Harris interactive Poll: 22% of Homeowners Have Difficulty Making Mortgage Payments

According to a recent poll from the New York-based market research firm Harris Interactive, 22 percent of people with mortgages have difficulty making their monthly payments, and nearly 7 percent are not making payments or facing foreclosure. The poll also … Continue reading

Citi Faces Lawsuit Over HAMP Mod Denials

By: Carrie Bay 04/06/2011 CitiMortgage Inc. has been hit with a class action lawsuit for allegedly denying borrowers a permanent loan modification through the government’s Home Affordable Modification Program (HAMP). The complaint was filed by the law firm of Berger … Continue reading

The Servicing Mess and Mortgage Lending

BY BILL BERLINER This column originally appeared in the April 2011 issue of Asset Securitization Report (www.sourcemedia.com) titled “The Servicing Mess and Mortgage Lending”. The outcome of the negotiations between servicers, the group of state Attorneys General and the fledgling … Continue reading

Fair Housing Investigation Uncovers Corrupt Loan Mod Practices

By: Heather Hill Cernoch 04/11/2011 Four fair housing organizations have released their findings of a year-long undercover investigation of 80 loan modification companies, which reveal a host of corrupt practices scammers employ to target homeowners in distress. The National Fair … Continue reading