Posts Tagged ‘insurance paid off your loan’

Did Some Type of Insurance or Credit Default Swap Pay Off Your Mortgage?

Written on 3 Jul, 2013 at 7:24

I recently saw someone online saying that as a result of multiple insurance payouts a bank could receive millions of dollars on a $200,000 loan that went into default. It's just not true. There are lot's of reasons why... (Continue reading)

Discussing Foreclosure Crisis Solutions with Impac Mortgage CEO Joe Tomkinson

Written on 10 Jun, 2013 at 4:39

I think Impac has proven that it has the capability and desire to be a meaningful part of the solution to the foreclosure crisis... they successfully modified tens of thousands of loans, and in general, they got loans modified in... (Continue reading)

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Are Mortgages Fraudulent? The Case from Credit River.

Written on 25 Jan, 2013 at 20:22

It's perfectly understandable that many people don't know what to believe anymore, after all, what we've seen happen all around us could drive anyone a little batty. But, understand that holding onto something that's not true isn't going to... (Continue reading)

Tagged with: bailouts california homeowner bill of rights central banks diana olick economy ELLEN BROWN Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures fractional reserve banking fraudulent foreclosures HAMP how banks make money insurance paid off your loan loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman max gardner ml-implode mortgage backed securities mortgage crisis mortgage fraud mortgage refinancing mortgage servicers NACA public banking robo-signers securitization stopping foreclosures the credit river case the federal reserve Treasury Secretary Tim Geithner wall street bankers