Recent News
Bank of America Halts All Foreclosures In All 50 States
The headline pretty much says it all. Click here for the full story from the Wall Street Journal. This results from the recent scandal involving improper documentation discovered in the foreclosure processes of most major national mortgage companies. If you are facing...
Beware of Internet Payday Loan Collection Calls
An excellent alert from the Kentucky Department of Financial Institutions on payday loan scam calls. These companies seem to proliferate the internet, and, as the alert points out, are illegal in Kentucky. Beware of these scams and don't fall prey to their tactics. ...
Parents of New College Students, Beware !!
A new debit card product has been developed by a company called Higher One. It is offered at many college campuses by the college or university itself to the parents and students. Often, the students excess scholarship or grant money is placed on the Higher One...
The New York Times Continues To Lead With Stories About Mortgage Foreclosure Fraud By Banks
As the stories continue to trickle out about Mortgage companies committing fraud in the foreclosure process, the New York Times continues to lead, as they have all week, with stories about this abuse. If you currently have a home in foreclosure, contact an attorney...
Chase joins GMAC in suspending foreclosures due to paperwork irregularities – WSJ
"J.P. Morgan Chase & Co., acknowledging possible problems with documents it filed on mortgage foreclosures, said it was suspending the foreclosures until a review of its filing process is completed. The company said the suspension affected 56,000 home loans that...
Debate might give new life to residential mortgage cramdown legislation
"A research paper from two economists at the Federal Reserve Bank of Cleveland contends that if what happened during the agricultural lending crisis of the 1980s is any indication, the actual negative effect of cramdowns is only minor." This report could cause...