Bankruptcy Can Help Seniors Find Peace of Mind

I highly recommend this great article in the New York Times about bankruptcy and the elderly.  Everyone should understand the issues related to protecting your own or your parents’ hard earned retirement funds when faced with a financial crisis.  Related Post Reverse Mortgages & Their Pitfalls

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Big Banks Profit by Falsely Reporting Bankrupt Debts

According to an article in the New York Times, Bank of America and JP Morgan Chase are finally agreeing to properly identify debts that were discharged in bankruptcy.  Related Post What is a Zombie Debt? Banks Are Subverting Bankru… Citigroup to Pay Fannie Mae $968M for Loans Big Banks Plead Guilty to Criminal Charges New […]

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Grandfather and child

Too Poor to File Bankruptcy – a New Class of Americans

Ten years after the passage of the “new” bankruptcy law we find a new class of Americans “the permanently insolvent”.    You won’t find reference to this group in any financial magazine.  But, hundreds of thousands of Americans are in a position of being hounded mercilessly by debt collectors, but unable to afford to file for […]

CFPB Issues Guidance on Housing Counselor Requirements

Housing counselors can provide advice on buying a home, renting, defaults, foreclosures, and credit issues. Advice from housing counselors can be provided at little or no cost to consumers. Related Post CFPB Takes Action to End Student “Debt Relief” Sca… CFPB Launches Massive Lawsuit – Debt Collect… Student Loans – CFPB Helping Deal with Finan… […]

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CFPB Launches Massive Lawsuit – Debt Collectors, Payment Processors and others

Why is this “ground breaking”?  This is the first time that payment processors are held to the same standard of responsibility as the debt collectors.  Related Post Supreme Court Finds Debt Buyers Free to Collect on… CFPB Takes Action to End Student “Debt Relief” Sca… CFPB Takes Action Against Wells Fargo and Chase fo… CFPB […]

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Fannie Mae Auctions “Sour” Mortgage Loans

According to Bloomberg News: Fannie Mae will begin bulk auctions of mortgages, including some sales targeted for non-profit groups and small investors, as Fannie Mae moves to reduce the number of non-performing loans “sour mortgages” on its books. Related Post Consumer advisory: Don’t fall for a foreclosure re… Arizona Homeowner’s Association Dues, with s… Citigroup […]

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