Rep. Scott Garrett (R-New Jersey), the chairman of the House subcommittee responsible for matters related to Fannie Mae and Freddie Mac presented his plan for reforming the secondary mortgage market and winding down the GSEs There is no question that the GSEs should cease to exist, and it is time to put a plan into [...]
NATIONAL Bailed out lenders increased their risk level According to a recent report conducted by the Michigan Ross School of Business banks that received federal funding from the Troubled Asset Relief Program or TARP, have since increased their risk level with about 10%. Professors Ran Duchin and Denis Sosyura signed the report, after studying risk [...]
According to a recent report conducted by the Michigan Ross School of Business banks that received federal funding from the Troubled Asset Relief Program or TARP, have since increased their risk level with about 10%. Professors Ran Duchin and Denis Sosyura signed the report, after studying risk among banks receiving TARP funds and banks that [...]
NATIONAL House Veterans’ Affairs Committee investigates the case of defrauded veterans The House Veterans’ Affairs Committee ordered his staff to investigate the cases of cheated veterans and taxpayers as the nation’s biggest lenders have charged these people illegal fees in their struggle to refinance home loans. The chairman’s action comes after a whistleblower lawsuit was [...]
The House Veterans’ Affairs Committee ordered his staff to investigate the cases of cheated veterans and taxpayers as the nation’s biggest lenders have charged these people illegal fees in their struggle to refinance home loans. The chairman’s action comes after a whistleblower lawsuit was filed in federal court in Atlanta showing hard evidence of the [...]
JPMorgan Chase announced during its third-quarter earnings call that the news of imminent AG settlement is not real. Jamie Dimon, JPMorgan Chase CEO said the settlement talks are on hold because of the many varying demands of each of the “50” state attorneys general, a couple of which have already pulled out of the negotiations, [...]
NATIONAL Federal housing programs failed to meet expectations The Obama Administration’s Response to the Housing Crisis hearing wasn’t so smooth as it was planned to be, as several housing programs came under attack. The Obama administration responded to the housing crisis with several program such as Emergency Homeowners Loan Program (EHLP), the Neighborhood Stabilization [...]
Executives of the former Alpha Bank & Trust from Georgia will have stressful days ahead, as they have to explain in court to questions regarding their decisions. The FDIC filed a lawsuit against 11 of the executives in order to recover at least $24 million of the $215 million damage that cost the failure of [...]
The Obama Administration’s Response to the Housing Crisis hearing wasn’t so smooth as it was planned to be, as several housing programs came under attack. The Obama administration responded to the housing crisis with several program such as Emergency Homeowners Loan Program (EHLP), the Neighborhood Stabilization Program (NSP), the Home Affordable Modification Program (HAMP) and [...]
NATIONWIDE The juries are in and the verdict is: Recession We thought we left the recession behind, but what we witnessed in 2008 – looking back in time – it was mostly just a shock, Lakshman Achuthan, co-founder of Economic Cycle Research Institute said in an interview with at Daily Ticker. But what it [...]
I had two properties with no renters, and both were “under water”. I had resolved myself to letting them go into foreclosure. This would have crushed my credit and I was unsettled about it to say the least.
I had a credit score of 770 and was in danger of loosing the good credit my wife and I had worked so hard to get. I decided to give Eureka a try and I am very glad I did. I just closed one loan and the other is in the process of negotiations and should close very soon.
As soon as I had this service on my side, I was able to point the creditors to them for any questions. Once the creditors had this information on file, their calls slowed to a crawl, almost overnight. I have not heard from any of the creditors from either property for a long time. I felt like I finally had someone on my side. For the first time in months, I was able to sleep without worrying about what the future held in store.
If you are in a situation where you need to sell your property and get out from under that debt, Eureka is your answer. I do not need to wish you “good luck” as Eureka will do everything they can to make your problems a thing of the past. The sooner you act, the better things will be. Give them all the information they ask for and let them take over. You’ll be glad you did.
Alan Moses
Germantown, MD
