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Maryland Real Estate & Mortgage News
http://www.deanmostofi.com
National Real Estate and Mortgage News & views with an emphasis on the Washington DC metro region.
Recent Posts
Interest-Only Home Loans Start to Backfire
Edward and Maria Moller are worried about losing their house — not now, but in 2013. That is when the suburban San Diego schoolteachers will see their mortgage payments jump, most likely beyond their ability to pay.Like millions of buyers during th...
Major Government Role in Mortgages Shaping Entire Market
In the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or financial history.Now the pendulum...
Wells Fargo Sued For Reducing Credit Lines
The banking unit of Wells Fargo & Co. has been accused by an Illinois homeowner of illegally reducing the size of customers’ home equity lines of credit by undervaluing customers’ houses. Home equity lines of credit allow homeowners ...
Jail Sentence in Maryland Foreclosure Fraud Scheme
GREENBELT, MD—U.S. District Judge Deborah K. Chasanow sentenced Earnest Lewis, age 52, of Takoma Park, Maryland, today to 54 months in prison, followed by three years of supervised release, for conspiracy to commit wire fraud arising from a scheme ...
Forgive My Mortgage Or I Will Walk Away
Government and private-lender attempts to stem the home foreclosure crisis so far have mostly focused on loan modifications or refinancing — giving borrowers a temporary or permanent reduction in their monthly payments. But some housing experts say...
Why banks want you all alone when negotiating a loan modification
“The dominion which the banking institutions have obtained over the minds of our citizens…must be broken, or it will break us.” Thomas Jefferson They are telling you to run away from loan modification companies who charge a fee. They are payin...

