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Tag Search Results For 'lending industry' (11)
Who's being bailed out, who's being rescued and what does it all…
Give Me Back My Credit! By Denise Richardson | October 9th 2008 by Denise Richardson
Last week, Congress passed the $700 Billion bailout bill for the economy. Though we are told to be patient, so far, it hasn't worked. What's more, some of the most important things that could have been included in the bill to protect homeowners and t read more
"No Lender wants to Foreclose"...or do they?
Give Me Back My Credit! By Denise Richardson | October 8th 2008 by Denise Richardson
Here's the insanity of the mortgage mess created by lenders: a homeowner gets behind a few payments, gets back on her feet and when she tries to pay, they won't take her money. No, apparently lenders would rather have the taxpayers' money read more
11 States and $8 Billion Settlement; Countrywide Foreclosures Sus…
Give Me Back My Credit! By Denise Richardson | October 7th 2008 by Denise Richardson
Facing a lawsuit over deceptive mortgage practices, a Bank of America subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes.Some borrowers might qualify for lower interest rates or having to pa read more
Bailed Out...or Sold Out?
Give Me Back My Credit! By Denise Richardson | October 3rd 2008 by Denise Richardson
"Will it work? We'll see..." With that less than inspiring statement, House Speaker Nancy Pelosi told members of the House of Representatives this afternoon that they needed to pass the Senate's version of the massive $700 Billion bailout bill.The st read more
Former Bank Employees Speak Out About Unethical Practices
Give Me Back My Credit! By Denise Richardson | September 25th 2008 by Denise Richardson
Earlier this year, former employees of MBNA and Bank of America contacted AFFIL looking for a way to speak out about disturbing sales practices they were trained to use as employees. According to Americans For Fairness in Lending, "Their stor read more
Mortgage Meltdown and the Underwriter
Reinventing Dad | September 21st 2008
Oh boy! Let's step aside from discussion of life with family, and take a look at why I'm where I am now (mid-life career purgatory). The housing crisis like a drowning elephant threatens to pull under everything and everyone it can grab as it gasps read more
Bear Stearns & EMC Agree to Pay $28 Million in Settlement...but w…
Give Me Back My Credit! By Denise Richardson | September 16th 2008 by Denise Richardson
The Consumer Warning Network has another stunning video that paints a picture of greed and corruption that explains why we are where we are today with the mortgage and credit crises. Many borrowers took their complaints to legislators, regulators a read more
As College Students race off to Campus, so do all the Credit Card…
Give Me Back My Credit! By Denise Richardson | August 22nd 2008 by Denise Richardson
American's for Fairness in Lending (AFFIL.org) is the collaborative effort of numerous partner and ally organizations, each contributing their expertise to AFFIL and the public through AFFIL activities. As one of their allies, I endorse their Princip read more
Fed Issues New Lending Rules
Salt Lake City Real Estate Blog | July 24th 2008 by Marina
Daily Real Estate News | July 15, 2008Fed Issues New Lending Rules The Federal Reserve on Monday adopted rules designed to protect homebuyers from the kind of loans that drove many into foreclosure. The new rules apply to all lenders and not just t read more
FBI Examining 17 Lenders
Salt Lake City Real Estate Blog | March 21st 2008 by Marina
The FBI is currently investigating 17 firms involved in the mortgage lending industry, bureau officials told Reuters News in an exclusive interview. The bureau had previously acknowledged it was investigating 16 firms. Officials say the criminal prob read more
Lending Industry Changes Will Affect Real Estate Investors
The real estate bubble hasn't burst... it's just taking a we… | August 8th 2007 by BlueMoonCapital
Press Release Lending Industry Changes Will Affect Real Estate Investors By: Ron Ojeda, Blue Moon Capital, LLC Given the alarming events of the last two weeks encompassing the stock, bond and housing markets, it comes as no surprise that both read more
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