While Bank of America has been grabbing headlines lately as the poster child for problematic mortgage and securities transactions dating back to the housing crash of 2008 and before, JP Morgan Chase has been conducting it own legal battles on similar charges of...
The story flies in the face of conventional wisdom about home ownership. A Washington DC homeowner loses his fully paid for home — with all its accumulated equity – all because of an unpaid property tax bill totaling just $134. That’s the world of tax lien sales – a...
As new housing policy plans circulating in Washington plot the demise of Fannie Mae and Freddie Mac, the two mortgage lending giants are posting record profits. But according to a new report by the Federal Housing Finance Agency, which owns the two firms, those...
Short sale. It even sounds ugly. Since the housing collapse of a few years ago, the short sale has been the lesser of two evils for homeowners struggling with mortgage debt – and a signal to the world that the loan can’t be salvaged. But a new report by MarketWatch...
Ever since it was created back in 2008 to help homeowners avoid foreclosures, the government’s Home Affordable Mortgage Program, or HAMP, has fallen far short of its goals. Because that’s so, large numbers of preventable foreclosures have hit the market in some areas,...
