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Tag Archives: countrywide

I am a Victim of Countrywide Appraisal Fraud. Where Can I Get Help? – VR

countrywide_home_loans

“Dear Steve, I am also a victim of Appraisal Fraud Countrywide now BofA. Resident in Northern Virginia. Where can/should I turn to seek council for my area. Everything I’ve read was for either California or New York. Your feedback regarding Real Estate Law Center was extremely valuable. I had a clue when the first “dump” of email correspondence was all ... Read More »

    Countrywide Emails Predicted Early Mortgage Collapse. Borrowers Set Up for Foreclosure.

    Screen Shot 2012-03-08 at 11.44.02 AM

    A reader and tipster (send in your tips here) has forwarded me a document which is alleged to be the emails and documents of Countrywide regarding the mortgage loans they were initiating. There are a number of foretelling and interesting statements contained in this document. One point in particular, after the pay option sub-prime loans exploded, is the statement about ... Read More »

      Nevada Bitch Slaps Bank of America Over Mortgage Mess

      Ready to Collapse

      by Paul Kiel, ProPublica The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning the narrow case it filed late last year into a broadside that targets virtually all aspects of the bank’s mortgage operations. Bank of America has previously denied wrongdoing. The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes ... Read More »

        My Husband and I Bought a Condo in Los Angeles in 2007 with 100% Financing. (Oh, No!) – Beatrice

        Ready to Collapse

        Beatrice “Dear Steve, My Husband and I bought a Condo in Los Angeles in March 2007. Terms were 80/20 loans each interest only for first 10 years. We did not put any money down. The value of our Condo has dropped more than 100k (per comparables mainly of short sales in the same building(yes, there have been a few). We ... Read More »

          Countrywide to Pay Big Fine to FTC for Overcharging Homeowners, Fees, and Screwing Borrowers in Bankruptcy

          Stop Countrywide Mortgage Abuse

          Photo Credit: April Zosia Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will be used to reimburse ... Read More »

            How Can I Get Bank of America to Modify My Countrywide Mortgage? They Keep Refusing. – Clare

            Ready to Collapse

            Clare “Dear Steve, My husband and I are separated, he is giving me 2100 a month to pay his car, ins, and credit card debt, I net 4330 a month and my house payment is 2850 plus association dues of 98. I have two car payments (his and mine) 942, and min. credit card pymts of 777. I want to ... Read More »

              Our Mortgage Loan Was Modified and the Monthly Payment Went Up. – Sandra

              Ready to Collapse

              “Dear Steve, My husband and I had a financial hadship situation last year and got behind on our morgage payments to Countrywide (now Bank of America). Early this year, we started the loan modification process and in July we were notified that the loan had been modified. I was very disappointed since they only included the balance due to the ... Read More »

                Peoples First Financial and FHA All Day in the News Again.

                Ready to Collapse

                Several loan modification companies made an appearance in a recent Atlanta Journal Constitution article, ‘Companies Promise Foreclosure Help, Don’t Deliver‘ about the dangers of loan modification or foreclosure rescue companies. Companies are facing both civil and criminal charges in different states for their actions which are generally considered to rip-off consumers by promising services these companies either can’t or don’t ... Read More »

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