Fresh Look: HarvardJCHS State of the Nation’s Housing 2017 – 39 Million Households Can’t Afford Their Homes

HarvardJCHS State of the Nation’s Housing 2017 – 39 Million Households Can’t Afford Their Homes HO LEE FUK! 39 Million Households are Paying More for Housing Than They Can Afford Rising housing costs are putting a major squeeze on Americans. Nearly 39 million households can’t afford their housing, according to the annual State of the … Read more

Wells Fargo Is Accused of Making Improper Changes to Mortgages

“When I realized it was a pattern of filing false documents with the federal court, that was appalling to me, the unauthorized loan modifications really cause havoc to a debtor’s reorganization” ~ Wells Fargo Is Accused of Making Improper Changes to Mortgages Even as Wells Fargo was reeling from a major scandal in its consumer … Read more

Nobody Beats The Wiz: Florida Condo Faces Foreclosure Over $25 Late Fee Imposed by Ventura Greens COA

“It’s not a matter of $25,” Silva said. “I spent more money fighting this than the $25. They should have said, ‘You know what? This is ridiculous. This is our fault.’ But they want to pursue it because they want to maliciously and intentionally take my home. There’s no other way of looking at it.” … Read more

The Irony: Ocwen Sues Fidelity Information Services Over ‘Fraudulent, Abusive Billing Scheme’

The Irony: Ocwen Sues Fidelity Information Services Over ‘Fraudulent, Abusive Billing Scheme’ Ocwen Financial Corp. has filed a lawsuit in California Superior Court alleging that Fidelity Information Services LLC (FIS) inflated its monthly rate and charged Ocwen for a variety of expenses while serving as its monitor for a 2015 mortgage servicing settlement case. According … Read more

Document Forgery in Financial Industry More Common Than You’d Think

“Forgery is supposed to be a criminal offence,” says Stan Buell, of the Small Investor Protection Association. “But you could count on the fingers of one hand the people who have been charged criminally or sent to jail. It doesn’t happen.” ~ Document Forgery in Financial Industry More Common Than You’d Think, Past Employees Say Employees in … Read more

MERS Assignment Fail: Mortgage Electronic Registration Sidesteps, Inc.

MERS Assignment Fail: Mortgage Electronic Registration Sidesteps, Inc. Over the years we have seen various Assignment Fails such as BOGUS and BAD BENE. Some even had effective dates as 09/09/9999, while others had forged signatures or were put together by someone with very poor Photoshop skills. Today, we present a new variation of a MERS … Read more