Foreclosure
Bank Fraud: Another Former CEO Charged
FORMER CEO OF CREDIT UNION charged with Bank Fraud Though less bank fraud is seen today than a decade ago, the numbers in individual instances can be staggering. Following an FBI conducted investigation, Sean E. Jelen, who served as CEO of Valor Federal Credit Union from July 2014 to August 2015; was recently accused of…
Read MoreAnother Housing Bubble Here in the U.S?
Blog Article: Another Housing Bubble here in the US? Experts seem to agree that the US is headed to another housing bubble. What they do not agree on, is why. When asked if his easy Mortgage Rocket App was making mortgages too easy, Quicken Loans CEO, Jay Farner warns that mortgage originations are flat, and…
Read MoreOcwen Foreclosures Froze
Ocwen Foreclosures frozen due to National Mortgage Settlement failure to comply Are you trying to negotiate your wrongful foreclosure or mortgage workout with Ocwen? If you are one of a group of affected borrowers, your window may have widened. Over 17,000 Ocwen loan foreclosures are on hold.Following the National mortgage settlement, an independent monitor has…
Read MoreJustice Department Mortgage Fraud Case
US JUSTICE DEPARTMENT MORTGAGE FRAUD CASE AGAINST FORMER COUNTRYWIDE CEO, ANGELO MOZILO IS DROPPED Eight years after the great recession began and Countrywide was acquired by Bank of America, the civil case against co-Founder and Former Countrywide CEO, Angelo Mozilo, has been dropped. The US Justice Department civil case alleged defrauding of investors in mortgage-backed…
Read MoreCitiBank Providing $16 Million in Relief
CitiBank Providing $16 million in consumer Relief Due to a July 2014 settlement, Citi has been credited with $162.7 million in relief to distressed homeowners as Citi fulfills the terms of the DOJ settlement for selling toxic residential mortgage-backed securities to investors, according to the settlement monitor’s report released in February 2016. Now Citibank has…
Read MoreForce-placed Insurance and What it Means to You
Run On Force-placed Insurance Settlements? If you have ever had a bank force-place* insurance on your home, you know what they charge has been much higher than what insurance companies would have quoted to you. A rash of lawsuits against Banks and Mortgage Servicing Firms alleges several firms have been receiving Kickbacks for sending the…
Read MoreCost Of Doing Business
Cost of doing business? JP Morgan Chase Fined Again JP Mortgage Chase was fined an additional $48 million due to failure to meet terms of a mortgage servicing violation settlement. This follows a $2 billion fine JP Morgan Chase was ordered to pay to borrowers for foreclosure assistance and remediation costs, according to the Office…
Read MoreConsumer Mortgage Advocacy
Mortgage Assist Now connects borrowers like you with resources and information needed to reach professional help based on your unique circumstances and to make informed decisions protecting your interests. Our experience and knowledgeable staff has over a decade of industry experience working with attorneys, courts and financial institutions and can explain how the system really works in everyday common language. Learn More
Read MoreThree Mortgage Foreclosure Assistance Tips
Lenders and Servicers are required to send most communications in writing by mail. Never discard or destroy any communication you receive no matter how insignificant you may think it is. When sending correspondence of any type, a letter, a request or payment, always use traceable mail that requires a signature upon receipt for proof of delivery.
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