NATIONAL Sen. Scott Brown asks for criminal investigation of GSEs Sen. Scott Brown believes the civil lawsuit filed by the SEC (Securities and Exchange Commission) a couple days ago against ex-CEOs of Freddie Mac and Fannie Mae, fails to achieve justice and accountability for the American. He is trying to push the Justice Department and [...]
The nation’s biggest lenders’ servicing portfolio is likely to stabilize, as nearly 90% of all first lien mortgages are still current, the office of the Comptroller of the Currency reported. Both early stage and serious delinquencies remained unchanged over the quarter, the OCC said in its latest report. Looking at these mortgage delinquencies separately, the [...]
NATIONAL November 2011 scorecard published The Treasury and the HUD recently released the latest edition of the Obama Administration’s Housing Scorecard. The most recent survey featured as news the scan of the nation’s 10 largest mortgage servicers participating in the Making Home Affordable Program, in order to promote transparency regarding its performance. The Scorecard tracks [...]
The Treasury and the HUD recently released the latest edition of the Obama Administration’s Housing Scorecard. The most recent survey featured as news the scan of the nation’s 10 largest mortgage servicers participating in the Making Home Affordable Program, in order to promote transparency regarding its performance. The Scorecard tracks the key indicators of the [...]
NATIONAL The need for a defined foreclosure timeline Both Freddie Mac and Fannie Mae representatives upheld the companies’ practice of collecting penalties from servicers who fail to meet defined timelines for processing foreclosures. It is clear now, that both Fannie and Freddie representatives aim to keep borrowers in their home, because it is the better [...]
Both Freddie Mac and Fannie Mae representatives upheld the companies’ practice of collecting penalties from servicers who fail to meet defined timelines for processing foreclosures. It is clear now, that both Fannie and Freddie representatives aim to keep borrowers in their home, because it is the better outcome for GSEs, but Edward Seiler, a director [...]
Sen. Johnny Isakson has submitted his idea for reforming the housing finance system. Isakson’s 30 year of experience as a real estate agent made him to develop an original plan for a reform. He introduced legislation Thursday that would wean the secondary market off government support and pay taxpayers back for the bailout of Fannie [...]
The Treasury Department has sent out letters to the banks that received Troubled Asset Relief Program funds expressing its will to put the bailout to bed. “They’re saying to the 380 remaining banks, ‘We want to light a fire under you to figure out how you’re going to get rid of Tarp,’ because they want [...]
The possibility of wrongful foreclosure of about 5,000 military members is now investigated by the Office of the Comptroller of the Currency (or OCC) according to an article by DsNews. The wrongful foreclosure is based on the Servicemembers Civil Relief Act signed into law in 2003, which protects military members from foreclosure while they are [...]
Government officials are likely to offer a sweetener for the banks sitting at the foreclosure servicing settlement table, by releasing these lenders from liability relating to their loss-mitigation efforts on delinquent FHA-insured loans, sources cited by the American Banker say. The deadline for resolving their differences is Christmas, so the government is ready to give [...]
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
