar. Law makers are looking for Governor Schwarzenegger to sign...

The Chief Executive Officers of Subprime Lending Institutions seem to have escaped prosecution in regard to fraud in the mortgage industry.  Attorney Generals across the Nation seem to be doing the “perp walk” for the lower level fraudsters in the mortgage industry but we have yet to see the upper...

Subprime lenders are lined up to received tax payer money to fix the subprime mortgage mess that has devastated the banking system.  Twenty one billion dollars that was ear marked to help bail out borrowers in the loans that these lenders created. The funds come from the Home Affordable Modification...

Countrywide Financial lost in its petition for relief from investor lawsuits against the Megabank. Countrywide Financial was seeking relief from investor lawsuits under the new legislation Helping Families Save Their Homes Act of 2009. The legislation provides that mortgage servicers that agree to modify...

Carrington Mortgage is a prime example of how some mortgage companies are benefiting from loan modifications. The lending industry has provided relief to at least four million homeowners over the last two years according the federal government, however not all loan modifications are equal. One homeowner...