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ResourceShark™ Blog houses our network of website's blog postings. Here you will find a variety of topics ranging from international law to travel destinations and everything in between! If after reading our blogs you find yourself needing help from a professional in that field, please navigate to our home page and use our business directory to find a professional in your area!

Wells Fargo in New Scandal

By Angelica | Jun 19, 2017 | Comments Off on Wells Fargo in New Scandal

Wells Fargo in New Scandal – This Time Over Unauthorized Mortgage Modifications Wells Fargo is back in court. According to attorney Theodore Bartholow III, who represents the plaintiffs Christopher and Allison Cotton, Wells Fargo has secretly modified his client’s mortgage resulting in an extension of the mortgage term by over 25 years. According to the…

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Fast-Track Foreclosures Spreading Across Nation in Blight Fight

By Angelica | Jun 16, 2017 | Comments Off on Fast-Track Foreclosures Spreading Across Nation in Blight Fight

Fast-Track Foreclosure’s Spreading Across Nation in Blight Fight The volume of first time Foreclosures in the U.S. have declined. Still, houses vacated by owners who did not feel they could save their homes, continue to plague major cities across the United States. Fast-Track foreclosure laws are being passed by several states, including Florida, New Jersey,…

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Follow These 6 Steps to Buy a Home in 2017

By Jo Gardner | Jun 13, 2017 | Comments Off on Follow These 6 Steps to Buy a Home in 2017

0lZRJh7PVgk 700 400 default Follow these 6 Steps to Buy a Home in 2017 Follow these 6 Steps to Buy a Home in 2017 T ’is the season to buy a home. School is out of session and if families plan to move, now is the time most make the change. With that in mind,…

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Chase Originator Pleads Guilty -$33M

By Angelica | May 26, 2017 | Comments Off on Chase Originator Pleads Guilty -$33M

Chase Originator Pleads Guilty -$33M Former Chase Mortgage Originator pleads guilty to fraud costing Chase $33 million! How the Fraud Happened: Underwriters base approvals, as well as interest rates and loan amounts on the amount of risk inherent in a loan application. That risk has traditionally been calculated on the 5 C’s of credit underwriting:…

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Ruling Wrongful Foreclosure Dismissed in Appeals

By Angelica | May 3, 2017 | Comments Off on Ruling Wrongful Foreclosure Dismissed in Appeals

Ruling Wrongful Foreclosure Dismissed in Appeals Wondering if the homeowner ever wins? The short answer is YES. It may be in an appeals court, but if you know you are right, and that the foreclosure process was improperly handled, then it may be worth the court and attorney costs plus the time involved in resolving…

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FHA Foreclosure Reversed

By Angelica | Apr 27, 2017 | Comments Off on FHA Foreclosure Reversed

FHA Mortgage Foreclosure Reversed: Court wants Lender to prove the followed correct procedure FHA loans have been widely used, more so since the implosion of sub-prime lenders, for mortgages where insufficient documented credit is available, or where credit is less than perfect for other reasons. In Ohio, in Lakeview Loan Servicing LLC v. Dancy, the…

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The CFPB Sues Ocwen

By Jo Gardner | Apr 26, 2017 | Comments Off on The CFPB Sues Ocwen

Ca0oHUiWrd8 700 400 default CFPB Suit against Ocwen alleges lack of Foreclosure Protection… And total Failure of Mortgage Servicing Process In a 93 page complaint recently filed in Southern District of Florida, the Consumer Financial Protection Bureau alleged that Ocwen Financial Corporation, Ocwen Mortgage Servicing, Inc. and Ocwen Loan Servicing, LLC, collectively “Ocwen” “…improperly calculated…

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Know Who Affects Your Mortgage Servicing

By Jo Gardner | Apr 20, 2017 | Comments Off on Know Who Affects Your Mortgage Servicing

JqjsB1GgGJ0 700 400 default Know the People Who Affect How Your Mortgage Servicing Is Handled The Servicing Association has a new Chairman. Ray Barbone, not to be confused with the shady character named Ray Barboni in the movie Get Shorty, is a well credentialed Executive Vice President (EVP) of Mortgage Services at BankUnited. BankUnited, the…

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California's New Survivor Bill of Rights (SBOR) Has Gone Into Effect

By Angelica | Apr 11, 2017 | Comments Off on California's New Survivor Bill of Rights (SBOR) Has Gone Into Effect

Just a heads up for those who were still unaware and a reminder for those who may have forgotten about the new law: September 29, 2016, California passed a new bill into law called the Homeowner Survivor Bill of Rights or SBOR. SBOR, which went into effect January 1, 2017, should be of significant assistance…

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PACE Bill Introduced

By Angelica | Apr 11, 2017 | Comments Off on PACE Bill Introduced

New Bill targets predatory lending on energy improvements: The Protecting Americans and Credit Entanglements Act This Week, three Republican senators introduced a bill intended to prevent predatory lending practices connected to the financing and installation of solar energy panels…as in PACE (Property Assessed Clean Energy) loans. Or, as I will refer to it (Predatory Aging…

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