James R. Ackley: Responding to Disaster, A Contemporary Approach to Foreclosure Defense

Responding to Disaster, A Contemporary Approach to Foreclosure Defense By James ‘Randy’ Ackley The consequences of a family losing their home, it goes without saying, are horrendous. Helping people who have lost their homes is one of the most rewarding, yet heartbreaking, vocations a person can experience. I have been privileged to have had the … Read more

And it’s GONE! Flagstar Bank Just Brought Back The Zero-Down Mortgage

And it’s GONE! Flagstar Just Brought Back The Zero-Down Mortgage Flagstar Bank, has come up with a genius, innovative new mortgage product that they believe is going to be great for their investors and low-income housing buyers: the “zero-down mortgage.”  What’s better, Flagstar is even offering to pay the closing costs of their low-income future … Read more

IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC

IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC From the Opinion… The HELOC Is Not a Negotiable Instrument Section 104.3104 of Nevada’s Uniform Commercial Code provides that, among other things, “‘negotiable instrument’ means an unconditional promise or order to pay a fixed amount of money.” Nev. Rev. Stat. … Read more

Hurricanes Could Bring Another Disaster: Foreclosures

Hurricanes could bring another disaster: Foreclosures As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures. Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the … Read more

Wall Street Wins Big as Senate Votes to Roll Back Regulation Allowing Consumers to Sue their Banks

“Tonight’s vote is a giant setback for every consumer in this country. Wall Street won and ordinary people lost,” CFPB Director Richard Cordray ~ Wall Street Wins Big as Senate Votes to Roll Back Regulation Allowing Consumers to Sue their Banks Vice President Pence cast a tie-breaking vote late Tuesday to block new regulations allowing … Read more

“A Full-Blown Scandal” – Statement from NYC Comptroller on Mismanagement at Wells Fargo

Statement from NYC Comptroller Scott M. Stringer on New Revelations of Mismanagement at Wells Fargo This is a full-blown scandal — again. It’s unbelievable, outrageous, sad, and yet quintessential Wells Fargo. This isn’t just a corporate debacle. It’s caused real human harm. It’s reflective of a system that Americans feel is rigged against the little … Read more

Google to Create a Separate Shopping Service Unit to Meet European Union Demands

Google to Create a Separate Shopping Service Unit to Meet European Union Demands The tech internet giant this year was hit with a $2.8 billion fine by the European Union (EU) for not adhering to antitrust rules and regulations of the commission. Although the internet is truly a global phenomenon, each region has its own … Read more