YALE University: FREE Online Course On The Global Financial Crisis Co-Lectured by Timothy F. Geithner

Geithner gives a lesson on the global financial crisis by Robert Laing This should be interesting… YALE University this week launched a massive open online course on the global financial crisis co-lectured by the US treasury secretary during the drama of 2008, Tim Geithner. I’ve just completed the first week’s assignments — the deadline is … Read more

Across The Pond: Record 4,300 Foreclosures Per Day in Greece During 2016

Record 4,300 Foreclosures Per Day in Greece During 2016 A huge increase in foreclosure orders against state’s debtors has been recorded for 2016 in Greece. During January – April, the tax authorities ’emptied’ the bank accounts of 428,465 debtors. According to information, adding May’s foreclosures, the total number exceeds 500,000. That means that within 100 … Read more

Foreclosure Tales: Parent’s Home was Illegally Foreclosed Without Proper Notice and Sold to Third Party

Parent’s home was illegally foreclosed without proper notice and sold to third party. What will happen? My parents had a mortgage on their home, which they had consistently been paying for the past 6 years. This home is their homestead resident which they’ve been residing in continuously since they purchased it 6 years ago. Apparently, … Read more

Former Lawyer Surrenders for 10 Year Prison Term for Theft of $1.5 Million in Surplus Foreclosure Funds

“In the past two or three years, I lost my husband, I lost my house and then I found out that this happened. That’s what I find the most heart wrenching, is that he was taking advantage of people at their worst possible times, when they lost their homes.” ~ Former Lawyer Surrenders for 10 … Read more

HELP WANTED! Mortgage Electronic Registration Systems (MERS) Reconciliation Specialist

HELP WANTED! Mortgage Electronic Registration Systems (MERS) Reconciliation Specialist Kforce Finance and Accounting • Coral Gables, FL Apply on Company Website Job Snapshot Contractor Other Great Industries Finance Job Description RESPONSIBILITIES: Kforce has a client seeking a MERS Reconciliation Specialist (Temporary Position) in Coral Gables, FL. Position Summary: The MERS Reconciliation Specialist (MRS) is responsible … Read more

Pennsylvania Justices: Excessive Foreclosure Attorney Fees Actionable

“This is an extremely important systemic issue insofar as protecting Pennsylvania homeowners. Also of great significance is that it establishes that the legislature can regulate the activities of lawyers that are engaged in nonlawyer functions such as debt collection.” ~ Pennsylvania Justices: Excessive Foreclosure Attorney Fees Actionable A law firm representing a residential mortgage lender … Read more

Super Priority Lien: HERO Loans May Not Be So Heroic

Super Priority Lien: HERO Loans May Not Be So Heroic You may have noticed that solar panels on homes are the rage. They are great for cutting down on your PG&E bill and even better — some say — for the environment. But they may not be so great for homeowners who buy solar panels … Read more

Time: Millions of Americans Spend Half Their Income on Rent

Millions of Americans Spend Half Their Income on Rent So the good news is the real estate market is really, officially on the mend. The bad news is that means more renters are getting squeezed, especially those who might have lost a home to foreclosure. According to a new annual report from Harvard’s Joint Center … Read more

Burn It: With Foreclosure Looming, Man Gets Probation for Setting Fire to His Home

Man gets probation for setting fire to home in preforeclosure WOODSTOCK – A Cary man will serve two years of probation after he admitted to damaging his preforeclosed home by setting it on fire, leaving it uninhabitable. Daniel B. Knabusch, 33, pleaded guilty in court Wednesday to an amended charge of criminal damage to property, … Read more

Many Central Jersey Homeowners ‘Underwater’ on Mortgage

“There are a lot of homeowners in New Jersey who are underwater in their mortgages, and they’re going to be underwater for quite some time.” ~ Many Central Jersey Homeowners ‘Underwater’ on Mortgage Eight years after the housing bubble burst, many homeowners in Central Jersey still owe more than their homes are worth, according to … Read more

CFPB Report: Supervisory Highlights Mortgage Servicing Special Edition

Supervisory Highlights Mortgage Servicing Special Edition Introduction Mortgage servicers play a central role in homeowners’ lives by managing their mortgage loans. Servicers collect and apply payments, work out modifications to loan terms, and handle the difficult process of foreclosure. As the financial crisis made clear, weak customer support, lost paperwork, and mishandled accounts can lead … Read more

CFPB Urges Mortgage Servicers to Upgrade Technology to Reduce Errors, Or Else…

CFPB Urges Mortgage Servicers to Upgrade Technology to Reduce Errors WASHINGTON—The Consumer Financial Protection Bureau on Wednesday urged mortgage-servicing companies to invest more in technology to reduce delays and errors in handling customer information. The federal watchdog agency said it found “numerous” mortgage servicers, essentially middlemen between lenders and borrowers, in violation of its 2014 … Read more