• Citigroup to Pay Fannie Mae $968M for Loans

    Published On: August 28, 2013

    Citigroup to Pay Fannie Mae $968 Million and BofA to pay $10.35 Billion as a result of faulty mortgages. The answer is "yes" Citigroup said on July 1, 2013 that it had agreed to pay [...]

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    Sallie Mae Accused of Overcharging Military

    Published On: August 26, 2013

    Sallie Mae Accused of Overcharging Military Personnel on student Loans The answer is “yes” Servicemembers Civil Relief Act caps interest on loans to military personnel at 6 percent, along with providing protections against default judgments [...]

  • greed written on a rock

    Another Non-Profit Scheme to Steal Homes

    Published On: August 26, 2013

    Keeping Kids in their Home Foundation is a scam. “Someone should never deed their house over to anyone without the bank‘s consent. These guys are predators. It’s just sad and disgusting.” The answer is "yes" [...]

  • Chase Bank sign

    Justice Dept & SEC Investigating JP Morgan Chase

    Published On: August 24, 2013

    Obama Fraud Task Force investigates JPMorgan Chase & Co.’s for bank fraud related to mortgage backed securities. The answer is "yes" The criminal investigation of JPMorgan Chase & Co.’s mortgage-backed securities practice is evidence a [...]

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    20% of Consumers Have Credit Reporting Errors

    Published On: August 24, 2013

    According to the Federal Trade Commission report nearly 20 percent of consumers had errors in at least one of their credit files. The answer is "yes" Earlier this year the Federal Trade Commission completed a [...]

  • Student Loan Load Kills Entrepreneurism

    Published On: August 22, 2013

    Rising student loans forcing potential entrepreneurs to abandon their dreams. The answer is "yes" The rising mountain of student loan debt, recently closing in on $1.2 trillion, is forcing some entrepreneurs to abandon startup dreams [...]

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    Mortgage Modification Fraud

    Published On: August 22, 2013

    The Mortgage Law Group a/k/a Macey Aleman & Searns, a Chicago law firm, agrees to settlement of mortgage fraud scheme. The answer is "yes" Report from the Arizona Attorney General's Office: PHOENIX (Friday, September 07, [...]

  • Mortgage Modification Frauds

    Published On: August 19, 2013

    Mortgage Modification Fraud: Making All Homes Affordable, LLC, (Phoenix) owner Albert Figueroa, La Paz Source, LLC (Tucson), owners, Maria Beltran and Francisco Ramos, and La Placita Multi Services, LLC, owners Beltran and Arturo Gomez Leon. [...]

  • Short Sale and Foreclosure Frauds Continue

    Published On: August 19, 2013

    The Insidious Virus Circulating Through the Industry’s Blood by Patrick Barnard Short sale fraud and foreclosure fraud continue to grow, impacting mortgage servicers’ bottom lines. Last year, banks lost more than $375 million to short [...]

  • Reverse Mortgage sign in front yard

    Reverse Mortgages & Their Pitfalls

    Published On: August 18, 2013

    Seniors need to be very careful about reverse mortgages, warns the Consumer Financial Protection Bureau. Reverse mortgages not being used the way Congress intended. In the summer of 2012 the Consumer Financial Protection Bureau (CFPB) [...]