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...

Umberto Fusaro came from Italy and settled in Stamford, Connecticut. He was a construction worker and saved his money to purchase the pair of matching homes on West Main Street that were built by twin brothers originally from Russia and it only seemed fitting to purchase the homes as he was a twin himself....

Federal authorizes in Denver Colorado have uncovered a extremely elaborate organized crime ring that has cost banks around the United State approximately eighty million dollars. Documents filed in the United States District court of Denver state that the ring recruited about seven hundred immigrants...

Melissa Dawn Garica, 28 of Watsonville is currently serving a four-year prison sentence for charges brought against her involving a home loan modification scheme. However, she is also charged in cases in Monterey County and is providing testimony against Maria de Lourdes Ponce, 51 and Fabian Olivarez...

The Treasury has stepped up and shot out reports to show that mortgage servicers are moving to slow in assisting the average Joe with mortgage modification. The report shows that only about nine percent of homeowners who are eligible have had their mortgage modified. The Administration has pledged $75...

Reports have come out on how the leading Mortgage Companies have been performing with The Obama Administrations, Making Home Affordable Plan. Mortgage Companies have come out on the defense as to why they haven’t done more volume. The report shows that the following companies are among the worst performers...

Originaly by Mary Kane: A year after calls for reform, borrowers still forced to waive rights for loan modifications.  WASHINGTON, D.C. — Even as the Obama administration presses the lending industry to get more mortgage loans modified, the practice of forcing borrowers to sign away their legal rights...

Originaly by DataQuick: La Jolla, CA.–Lenders filed a record number of mortgage default notices against California homeowners during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity, a real estate information...