Today Countrywide Financial agreed to modify home loans in Texas and 10 other states as part of the largest predatory lending lawsuit settlement in history. Countrywide will: provide $8.4 billion in direct loan relief...
Congress approved The Emergency Economic Stabilization Act last week and it was quickly signed by President Bush on Friday. Although the bill contains language requiring the Treasury Department to develop a plan to "mitigate"...
U.S. District Judge Thomas Porteous, a Louisiana jurist, is charged with filing for bankruptcy under a false name along with other misdeeds. Judge Porteous faces impeachment for filing a personal bankruptcy petition for himself...
Under a plan approved on Thursday, nearly 1100 Dallas School District employees will find themselves jobless by the end of this month. Over 500 teachers, including those teaching core subject such as math, science,...
Although there are definitely benefits to cash-out mortgage refinancing there are some risks that homeowners should know. Inaccurate Appraisals - When taking out a cash-out mortgage refinance there is a risk that your home...
Fannie Mae and Freddie Mac buy billions of dollars worth of mortgages and have their own rules and regulations; but they both refuse to buy any loans containing binding mandatory arbitration clauses. Freddie Mac...
Many homeowners don't realize it, but often their loan agreements include binding mandatory arbitration clauses. These clauses require that any dispute a homeowner may have with a lender be settled through arbitration and prevents...
