How Does the National Mortgage Settlement Help Homeowners?

Back in Feb. 2012, after 16 months of investigation and negotiation, the federal government, 49 state attorneys general and the nation’s five largest mortgage services came to an agreement to address “loan servicing and foreclosure abuses, ” which was supposed to "provide immediate relief to homeowners..” So, after 32 months, is the $25 billion National Mortgage Settlement providing the relief that was promised? Is it easier for you to get a loan modification? … [Read more...]

Millions of Homeowners Get Paid Very Little for Lender Violations

On Oct. 31, 2012, the Consumer Financial Protection Bureau (CFPB) released their Supervisory Highlights report, and just in time for Halloween, as the findings were indeed spooky! According to the report, many lenders violated federal laws, such as the Real Estate Settlement Procedures Act (RESPA), the Truth in Lending Act (TILA), and the Home Mortgage Disclosure Act (HMDA). … [Read more...]

Should Homeowners Get a Forensic Loan Audit?

Forensic loan audits are a hot topic, so its important to know the truth about what they can and can NOT do for you, as some companies or law firms may use them as an excuse to charge upfront fees. … [Read more...]