• CFPB announces new rules which provide many protections to consumers, but also offers protection, or "safe harbor," to banks and lenders The answer is "yes" Bully tactics used to scare or coerce buyers. The federal [...]

  • Published On: September 3, 2013

    A Rule change lets certain borrowers who have gone through a foreclosure or bankruptcy, but have repaired their credit, become eligible for FHA mortgage in one year. The answer is "yes" The Obama administration wants [...]

  • Scam letter from Fresh Start, based in New York, requires as much as $5,200 up front from a homeowner. According to the Arizona Attorney General "This is a blatant violation of Arizona law.” Article from [...]

  • Lawsuit claims Bank of America that gave bonuses to employees to lie to homeowners and to foreclose on homes. The answer is "yes" Bank of America rewards employees for lying and putting borrowers into [...]

  • Can the home equity lender foreclosure on my home if there is no equity? The answer is "yes" Here is a question I am asked at least 2 to 3 times a week.  "I have [...]

  • 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 [...]

  • 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" [...]

  • 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 [...]

  • Arizona fails to pass fifty million dollars in federal aid to help struggling homeowners avoid foreclosure, despite being one of the hardest hit states in the real estate bust. The answer is "yes" Arizona homeowners [...]

  • 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, [...]