Archive for March, 2012
Interpreting The Head-Scratching Unemployment Claims Data
Adapted from The Wall Street Examiner. Actual, not seasonally adjusted, initial unemployment claims totaled 319,349 last week, according to the Department of Labor tabulation of weekly data… Read more
Law Firm Pays $4 Million, Settles Foreclosure Abuse Probe
We are not big fans of the large mortgage lenders and servicers. MERS (Mortgage Electronic Registration Systems Inc.) is pretty far down on our list too. But besides from being overworked and… Read more
Whistleblowers Reaping Millions From Mortgage Crisis
Since February, all the focus of mainstream media has been about how much of the $25 billion mortgage settlement will filter down to homeowners. For many the relief comes too late, although… Read more
FHA Piles It On
Well, last month there were no FHA updates to report—but I just knew that the “silence” meant that they are dumping a bunch of changes on you—and what a dump It’s going to be. The big… Read more
Think You Have A Good Mortgage Fraud Case?
Many serious cases of fraud are not readily discernable. That should come as no surprise – those perpetrating the fraud spend much time and energy concealing it and convincing their victims that all… Read more
HARP 2.0 Refinance – “Responsible” Homeowners Get Their Reward
In November 2011 the Obama administration announced an overhaul on the Home Affordable Refinance Program (HARP). Much needed and anticipated, HARP Refinance 2.0 stands to provide relief to a LOT… Read more
Net Branches – Recipe for Mortgage Fraud
Mortgage net branches – they are everywhere. If set up properly they help people get into the mortgage business with low start up costs. The benefits include access to a national network, more… Read more
CoreLogic Data Shows House Price Declines Slowing
CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of… Read more
