Wells Fargo Just Reported The Worst Mortgage Number Since The Financial Crisis

Wells Fargo Just Reported The Worst Mortgage Number Since The Financial Crisis When we reported Wells Fargo’s Q3 earnings back in October, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter“, namely mortgage lending, and which as we then reported was “the biggest alarm” because … Read more

Florida: Couple May Lose Home for Refusing to Pay Association’s $25 Late Fee

Florida: Couple May Lose Home for Refusing to Pay Association’s $25 Late Fee Foreclosure trial concludes in case of West Palm Beach townhouse owner who faces losing home over $25 late fee What started with a $25 late fee three years ago for townhouse owner David Silva has grown to a foreclosure fight over a … Read more

DEUTSCHE BANK NAT’L TRUST CO. v. BURKE: Neither Deutsche Bank Nor Any Mortgage Servicer Acting On Its Behalf Has The Right to Foreclose

DEUTSCHE BANK NAT’L TRUST CO. v. BURKE: Neither Deutsche Bank Nor Any Mortgage Servicer Acting On Its Behalf Has The Right to Foreclose ~ FINAL DECLARATORY JUDGMENT STEPHEN Wm SMITH, Magistrate Judge. Judgment is rendered in favor of defendants John and Joanna Burke against plaintiff Deutsche Bank National Trust Co., as Trustee of the Residential … Read more

Molotov Cocktail: Fire Deliberately Set at Office of Waypoint Homes After Facing Landlord Complaints

Molotov Cocktail: Fire Deliberately Set at Office of Waypoint Homes After Facing Landlord Complaints Gwinnett County fire investigators are asking the public for information about the identity of a person who started a fire at a local office for a nationwide house renting company that was recently the subject of an ABC News investigation. Fire … Read more

Wall Street’s New Slumlords Under Fire from Tenants Nationwide

Wall Street’s New Slumlords Under Fire from Tenants Nationwide Bruce Nicholson and Lisa Daspit thought they had found the perfect house. They spotted it from the car — a bright yellow bungalow with white trim, partially hidden from the street by an array of palm trees on the lawn — while exploring a favorite neighborhood … 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