All Posts Tagged With: "Predatory Loan Modifications"

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Securitization – A Primer

Most people have heard the term “securitization” in media reports about the Housing Crisis. Some even know that securitization involved the selling of mortgage loans to Wall Street. But beyond that, most people have no clue as to what Securitization really is.

10May2010 | | 22 comments | Continued
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Predatory Loan Modifications

I would wager to say that you have seen nothing like this presented before. That is because most so-called audit firms have not got a clue about what they are doing. They simply buy TILA/RESPA software so as to determine if the disclosure requirements were met. They have NO UNDERSTANDING of Predatory Lending and what can be offered by competent persons doing such exams.

4May2010 | | 71 comments | Continued
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HAMP = Foreclosure

What are the options for a homeowner if HAMP is a fraud? The only real option that exists is to hire a competent attorney to fight for you. Even then, there are no guarantees. But, the Government and President Obama do not want you to do that. President Obama has publically stated that the lenders will work with you to do a good loan modification. He has also stated you should not hire a person to work on your behalf because lenders will do a modification for free. Yet, there are now stories in all 50 states where lenders are charging fees for loan modifications.

12Apr2010 | | 15 comments | Continued