Facing an ARM Reset on Your Mortgage? We've heard a lot about foreclosures due to unemployment leading the way in this recession; but toxic mortgages are still sinking many homeowners. Adjustable rate mortgages were...
Texas Attorney General Greg Abbott has charged American Home Mortgage Servicing Inc. (AHMS) with using illegal debt collection tactics and improperly misleading homeowners facing foreclosure . According to state investigators, AHMS collections agents used...
The Federal Reserve has adopted new rules banning what is called "yield spread premiums," a practice which allowed mortgage brokers and lenders to earn extra profits every time a borrower was placed in a...
The Internal Revenue Service recently announced that it will cease issuing debt indicator notices to tax preparers. Debt indicator notices inform tax preparers of any possible reasons a taxpayer's refund could be garnished. For...
Now that the Great Recession is well into its second year, major players in the foreclosure crisis are coming under closer scrutiny by federal regulators trying to figure just how much financial blood mortgage...
The U.S. Department of Housing and Urban Development (HUD) has recently published new procedures for counseling senior citizens applying for reverse mortgages. The new procedures are suppose to offer more guidance on exactly what...
Mortgage fraud essentially is the root of our current financial challenges as a state and as a country. Millions of Americans were convinced that the real estate bubble would be forever expanding and that...
