HAMP has to be one of the least popular government programs ever. The irony is that it also became the best answer for modifying loans to prevent foreclosures.... (Continue reading)
Constitutional law scholar and Dean of UCI Law School, Erwin Chemerinsky talks with me about the Trump Presidency in terms of what he thinks Trump will be able to do... and what our constitution won't allow him to do.... (Continue reading)
Trump is now saying that there’s a conspiracy to throw votes to Hillary by casting ballots on behalf of dead people... and that’s simply not true.... (Continue reading)
Can Trump do what he's promised related to immigration? Are there millions here illegally that are criminals? And are "sanctuary cities" the problem or the only practical solution?... (Continue reading)
It's the Obama Administration’s handling of the foreclosure crisis has left millions of Americans so mad they can’t see straight and at this point, don’t want to try. Want to know what created Trump v. Hillary? Maybe that... (Continue reading)
It’s only a few weeks until Election Day and we’re still talking about irrelevant nonsense, split down the middle, locked in a deepening deadlocked partisan divide.... (Continue reading)
No one should write about a HECM reverse mortgage as being good or bad, because it depends on so many variables… and 94% of homeowners with a HECM say it gave them peace of mind.... (Continue reading)
Fannie Mae and I apparently agree on one thing… the candidates are both missing the boat by ignoring future U.S. housing policy in their respective campaigns. ... (Continue reading)
See, I thought that working at a bank like Wells Fargo would mean having to persuade customers to open new accounts. So, obviously I'm no Carrie Tolstedt.... (Continue reading)
Banks are still breaking into homes they don't own and homeowners are still coming home to find that all of their belongings are gone... sold or dropped off at the dump. Nick Wooten has a plan to make them... (Continue reading)
There's no better tool for downsizing in retirement than the HECM for Purchase, a mortgage insured by the FHA. So why do so few homeowners and/or Realtors know anything about it? ... (Continue reading)
Homeowners with significant amounts in their retirement accounts can often benefit from using the HECM because it’s a tax free source of funds.... (Continue reading)
Specialized Loan Servicing (SLS) has agreed to provide Mrs. Presterl with a loan modification so she will not lose her home after all!... (Continue reading)
This story epitomizes why we as a nation needed to do more, not only to prevent foreclosures, but also to stop the scammers targeting those at risk of losing homes.... (Continue reading)
The reverse mortgage didn’t cause Mr. Feil any harm. In fact, it’s because of the HECM reverse mortgage that Mr. Feil was able to keep the home instead of losing it to foreclosure.... (Continue reading)
RealtyTrac's June foreclosure report puts the best possible face on the foreclosure crisis, instead of admitting that it's far from over... and that HAMP needs to be extended. ... (Continue reading)
Credit damage occurs when a bank, other debt collector or a credit reporting agency causes negative information to appear on your credit report.... (Continue reading)
Shelter Growth Capital Partners, founded by ex-Goldman execs, buy foreclosed homes on the cheap and re-sell them for tens of thousands more at 10% interest rates. From the people who brought you the foreclosure crisis... get ready for the... (Continue reading)
My point is that Kadlec does a decent job writing about the new HECM reverse mortgage… not a great job, but one that’s better than most. And that’s encouraging.... (Continue reading)
Forecast are predicting home prices will fall over the next 2-3 years. Some say by 10 percent, others say as much as 20 percent. Either way, no credible source is saying averages will rise in the 2-3 years.... (Continue reading)
The reason foreclosures won't stop is that life events won't stop happening, and we're no longer able to borrow our way out of trouble.... (Continue reading)
Los Angeles attorney, Mark Didak, who wrote an amicus brief in the Yvanova v. New Century Mortgage case, shares views and excitement related to the decision.... (Continue reading)
Richard Antognini is the lawyer who took the Yvanova v. New Century Mortgage case to California's Supreme Court. Don't miss what he has to say about the case.... (Continue reading)
Max Gardner is one of the superstar lawyers of the foreclosure crisis. Here's a chance to hear his analysis of the recent California Supreme Court decision that everyone's talking about.... (Continue reading)
In Yvanova, the court didn’t say whether her claim that the trust didn't own her loan would prevail, only that a borrower now has standing to make that claim.... (Continue reading)
Learn the most up-to-date loss mitigation & legal strategies, based on new state & federal statutes that have dramatically changed the playing field.... (Continue reading)
Senate Bill 1150... “clarify the responsibilities of a mortgage lender when a borrower dies and passes the home along to a survivor who wishes to assume the home loan.” Lenders say that widows and heirs, if not on the... (Continue reading)
Who wouldn’t want a line of credit that’s guaranteed to increase every year even if the home’s value remains flat or goes down. Nothing does what the HECM Line of Credit does.... (Continue reading)
I’ve found that most homeowners are dramatically overestimating their ability to pay off mortgages in retirement and/or access the equity in their homes once retired.... (Continue reading)
It seems like only yesterday that I was writing about mortgage servicing's latest disaster-in-the-making, Nationstar and today the company's stock sank to a new single-digit low of $8.99.... (Continue reading)
Just when I was sure that no servicer could be worse than Wells Fargo or HSBC... here comes Nationstar, a servicer seemingly dedicated to reaching new lows.... (Continue reading)
The headline in the OC Register about California no longer being the foreclosure kingpin is just flat out misleading.... (Continue reading)
I wonder how many people chose foreclosure last year because the Act had not been extended… only to find out now that Obama made the extension retroactive.... (Continue reading)
California's Supreme Court has ruled... assuming a purchase money mortgage, homeowners don’t have to worry about deficiency judgments regardless of whether foreclosure or short sale.... (Continue reading)
President Obama extended the Mortgage Forgiveness Debt Relief Act through December 31, 2016. The extension is retroactive and covers mortgage debt cancelled in 2015. ... (Continue reading)
The question is how you can determine whether the damage done to your credit reaches the degree that it makes sense to try to recover monetary damages as part of a lawsuit.... (Continue reading)