Posts about mortgages, including home loans, refinancing, interest rates, and strategies to manage payments and avoid foreclosure.
It’s not too late to take advantage of these protections but call your mortgage servicer sooner rather than later. For some mortgages, the deadline to request forbearance is December 31, 2020. Don’t wait – get the help you need now. What to do after you enter forbearance This advice applies to both a CARES Act …
The issue between the Consumer Financial Protection Bureau (CFPB) and Certified Forensic Loan Auditors and Andrew Lehman get really nasty there for a while but it looks like it is one judge signature from being behind them now. Certified Loan Auditors and Andrew Lehman have agreed to a stipulated final judgment putting the issues with …
Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion. The consent order requires SLS to pay $1.275 million in monetary relief to consumers in the form of redress and …
Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the Borrower Protection Program (the Program), a new joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency. Under the program, the CFPB will make complaint information and analytical tools available …
Let’s face it, shopping for a home warranty probably ranks somewhere between an annual medical checkup and filing your taxes. And even after you decide, how do you know which are the best home warranty companies to deal with? While there are better things to do with your time, a good warranty can save you thousands …
Mortgage Law Group and the Consumer First Legal Group ordered to pay $59 Million for mortgage debt relief activities according to Bloomberg Law. “The bankruptcy estates of the Mortgage Law Group and the Consumer First Legal Group, along with the firms’ principle members, will pay a combined $59 million in restitution and civil money penalties, …
The Consumer Financial Protection Bureau (CFPB) previously went after Certified Forensic Loan Auditors (CFLA) who then in return went after the CFPB. According to the CFPB, “The Consumer Financial Protection Bureau (Bureau) filed a complaint in federal court in the Central District of California against Certified Forensic Loan Auditors, LLC (CFLA), Andrew Lehman (Lehman), and …
Question: Dear Steve, Would you like to help me get the word out about what happened in the Brookstone lawyers case that took out a few lawyers and left consumers without counsel and without their discovery given to Brookstone lawyers and taken by feds? The bank hired an attorney to contact all the Plaintiffs (hundreds …
Because of the 2017 tax law, U.S. house prices overall are about 4% lower than they’d otherwise be. You end up with a $1.04 trillion setback for the nation’s homeowners. Eliminating the deduction for millions of homeowners inflicted serious financial damage on homeowners who had no warning that a major tax deduction that they were …
The U.S. Department of Veterans Affairs guarantees loans up to 100% loan to value for purchase rate and term or Cash out refinance loan scenarios. The VA mortgage contains a funding fee which will vary based on the size of a loan that you’re seeking, but the big benefit is you can finance with no …