Posts tagged loan modification

• FBI: Beware of Loan Modification Scams

  Paul Kiesel | October 28, 2008 4:08 PM | 28 CommentsLos Angeles, CA Category: Miscellaneous
  

  According to the Justice Department, San Joaquin Valley has been a hotbed for foreclosure modification scams, as cities like Stockton, Modesto and Merced top the foreclosure rankings among cities...

• Need Money for a $6,000 Golf Outing? Just Ask the Government and Say You're Fannie Mae...

  Paul Kiesel | November 06, 2008 3:27 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  ...And then tell them that it's in order to keep you from going insolvent and to keep your business doors open. That was basically the ridiculous acknowledgment made by Fannie Mae on Tuesday...

• The Angelo Mozilo Reply

  Paul Kiesel | May 21, 2008 5:12 PM | 5 CommentsLos Angeles, CA Category: Miscellaneous
  

  Angelo Mozilo, the Chairman of Countrywide Financial Corportation, inadvertantly replied to an e-mail from a mortgagee (he meant to forward it on to other executives), Daniel Bailey Jr., who was...

• Schwarzenegger Unveils Part of California Economic Stimulus Package: 90-Day Freeze on Pending Home Foreclosures

  Paul Kiesel | November 06, 2008 2:47 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Yesterday, Governor Schwarzenegger proposed a 90-day freeze on pending home foreclosures to provide needed relief to a squeezed California economy and to provide more time for homeowners to seek a...

• Salon: Why Loan Modification Scams are Booming

  Paul Kiesel | September 24, 2009 6:28 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  FYI: Here's a link to a blog I wrote a year ago that portends what's being described in the article below. From Salon.com: During the go-go years of the real estate bubble, shady mortgage brokers...

• Lucrative Fees More Attractive to Loan Servicers than Modifications

  Paul Kiesel | August 04, 2009 4:21 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From The New York Times: This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward...

• L.A. Times: Real Estate Reality

  Paul Kiesel | January 26, 2009 4:35 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From the Los Angeles Times: As lawmakers look for a way out of the recession, it's worth remembering how we got into this mess in the first place. The collapse of the housing market sucked...

• Foreclosure Exposure

  Paul Kiesel | January 23, 2009 7:30 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  What are the foreclosure numbers nationwide? It appears nobody knows the exact numbers, but many fear it's much greater than what's been reported. Below is an article from CNNMoney that discusses...

• Rep. Barney Frank: No "Free Rides" for People Facing Foreclosures

  Paul Kiesel | November 13, 2008 4:22 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  House Committee on Financial Services Chairman Barney Frank noted yesterday that a bailout program for troubled homeowners is needed to prevent the foreclosure crisis from spinning out of control....

• Reuters: Microsoft Warns of Financial Crisis E-mail Scams

  Paul Kiesel | October 29, 2008 3:58 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Loan modification scams are becoming more prevalent as most of the nation, along with nefarious scam artists, is aware of the $700 billion financial bailout that was passed weeks ago. Congress and...