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 New Round of Defaults of Mortgages in 2015 and 201… What is a Zombie Debt? Banks Are Subverting Bankru… Big Banks Plead Guilty to Criminal […]

Related Post

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 47% of Home Buyers Do Not Compare Mortgage Rates National City Discriminatory Loans Costs $35 Milli… CFPB vs Morgan Drexen – fraudulent debt &#82… […]

Related Post

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 Debt Collectors Could Face New Rules Credit Card Sold to Debt Collectors CFPB Takes Action Against Wells Fargo and Chase fo… CFPB Issues Guidance on Housing Counselor Require… […]

Related Post

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 HELOC – Can the Lender Foreclose in Arizona? Arizona Homeowner’s Association Dues, with s… Consumer […]

Related Post