Negative Rate Mortgages: You Are Now Paid To Take Out A Mortgage

In Denmark You Are Now Paid To Take Out A Mortgage Courtesy of Zero Hedge. Thanks of Mario Draghi’s generosity with “other generations’ slavery”, and following 3 consecutive rate cuts by the Danish Central Bank, a local bank – Nordea Credit – is now offering a mortgage with a negative interest rate! This means, according … Read more

In re: Cynthia Carrsow‐Franklin – MEMORANDUM OF DECISION ON DEBTOR’S OBJECTION TO CLAIM OF WELLS FARGO BANK, NA

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Bargain Interest Rates for Metro Homeowners at an End

Bargain interest rates for metro homeowners at an end Thousands of struggling Michigan homeowners who got a break on their mortgage during the financial crisis will get a letter this year with a bit of bad news. It’s a notice that their monthly mortgage payment is going up. The five-year limit on many federal mortgage-assistance … Read more

Forbearance Confusion Has Gone on Too Long

Forbearance Confusion Has Gone on Too Long Despite all the concern about forbearance reporting discrepancies over time, transparency remains an issue. This is the year that should change. Regulatory attention is supposed to be laser-focused on servicers right now, especially when it comes to how consistent they are in applying workouts. So regulators should be … Read more

JPMORGAN CHASE DEPOSITION: VOIDING ENDORSEMENTS, CREATING ALLONGES AND ENDORSEMENTS, THE “SWIRL”

JPMORGAN CHASE DEPOSITION: VOIDING ENDORSEMENTS, CREATING ALLONGES AND ENDORSEMENTS, THE “SWIRL” Cross posted from Liberty Road Media Let’s jump in the wayback machine regarding some of the big banks and their robosigning/alteration/forgery/paper terrorism/document-manufacturing for a second before we get into the deposition testimony from a “senior operation specialist” with JPMorgan Chase promised in the headline. … Read more