New details announced on Obama’s mortgage crisis investigation
In his State of the Union Address on Tuesday, President Obama announced the creation of a special new joint federal-state Task Force charged with investigating the mortgage crisis and the resulting...
View ArticleConsumer Beware: Scams Related to the National Mortgage Settlement
By Norma Garcia The Department of Justice and the 49 attorneys general who are parties to the National Mortgage Settlement reached on February 10th with the five major banks/servicers are warning the...
View ArticleReverse mortgage reforms needed to protect seniors
June 25, 2012 Consumers Union Renews Call for Stricter Oversight of Reverse Mortgages Consumer Group Promotes Reverse Mortgage Reforms As Lenders Mount PR Campaign And The CFPB Holds Hearing This...
View ArticleU.S. Sues Bank of America for Countrywide’s “Brazen” Mortgage Hustle
By Norma Garcia The Washington Post reported today that the top federal U.S. prosecutor in Manhattan filed a civil lawsuit against Bank of America for more than $1 billion for mortgage fraud. The...
View ArticleNevada Homeowner Bill of Rights
Nevada Homeowner Bill of Rights The purpose of the Nevada Homeowner Bill of Rights is to increase predictability for all parties involved in the foreclosure process and provide strong but fair...
View ArticleNew CFPB mortgage rules go into effect on January 10
Tuesday, January 7, 2014 New CFPB Mortgage Rules Go Into Effect January 10 Consumers Get New Safeguards to Protect Them From Mortgage Abuses WASHINGTON, D.C. – Starting January 10, consumers shopping...
View ArticleCFPB Raises Red Flags on Mortgage Lending and Servicing, Credit Reporting
The Consumer Financial Protection Bureau (CFPB) is working to make sure that financial services providers – like debt collectors and mortgage lenders – follow the law. They keep a close watch to keep...
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