• child with sign saying greed

    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) [...]

  • HSBC sued by NY Attorney General for Violations of Foreclosure laws

    Published On: June 4, 2013

    NY Attorney General suing HSBC Holdings, PLLC for failure to properly negotiate loan modifications and other foreclosure law violations. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” [...]

  • hand cuffed hand bound by word credit

    Consumer Financial Protection Bureau finds Payday and Deposit Advance Loans a Trap for Consumers

    Published On: June 2, 2013

    Payday loans and deposit advance loans lead to a cycle of indebtedness; raises Consumer Protection Concerns “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” The Consumer Financial [...]

  • Foreclosure Settlements with Banks Moving Very Slowly

    Published On: May 28, 2013

    May 19, 2013: banks have paid less than half the $5.7 billion in the 30 different settlements negotiated by various agencies through the Nation. "Heads I win, tails you lose” is a fraudulent coin toss. [...]

  • National Mortgage Foreclosure Settlement – moving like a turtle in mud

    Published On: May 28, 2013

    Bank Fraud: Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial and Citigroup to pay $25 billion for fraudulent foreclosure practices which led to the worst economic crisis since the Great Depression. In the [...]

  • SIGN - students make banks rich

    Possible doubling of interest rates for student loans

    Published On: May 28, 2013

    Student loans subsidized by the government will most likely double to 6.8 percent on July 1, 2013. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” According to [...]

  • COLLECTOR

    BEWARE: Payday Loans and Deposit Advances

    Published On: May 2, 2013

    In 2010 Arizona instituted strict limits on payday loans. Unfortunately, banks are now picking up the practice of making these immoral loans calling their payday loans “deposit advances”. But if it walks and quacks like [...]