Welcome to Chino Hills California Real Estate, Gail Griffin Sign in | Help

Browse by Tags

All Tags » Community » Industry   (RSS)
Thursday, January 12, 2012 8:24 PM

Freddie Mac extends forbearance to unemployed borrowers

Freddie Mac is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac's prior approval and up to an additional six months with prior approval. This means unemployed borrowers may
Posted by Gail Griffin | 0 Comments
Filed under: ,
Thursday, December 29, 2011 6:30 PM

Victims sought in Countrywide case

The Wall Street Journal The Justice Department faces the daunting task of tracking down more than 210,000 alleged victims and determining how to compensate them, following last week’s $335 million fair-lending settlement with Bank of America Corp.’s
Posted by Gail Griffin | 0 Comments
Filed under: ,
Thursday, December 29, 2011 6:27 PM

Getting back in the black

The New York Times Getting back in the black More than 2.6 million households are at least 60 days delinquent on their mortgage payments, according to the nonprofit coalition Hope Now. While those who are delinquent 60-120 days can make back payments
Posted by Gail Griffin | 0 Comments
Filed under: ,
Friday, December 23, 2011 1:17 PM

Tips to Avoid Mortgage Modification Scams and Fraud

C.A.R. recently released a consumer alert offering tips on avoiding mortgage fraud. Con artists trying to take advantage of unknowing, financially troubled homeowners usually promise mortgage loan modifications or reduced monthly payments for upfront
Posted by Gail Griffin | 0 Comments
Filed under: ,
Friday, November 18, 2011 10:56 AM

Beware of firms charging a fee for mortgage help

The Los Angeles Times Plenty of companies are eager to exploit the uncertain economy and housing market by trying to separate property owners from their money. But services seeking high fees for foreclosure assistance seldom prove beneficial, housing
Posted by Gail Griffin | 0 Comments
Thursday, November 03, 2011 4:18 AM

Fraud Alert: Fannie Mae mortgage fraud report

Fannie Mae’s September mortgage fraud report, which is based on Fannie Mae loan reviews through the end of August, shows the following misrepresentations by type: Occupancy: 18% Income: 24% Assets: 6% Property: 14% Value: 1% Liabilities: 27% SNN:
Posted by Gail Griffin | 0 Comments
Filed under: ,
Thursday, November 03, 2011 4:14 AM

Foreclosure review under way

The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board announced Tuesday that the independent foreclosure reviews of 14 large servicers issued in April now are underway. Approximately 4.5 million borrowers could have their loans
Posted by Gail Griffin | 0 Comments
Filed under: ,
Saturday, October 29, 2011 11:14 AM

Knowing when to refinance

The New York Times Refinancing made up 79 percent of all 2011 mortgage applications as of early October, according to the Mortgage Bankers Association. However, industry experts warn against rushing into refinancing, especially for first-timers. Read
Posted by Gail Griffin | 0 Comments
Filed under: ,
Monday, October 17, 2011 5:36 PM

Senators call for swift action to help homeowners refinance

U.S. Sens. Barbara Boxer (D-CA), Johnny Isakson (R-GA), and Robert Mendendez (D-NJ) have joined 13 of their colleagues in urging the Obama administration to quickly implement administrative reforms to help responsible homeowners refinance and take advantage
Posted by Gail Griffin | 0 Comments
Filed under: ,
Friday, September 09, 2011 7:24 AM

Weekly Fraud Alert: Email falsely claims to be from FTC

The FTC is warning small businesses that an email with a subject line “URGENT: Pending Consumer Complaint” is not from the FTC. The email says that a complaint has been filed with the agency against their company. The FTC advises not to click
Posted by Gail Griffin | 0 Comments
Filed under: ,
Friday, September 09, 2011 6:47 AM

Refinancing while underwater

Homeowners whose homes have fallen in value may qualify to refinance their loans through a variety of programs aimed at avoiding late or partial payments or foreclosure. Read the full story
Posted by Gail Griffin | 0 Comments
Filed under: ,
Monday, September 05, 2011 9:19 AM

Weekly Fraud Alert: CA AG sues law firms engaged in "Mass Joinder" mortgage fraud

Attorney General Harris sued Philip Kramer, the Law Offices of Kramer & Kaslow, two other law firms, three other lawyers, and 14 other defendants who are accused of working together to defraud homeowners across the country through the deceptive marketing
Posted by Gail Griffin | 0 Comments
Filed under: ,
Saturday, August 27, 2011 5:59 AM

State attorney general shuts down law firms accused of conning homeowners

The Mercury News The state Attorney General’s office has shut down four Southern California law firms that allegedly conned about 2,500 California homeowners facing foreclosure into paying thousands of dollars to join a lawsuit against lenders that
Posted by Gail Griffin | 0 Comments
Filed under: ,
Saturday, August 27, 2011 5:55 AM

Forget the market. Buy a house

Smart Money Some financial advisers are recommending their clients put some of their cash into buying a house. Read the full story
Posted by Gail Griffin | 0 Comments
Filed under: ,
Sunday, August 21, 2011 9:45 AM

More homeowners shorten mortgage terms

Spurred by low interest rates and a desire to pay off their debts, homeowners are shortening the terms of their loans. In the first quarter, 34 percent of refinancers switched to a 20- or 15-year loan, the highest level in seven years, according to Freddie
Posted by Gail Griffin | 0 Comments
Filed under: ,
More Posts Next page »