Mortgage // Current TV

We Need A Mortgage Strike!

In the 1960's the only way tenants could fight back against evil slum lords was... more

crob80231
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3 months ago
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0 comments

This Month in Real Estate (US) October 2011

Hello and welcome to This Month in Real Estate. I'm Jay Papasan.Our top story:... more

williams23
added this
4 months ago
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0 comments

California breaks from 50-state probe into mortgage lenders

"Harris has faced increasing pressure in recent weeks from inside and outside the... more

Cabal
added this
4 months ago
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0 comments

Dear Bank of America,

I closed my checking and savings accounts today, because I heard that Bank of America foreclosed on a Florida couple who did not even have a mortgage loan through B of A. When this couple sued you and won, your company stiff-armed them and refused to pay the court judgment. The couple then foreclosed upon one of your branches in an attempt to recover the judgment and their costs.

When I think about how stupid someone would have to be to foreclose on someone who does not have a mortgage loan, it boggles the mind. Not only is it indicative of appalling ignorance and lack of true customer service ethics, it is a clear sign that your company is being run by criminals.

When I went into the branch today to close my accounts, I heard that you have now decided to close the local branch in order to save money; no doubt, you need to save that money because of the way you have been pissing away cash by financing bogus mortgages. Now the decent and friendly people at my local branch who have been serving this community for up to 20 years will soon be looking for work rather than having to drive many miles to work at the nearest remaining branch. I commiserated with them and wished them all well. They have been loyal to your company and to people like me for years, and they are being shafted by snot-nosed crooks (probably with freshly-minted MBAs) in the higher echelons of your criminal enterprise.

I took my cash and went home only to see that your dumber-than-a-box-of-rocks online banking system had sent me an email stating that my account was now empty and had fallen below the minimum $25 balance. Amazing deduction, Sherlock! I closed the account!

I am now sorry I ever allowed myself to associate with your company, for it enabled people of no character to conduct business with my cash, which, you can bet, you will never see again. I will tell everyone I know of my experience and urge them to put their money in reputable institutions which do not attempt to extort money from innocent victims.Dear Bank of America, I closed my checking and savings accounts today, because I... more

Progresshiv
added this
5 months ago
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49 comments

Dream a Little Dream…

I was really disgusted listening to these pundits on NPR going on about how they do... more

joeeddy
added this
6 months ago
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0 comments

Popular Podcast-BlogTalkRadio-DJ Mona-Lisa (Independence Day)

World famous broadcaster, DJ Mona-Lisa portrays the sexy persona of the "dumb... more

DJMonaLisa
added this
7 months ago
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0 comments

Owning a Home in San Francisco

There’s been lots of articles in the paper recently about owning a home being a... more

baghdadbythebay
added this
9 months ago
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0 comments

10 Reasons People Can’t Get a Mortgage

The good news is the current status of real estate is a buyers market and interest... more

AngelAlina
added this
10 months ago
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0 comments

Children's author needs to sell books to save house

That's what I calI an industrious writer http://www.onemillionchildrensbooks.com

Jarbigail
added this
11 months ago
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0 comments

Feds End Criminal Inquiry on former Countrywide Financial Corp. CEO

LOS ANGELES—Federal prosecutors have decided to close their criminal investigation into former Countrywide Financial Corp. chief executive Angelo Mozilo without filing charges, according to people familiar with the matter.

The move had been expected for some time by observers of the case. The Securities and Exchange Commission had filed civil fraud charges against Mr. Mozilo and two other former top Countrywide executives.

Last year, Mr. Mozilo and his former colleagues settled that SEC suit without admitting or denying any wrongdoing. Mr. Mozilo agreed to make a multimillion-dollar payment as part of the settlement.

At that time, people familiar with the matter said the federal criminal investigation, while still open, was relatively dormant and not expected to produce any criminal charges.

However, observers believed a final decision on the investigation wouldn't be made until the new U.S. Attorney in Los Angeles, Andre Birotte Jr., had a chance to fully review the evidence.

Mr. Birotte couldn't immediately be reached for comment Friday evening.

Attorneys for Mr. Mozilo also couldn't immediately be reached for comment. In the past, his attorneys have consistently argued that Mr. Mozilo committed no wrongdoing while at the helm at Countrywide, a firm he helped build into what for a time was the nation's largest mortgage lender.

The company experienced serious financial problems in its mortgage portfolio—problems that contributed to the national financial meltdown in 2008—and was purchased by Bank of America Corp. in 2008.

Mr. Mozilo's attorneys have argued that Countrywide's problems were caused by the general collapse of the mortgage market nationally and not by any misdeeds by company executives.

People familiar with the federal criminal probe say that the general collapse in the mortgage market made it more difficult to pinpoint the actions of any particular executive as something that could be prosecuted.

The government's decision to close the criminal investigation was first reported by the Los Angeles Times.LOS ANGELES—Federal prosecutors have decided to close their criminal... more

toyotabedzrock
added this
12 months ago
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5 comments

What is Private Mortgage Insurance?

Abbreviated PMI, private mortgage insurance is an added policy that protects lenders.... more

AngelAlina
added this
12 months ago
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0 comments

Is a State Pension in Your Future? Maybe Not.

Public employees have been blasted in the media for having pensions, and conservatives... more

Progresshiv
added this
1 year ago
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0 comments

10 Mistakes First Time Home Buyers Make

Before you sign the paperwork, be sure you haven’t made one of the top 10... more

AngelAlina
added this
1 year ago
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0 comments

The Top 50 Real Estate Blogs

Real estate can still be a good investment, even though the housing bubble’s... more

eva2
added this
1 year ago
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0 comments

Weekly Audit: Foreclosuregate Hits Home

by Lindsay Beyerstein, Media Consortium blogger Earlier this month, Bank of America... more

MediaConsortium
added this
1 year ago
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0 comments

It’s Time for Sharia Law for Bankers

Apparently, the nation's largest banks can't figure out how to properly... more

omnipotentpoobah
added this
1 year ago
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0 comments

Alan Greenspan: The Architect of Economic Disaster

From fed rates, corrupt lenders, Bush tax cuts and the housing bubble and burst,... more

digitalfever
added this
1 year ago
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0 comments

They Go or Obama Goes - Robert Scheer - Truthdig

When homes are foreclosed in a neighborhood the equity of those in the area who have... more

toreyray
added this
1 year ago
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0 comments

"Screw the Banks- They Got Us Into This Mortgage Mess"

“I tried to explain my situation to the lender, but they wouldn’t... more

Progresshiv
added this
1 year ago
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1 comment

Using Your Home Equity Loan to Pay Off Credit Card Debt

Do you have high credit card debts? Are you sick of those high interest rates on your... more

teachdworld
added this
1 year ago
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0 comments

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