Posts tagged tila violations

• 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...

• FBI Investigating IndyMac for Fraud, TILA Violations

  Paul Kiesel | July 16, 2008 6:41 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  CNN reports that the FBI is currently investigating IndyMac Bancorp for fraud. The federal government is likely looking into whether IndyMac committed fraud when it made home loans to subprime...

• Bernanke, Greenspan and Paulson were Wrong on Fannie and Freddie, Housing Crisis

  Paul Kiesel | September 08, 2008 5:38 PM | 2 CommentsLos Angeles, CA Category: Miscellaneous
  

  On July 16, Federal Reserve Chairman Ben Bernanke told Congress that he believed Fannie Mae and Freddie Mac would be able to make it through the storm of the U.S housing crisis. In front of...

• Home Loans Past Due or in Foreclosure in California: 1-in-9

  Paul Kiesel | December 05, 2008 5:58 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The biggest economic news of the day had to be America's economy shedding over 500,000 jobs last month, a number that has not been exceeded in one month in 34 years. However, below are two...

• 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...

• JPMorgan Chase: 90 Day Foreclosure Moratorium

  Paul Kiesel | November 03, 2008 8:10 PM | 2 CommentsLos Angeles, CA Category: Miscellaneous
  

  JPMorgan Chase will not be putting any more homes into foreclosure over the next 90 days, as it comes up with a loan modification plan geared towards keeping borrowers in their homes. In a press...

• If You Have an Option ARM Loan with FDIC IndyMac, Read This!

  Paul Kiesel | October 10, 2008 9:47 PM | 10 CommentsLos Angeles, CA Category: Miscellaneous
  

  Any Californian who has a Pay Option ARM loan from IndyMac (now FDIC IndyMac) that was originated between 2004 and 2007 and has faced or will be facing an interest rate reset (ballooned monthly...

• Washington Mutual's Lending Operation: A Boiler Room Environment

  Paul Kiesel | November 04, 2008 3:26 PM | 5 CommentsLos Angeles, CA Category: Miscellaneous
  

  Yesterday, the New York Times reported on a senior mortgage underwriter who had, previous to the subprime and pay option ARM loan boom, been proud of her ability to spot fraud and other problems in...

• Michigan Republicans Plan to "Foreclose" on Voters to Help McCain

  Paul Kiesel | September 12, 2008 8:06 PM | 5 CommentsLos Angeles, CA Category: Miscellaneous
  

  According to CBS News, Michigan Republicans are planning to use a list of foreclosed homes throughout the state to block people from voting in the upcoming presidential election in counties where...

• Combating Subprime Mortgage Fraud

  Paul Kiesel | July 31, 2008 6:37 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  The New York State Commission of Investigations reported that the state's mortgage borrowers need more regulatory protection from predatory lenders, according to CNNMoney.com. Predatory mortgage...