http://www.lossmitigationopportunities.com//articles/American Loss Mitigation Agency Newsen-usCopyright (c) 2010 American Loss Mitigation Agency. All rights reserved.info@almahelp.cominfo@almahelp.comSat, 4 Sep 2010 14:41:51 EST0The federal government's Home Affordable Modification Program has a lot of work left to do if it hopes to catch up to the private sector.http://www.lossmitigationopportunities.com//articles/?article=187http://www.lossmitigationopportunities.com//articles/?article=187Fri, 03 Sep 2010 00:00:00 ESTIt's a year that's seen the notable Lone Star Brewery and the St. Anthony Hotel posted for foreclosure.http://www.lossmitigationopportunities.com//articles/?article=186http://www.lossmitigationopportunities.com//articles/?article=186Wed, 01 Sep 2010 00:00:00 ESTApartments were emptied of tenants at least 2 ½ years ago to make way for new rental units and retail, but that never happened. Now a bank owns the 13 acres. http://www.lossmitigationopportunities.com//articles/?article=185http://www.lossmitigationopportunities.com//articles/?article=185Mon, 30 Aug 2010 00:00:00 ESTObama's program to help homeowners has unfortunately made things worse.http://www.lossmitigationopportunities.com//articles/?article=184http://www.lossmitigationopportunities.com//articles/?article=184Wed, 25 Aug 2010 00:00:00 ESTSnowmass Village, the Colorado ski town neighboring Aspen, got a lift in 2007 when Hypo Real Estate Holding AG agreed to arrange $520 million of loans to complete a $1 billion year-round resort. http://www.lossmitigationopportunities.com//articles/?article=183http://www.lossmitigationopportunities.com//articles/?article=183Wed, 25 Aug 2010 00:00:00 ESTJP Morgan is readying a new $484.6 million CMBS pass-through.http://www.lossmitigationopportunities.com//articles/?article=182http://www.lossmitigationopportunities.com//articles/?article=182Mon, 23 Aug 2010 00:00:00 ESTIn one year, commercial real estate has seen both a drop in prices and a doubling up in delinquency rates, research analytics firms tracking the market find.http://www.lossmitigationopportunities.com//articles/?article=181http://www.lossmitigationopportunities.com//articles/?article=181Fri, 20 Aug 2010 00:00:00 ESTSeptember brings 126 U.S. CMBS loans to maturity, with almost half of them already in special servicing, according to Fitch Ratings in its latest weekly U.S. CMBS newsletter. http://www.lossmitigationopportunities.com//articles/?article=180http://www.lossmitigationopportunities.com//articles/?article=180Fri, 20 Aug 2010 00:00:00 ESTMore than half of foreclosures in California are on properties purchased by blacks and Latinos -- borrowers who are disproportionately more likely to receive expensive subprime loans that are harder to pay off.http://www.lossmitigationopportunities.com//articles/?article=179http://www.lossmitigationopportunities.com//articles/?article=179Wed, 18 Aug 2010 00:00:00 ESTHomebuilders' confidence slumped nationwide for a third month in a row in August, as Inland Empire builders pushed hard for lower building fees and homebuyers looked to a glut of foreclosed homes on the market. http://www.lossmitigationopportunities.com//articles/?article=178http://www.lossmitigationopportunities.com//articles/?article=178Mon, 16 Aug 2010 00:00:00 ESTThe Federal Reserve Bank of New York is facing the prospect of foreclosing on a number of properties in the coming months, from homes to commercial buildings, a result of a souring mortgage portfolio it took over when it helped bail out Bear Stearns in 2008.http://www.lossmitigationopportunities.com//articles/?article=177http://www.lossmitigationopportunities.com//articles/?article=177Fri, 13 Aug 2010 00:00:00 ESTThough U.S. CMBS loan transfers out of special servicing are taking place with more frequency, they will not be enough to stop specially serviced loans from passing the $100 billion mark before the year is out, according to Fitch Ratings in a new report.http://www.lossmitigationopportunities.com//articles/?article=176http://www.lossmitigationopportunities.com//articles/?article=176Wed, 11 Aug 2010 00:00:00 ESTThe re-default rate on modifications done through the government's HAMP mortgage modification program remains elusive. But a recent analysis from Laurie Goodman from Amherst Securities suggests that it could be worse than the re-default rate of other non-government modification programs that appear comparable.http://www.lossmitigationopportunities.com//articles/?article=175http://www.lossmitigationopportunities.com//articles/?article=175Wed, 11 Aug 2010 00:00:00 ESTThe Department of the Treasury has announced the second round of awards under its 4HM or Help for the Hardest-Hit Housing Market Fund established by President Obama in February. http://www.lossmitigationopportunities.com//articles/?article=174http://www.lossmitigationopportunities.com//articles/?article=174Thu, 05 Aug 2010 00:00:00 ESTMore than one-quarter of all multifamily loans in Jacksonville financed with commercial mortgage-backed securities are 60 days or more delinquent, according to the commercial real estate information provider Trepp LLC.http://www.lossmitigationopportunities.com//articles/?article=173http://www.lossmitigationopportunities.com//articles/?article=173Mon, 02 Aug 2010 00:00:00 ESTAs delinquency increases begin to slow, modifications on CMBS loans are accelerating, according to the analytics firm, Trepp.http://www.lossmitigationopportunities.com//articles/?article=172http://www.lossmitigationopportunities.com//articles/?article=172Mon, 02 Aug 2010 00:00:00 ESTIndependent rating agency DBRS downgraded certain classes within 231 residential mortgage-backed securities (RMBS) deals.http://www.lossmitigationopportunities.com//articles/?article=171http://www.lossmitigationopportunities.com//articles/?article=171Mon, 02 Aug 2010 00:00:00 ESTFitch Ratings says 9.48% of the fixed-rate conduit CMBS loans in its universe were in default at the end of Q2.http://www.lossmitigationopportunities.com//articles/?article=170http://www.lossmitigationopportunities.com//articles/?article=170Sun, 01 Aug 2010 00:00:00 ESTMore than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream.http://www.lossmitigationopportunities.com//articles/?article=169http://www.lossmitigationopportunities.com//articles/?article=169Sun, 01 Aug 2010 00:00:00 ESTForeclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation's hardest-hit regions.http://www.lossmitigationopportunities.com//articles/?article=168http://www.lossmitigationopportunities.com//articles/?article=168Sun, 01 Aug 2010 00:00:00 ESTThe pace of the nation's economic activity generally slowed or, in some regions, held steady - revealing a choppy path back to health. http://www.lossmitigationopportunities.com//articles/?article=167http://www.lossmitigationopportunities.com//articles/?article=167Thu, 29 Jul 2010 00:00:00 ESTWe learned that the number of homes with mortgages owned by government sponsored entities (GSEs) Fannie Mae and Freddie Mac entering foreclosure is at an all-time high, and is still increasing.http://www.lossmitigationopportunities.com//articles/?article=166http://www.lossmitigationopportunities.com//articles/?article=166Wed, 28 Jul 2010 00:00:00 ESTWith much fanfare and ceremonial pomp, it was announced some time back that the government was coming to the rescue of the thousands of citizens who obtained mortgages they could never hope to repay.http://www.lossmitigationopportunities.com//articles/?article=165http://www.lossmitigationopportunities.com//articles/?article=165Sun, 25 Jul 2010 00:00:00 ESTCongress passed the most sweeping financial regulation legislation since the Great Depression, but most turnaround professionals surveyed predict the effort to rein in financial institutions will have little effect because most will find ways to skirt the new rules. http://www.lossmitigationopportunities.com//articles/?article=164http://www.lossmitigationopportunities.com//articles/?article=164Thu, 22 Jul 2010 00:00:00 ESTIndustry analysts forecast that delinquency rates on commercial backed mortgage securities (CBMS) could reach as high as double digits by the end of 2010. With CBMS delinquency rates rising, analysts believe that bank failure rates could also increase. See the following article from HousingWire for more on this. http://www.lossmitigationopportunities.com//articles/?article=163http://www.lossmitigationopportunities.com//articles/?article=163Thu, 08 Jul 2010 00:00:00 ESTMore than 12 percent of mortgages are delinquent or in foreclosure.http://www.lossmitigationopportunities.com//articles/?article=162http://www.lossmitigationopportunities.com//articles/?article=162Wed, 07 Jul 2010 00:00:00 ESTA major effort by the Obama administration to keep homeowners out of foreclosure may be reaching its limits long before the crisis abates.http://www.lossmitigationopportunities.com//articles/?article=160http://www.lossmitigationopportunities.com//articles/?article=160Mon, 07 Jun 2010 00:00:00 ESTAs of the end of April 2010, servicers participating in the Home Affordable Modification Program (HAMP) had canceled 277,640 three-month trials since the program launched in March 2009...http://www.lossmitigationopportunities.com//articles/?article=161http://www.lossmitigationopportunities.com//articles/?article=161Wed, 19 May 2010 00:00:00 ESTThe use of credit scoring is vital to the mortgage underwriting process. However, behind the scenes, a war is raging over who can lay claim to that process, with one party recently losing ground in the courtroom. The Fair Isaac Corp. (FICO: 23.46 0.00%) was denied a new trial regarding what it claims is clearly its...http://www.lossmitigationopportunities.com//articles/?article=158http://www.lossmitigationopportunities.com//articles/?article=158Fri, 14 May 2010 00:00:00 ESTRisk of continued price declines by the PMI Mortgage Insurance Co...http://www.lossmitigationopportunities.com//articles/?article=157http://www.lossmitigationopportunities.com//articles/?article=157Tue, 04 May 2010 00:00:00 ESTThe delinquency rate among commercial mortgage-backed securities (CMBS) topped 8% to yet another historical high in April, according to the latest data from analytics firm Trepp.http://www.lossmitigationopportunities.com//articles/?article=156http://www.lossmitigationopportunities.com//articles/?article=156Tue, 04 May 2010 00:00:00 ESTSouring commercial real estate loans are taking a disproportionate bite out of ailing mid-size bank balance sheets as more failures are set to come in 2010.http://www.lossmitigationopportunities.com//articles/?article=155http://www.lossmitigationopportunities.com//articles/?article=155Wed, 28 Apr 2010 00:00:00 ESTCommercial mortgage loan defaults look likely to rise through the end of the year, with another 4.4% likely in 2010 and the overall default rate expected to pass 11% among securities rated by Fitch Ratings, the credit-rating agency said today. New CMBS defaults increased more than five-fold last year, totaling 1,464...http://www.lossmitigationopportunities.com//articles/?article=150http://www.lossmitigationopportunities.com//articles/?article=150Wed, 21 Apr 2010 00:00:00 ESTVermont Attorney General William H. Sorrell announced Wednesday that Countrywide Financial Corporation, now a part of Bank of America, has entered into a settlement with his office to resolve claims concerning Countrywide's origination of home loans in past years.http://www.lossmitigationopportunities.com//articles/?article=144http://www.lossmitigationopportunities.com//articles/?article=144Thu, 01 Apr 2010 00:00:00 ESTThe real estate outlook for the remainder of 2010 is grim. According to a recent online survey of real estate executives conducted by Deloitte, 76 percent of executives expect commercial property values to continue to fall this year, and 73 percent predict asking rents will follow the same trend.http://www.lossmitigationopportunities.com//articles/?article=143http://www.lossmitigationopportunities.com//articles/?article=143Thu, 01 Apr 2010 00:00:00 ESTFederal regulators are warning that by the end of 2010, half of all commercial real estate mortgages will be underwater.http://www.lossmitigationopportunities.com//articles/?article=145http://www.lossmitigationopportunities.com//articles/?article=145Tue, 30 Mar 2010 00:00:00 ESTNationwide, one in every 200 residential loans funded last year, totaling $14 billion, involved fraud, according to First American CoreLogic. Despite what looks like an unsettling amount of shadiness lurking within the mortgage market...http://www.lossmitigationopportunities.com//articles/?article=147http://www.lossmitigationopportunities.com//articles/?article=147Fri, 19 Mar 2010 00:00:00 ESTMortgage industry lawsuits are beginning to stack up - Federal Home Loan Banks are suing lenders, lenders are suing insurers - all in an attempt to recoup losses from a crippling national housing crisis.http://www.lossmitigationopportunities.com//articles/?article=146http://www.lossmitigationopportunities.com//articles/?article=146Fri, 19 Mar 2010 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=148http://www.lossmitigationopportunities.com//articles/?article=148Thu, 11 Mar 2010 00:00:00 EST...for good reason - markets around the country have been battered by plummeting property values, mounting foreclosures, and neighborhoods riddled with vacant homes...http://www.lossmitigationopportunities.com//articles/?article=149http://www.lossmitigationopportunities.com//articles/?article=149Thu, 25 Feb 2010 00:00:00 ESTThe Federal Reserve yesterday released an outline of their plan to remove the financial marketplace from the supportive influences of accomodative monetary..http://www.lossmitigationopportunities.com//articles/?article=140http://www.lossmitigationopportunities.com//articles/?article=140Thu, 11 Feb 2010 00:00:00 ESTThe number of U.S. households facing foreclosure in January increased 15 percent from the same month last year, and a surge in strapped homeowners who've fallen behind on mortgages could be on the way.http://www.lossmitigationopportunities.com//articles/?article=139http://www.lossmitigationopportunities.com//articles/?article=139Thu, 11 Feb 2010 00:00:00 ESTA successful commercial operation turnaround devise depends on coherence and persistence. You contingency keep say your concentration onhttp://www.lossmitigationopportunities.com//articles/?article=142http://www.lossmitigationopportunities.com//articles/?article=142Thu, 28 Jan 2010 00:00:00 ESTFannie Mae and Freddie Mac should be eliminated in their current form by lawmakers.http://www.lossmitigationopportunities.com//articles/?article=134http://www.lossmitigationopportunities.com//articles/?article=134Fri, 22 Jan 2010 00:00:00 ESTU.S. lenders are being forced to make unpalatable choices as they try to keep afloat stalled real-estate projects like Atlanta's Streets of Buckhead.http://www.lossmitigationopportunities.com//articles/?article=136http://www.lossmitigationopportunities.com//articles/?article=136Wed, 20 Jan 2010 00:00:00 ESTDespite increasing pressure to take more aggressive steps to keep troubled borrowers in their homes, the Obama administration said Wednesday that it had no immediate plans to alter its foreclosure-prevention program by increasing its reliance on reducing loan balances. http://www.lossmitigationopportunities.com//articles/?article=135http://www.lossmitigationopportunities.com//articles/?article=135Wed, 20 Jan 2010 00:00:00 ESTHUD Office of Inspector General (OIG) served subpoenas to the offices of 15 mortgage companies across the country...http://www.lossmitigationopportunities.com//articles/?article=154http://www.lossmitigationopportunities.com//articles/?article=154Tue, 12 Jan 2010 00:00:00 ESTSmall-business owners grew even more pessimistic in the final month of 2009, capping off what was a trying year for their businesses.http://www.lossmitigationopportunities.com//articles/?article=133http://www.lossmitigationopportunities.com//articles/?article=133Tue, 12 Jan 2010 00:00:00 ESTAbout 12% of eligible borrowers have begun trial modifications of their mortgages since the start of a $75 billion federal program to rework home loans into more affordable monthly payments, the Treasury Department reported Wednesday.http://www.lossmitigationopportunities.com//articles/?article=132http://www.lossmitigationopportunities.com//articles/?article=132Sun, 10 Jan 2010 00:00:00 ESTNew threat looming for the industry: commercial real estate.http://www.lossmitigationopportunities.com//articles/?article=131http://www.lossmitigationopportunities.com//articles/?article=131Sun, 10 Jan 2010 00:00:00 ESTThe number of people hitting financial rock bottom across the nation continues to grow at an alarming rate http://www.lossmitigationopportunities.com//articles/?article=138http://www.lossmitigationopportunities.com//articles/?article=138Tue, 24 Nov 2009 00:00:00 ESTHousing prices have stabilized and sales are rising, but the commercial real estate market is still deteriorating locally and nationally, ... http://www.lossmitigationopportunities.com//articles/?article=137http://www.lossmitigationopportunities.com//articles/?article=137Tue, 13 Oct 2009 00:00:00 ESTThe commercial property sector took a hard knock after a home mortgage meltdown triggered the biggest financial crisis in decades last year and plunged the worlds largest economy into recessionhttp://www.lossmitigationopportunities.com//articles/?article=141http://www.lossmitigationopportunities.com//articles/?article=141Thu, 10 Sep 2009 00:00:00 ESTCommercial mortgage-backed securities (CMBS) experienced a 2.07% delinquency rate in May as multifamily and retail properties showed weaker performance, driving loan defaults.http://www.lossmitigationopportunities.com//articles/?article=153http://www.lossmitigationopportunities.com//articles/?article=153Wed, 17 Jun 2009 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=152http://www.lossmitigationopportunities.com//articles/?article=152Wed, 17 Jun 2009 00:00:00 ESTCommercial RE Braces For a Surge in Defaultshttp://www.lossmitigationopportunities.com//articles/?article=151http://www.lossmitigationopportunities.com//articles/?article=151Thu, 14 May 2009 00:00:00 ESTEdit Article Folks losing homes dial 1-800; no one answers/help from Lendershttp://www.lossmitigationopportunities.com//articles/?article=130http://www.lossmitigationopportunities.com//articles/?article=130Thu, 23 Apr 2009 00:00:00 ESTFeb 18, 2009 ... Barack Obama released details of his $75 billion mortgage relief plan... The reactions on Wall Street, Stocks Fall in response...http://www.lossmitigationopportunities.com//articles/?article=128http://www.lossmitigationopportunities.com//articles/?article=128Wed, 18 Feb 2009 00:00:00 ESTBILLIONS - in mortgage-related investments went bad, mighty investment banks that once ruled high finance have crumbled or reinvented themselves as humdrum commercial banks. The nations largest insurance company and largest savings and loan both were seized by the government. The channels of credit, the arteries of the global financial system, have been constricted, cutting off crucial funds to consumers and businesses small and large. http://www.lossmitigationopportunities.com//articles/?article=125http://www.lossmitigationopportunities.com//articles/?article=125Mon, 16 Feb 2009 00:00:00 ESTTimothy F. Geithner spent two days in Rome brainstorming with the Group of 7 nations about fixing the global economy.http://www.lossmitigationopportunities.com//articles/?article=126http://www.lossmitigationopportunities.com//articles/?article=126Sat, 14 Feb 2009 00:00:00 ESTUS treasury secretary Timothy Geithner ducked the tough questions investors want answered as he rolled out a plan to repair the financial system.http://www.lossmitigationopportunities.com//articles/?article=124http://www.lossmitigationopportunities.com//articles/?article=124Thu, 12 Feb 2009 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=127http://www.lossmitigationopportunities.com//articles/?article=127Wed, 11 Feb 2009 00:00:00 ESTIndustry Employment Down 18% Over Past Yearhttp://www.lossmitigationopportunities.com//articles/?article=119http://www.lossmitigationopportunities.com//articles/?article=119Fri, 06 Feb 2009 00:00:00 EST$15,000 homebuyer tax credithttp://www.lossmitigationopportunities.com//articles/?article=123http://www.lossmitigationopportunities.com//articles/?article=123Thu, 05 Feb 2009 00:00:00 ESTMortgage wholesale production operations, lost $244.8 million ($17.91 per share) in the fourth quarter of 2008 because of a $220 million provision for loan losses.http://www.lossmitigationopportunities.com//articles/?article=120http://www.lossmitigationopportunities.com//articles/?article=120Mon, 02 Feb 2009 00:00:00 ESTMerrill Lynch & Co. - now the property of Bank of America - has agreed to pay $450 million to settle a subprime collateralized debt obligation lawsuit brought by lead plaintiff the Ohio State Teachers Retirement System.http://www.lossmitigationopportunities.com//articles/?article=121http://www.lossmitigationopportunities.com//articles/?article=121Mon, 19 Jan 2009 00:00:00 ESTThe delinquency rate on home equity lines of credit reached its highest level everhttp://www.lossmitigationopportunities.com//articles/?article=122http://www.lossmitigationopportunities.com//articles/?article=122Wed, 07 Jan 2009 00:00:00 ESTEconomic Decline Deepens Going into Fourth Quarterhttp://www.lossmitigationopportunities.com//articles/?article=115http://www.lossmitigationopportunities.com//articles/?article=115Fri, 07 Nov 2008 00:00:00 ESTDeepening Financial Turmoil Delays Housing Recoveryhttp://www.lossmitigationopportunities.com//articles/?article=116http://www.lossmitigationopportunities.com//articles/?article=116Tue, 21 Oct 2008 00:00:00 ESTFinancial Turmoil Continues Unabatedhttp://www.lossmitigationopportunities.com//articles/?article=117http://www.lossmitigationopportunities.com//articles/?article=117Fri, 10 Oct 2008 00:00:00 ESTEconomic Data Take Turn for the Worse Even Before Credit Markets Freezehttp://www.lossmitigationopportunities.com//articles/?article=118http://www.lossmitigationopportunities.com//articles/?article=118Fri, 03 Oct 2008 00:00:00 ESTAfter weeks of anticipation and speculation, Treasury Secretary Henry Paulson announced that the federal government had taken over Freddie Mac and Fannie Mae. No one is really sure what the takeover will cost - estimates range as high as $200 billion - but it is clear that taxpayers and some stockholders are going to take a bath. It is also questionable just how much the drastic federal move will impact the housing slump, foreclosures, interest rates, or lots of other things that were given as reasons for the action. http://www.lossmitigationopportunities.com//articles/?article=114http://www.lossmitigationopportunities.com//articles/?article=114Mon, 08 Sep 2008 00:00:00 ESTThe mortgage crisis has created yet another concern that could directly impact homeowners and, strangely enough, it is Mother Nature. A.M. Best Company, a full-service credit rating organization for the financial industries has raised speculation that the credit crunch may affect the ability of insurers and reinsurers to cover claims resulting from coastal disasters. The company issued a special report this week... http://www.lossmitigationopportunities.com//articles/?article=113http://www.lossmitigationopportunities.com//articles/?article=113Wed, 21 May 2008 00:00:00 ESTThe Federal Housing Administration shook up Washington's mortgage and real estate leaders last week by announcing that it's shifting its entire production line to risk-based pricing -- starting this summer.http://www.lossmitigationopportunities.com//articles/?article=109http://www.lossmitigationopportunities.com//articles/?article=109Mon, 19 May 2008 00:00:00 ESTFreddie Mac is committed to protecting borrowers in these challenging times and providing you with clarity of our loan purchase requirements. This includes our declining markets policy, which was intended to aid borrowers, lenders, and the industry in the current environment.http://www.lossmitigationopportunities.com//articles/?article=110http://www.lossmitigationopportunities.com//articles/?article=110Fri, 16 May 2008 00:00:00 EST"As another part of our 'Keys to RecoveryTM' initiative, we are today announcing that we will be equalizing the down payment requirements for borrowers in all parts of the country, regardless of local market conditions," http://www.lossmitigationopportunities.com//articles/?article=108http://www.lossmitigationopportunities.com//articles/?article=108Fri, 16 May 2008 00:00:00 ESTEven as the House of Representatives passed two housing rescue bills and the Senate wrestles over a bill of its own, criticism is raining down on those remedies to the housing crisis that are already in place. Also under fire, not unexpectedly, are proposed new rules for regulating the mortgage industry...http://www.lossmitigationopportunities.com//articles/?article=111http://www.lossmitigationopportunities.com//articles/?article=111Tue, 13 May 2008 00:00:00 ESTAnother program to aid in the subprime mortgage crisis has been announced by Fannie Mae. Under the new rules Fannie will refinance mortgages at up to 120 percent loan to value and the program appears to be limited to loans that are paid to date and that Fannie either owns or insures. Fannie estimates that 150,000 homeowners could be helped by such a program. http://www.lossmitigationopportunities.com//articles/?article=112http://www.lossmitigationopportunities.com//articles/?article=112Mon, 12 May 2008 00:00:00 ESTWachovia Corporation, the rising Charlotte North Carolina banking star is having a very bad April. Then, according to a Wall St. Journal story, federal prosecutors are investigating the bank as part of "a broad probe of alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies..."http://www.lossmitigationopportunities.com//articles/?article=107http://www.lossmitigationopportunities.com//articles/?article=107Mon, 28 Apr 2008 00:00:00 ESTBear Stearns Snatches Last-Gasp First Quarter Profit, Faces Multiple Probeshttp://www.lossmitigationopportunities.com//articles/?article=106http://www.lossmitigationopportunities.com//articles/?article=106Tue, 15 Apr 2008 00:00:00 ESTBig Losses for PMI Company and HR Block Unloads Option Onehttp://www.lossmitigationopportunities.com//articles/?article=103http://www.lossmitigationopportunities.com//articles/?article=103Mon, 17 Mar 2008 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=104http://www.lossmitigationopportunities.com//articles/?article=104Thu, 13 Mar 2008 00:00:00 ESTStop Paying Your Mortgage and Walk Away? Right...http://www.lossmitigationopportunities.com//articles/?article=105http://www.lossmitigationopportunities.com//articles/?article=105Tue, 11 Mar 2008 00:00:00 ESTThe Federal Reserve on Thursday announced that, in 2007, American ownership in their homes as measured by equity fell below 50 percent for the first time since records were first kept in 1945.http://www.lossmitigationopportunities.com//articles/?article=102http://www.lossmitigationopportunities.com//articles/?article=102Thu, 06 Mar 2008 00:00:00 ESTMore than 30% of borrowers who took out subprime adjustable-rate mortgages over the last two years are behind on their payments, and the rate of defaults nationwide has skyrocketed over the 12 months. http://www.lossmitigationopportunities.com//articles/?article=101http://www.lossmitigationopportunities.com//articles/?article=101Thu, 06 Dec 2007 00:00:00 ESTAfter reporting a $1.4 billion loss in home equity loans, Wells Fargo has decided to sell the highest risk loans which total $11.9 billion.http://www.lossmitigationopportunities.com//articles/?article=100http://www.lossmitigationopportunities.com//articles/?article=100Wed, 28 Nov 2007 00:00:00 ESTThe Justice Department has subpoenaed records from Countrywide Financial Corp. after allegations surfaced that the lender illegally enacted foreclosure proceedings against borrowers who were current on their mortgages.http://www.lossmitigationopportunities.com//articles/?article=99http://www.lossmitigationopportunities.com//articles/?article=99Wed, 28 Nov 2007 00:00:00 ESTThe U.S. Council of Mayors released a devastating report on the impact on member communities of the ongoing housing market problems. The report, prepared by Global Insight, an economic forecasting firm, was presenting at a meeting of the Conference attended by mortgage industry and community groups.http://www.lossmitigationopportunities.com//articles/?article=96http://www.lossmitigationopportunities.com//articles/?article=96Tue, 27 Nov 2007 00:00:00 ESTShareholders of American International Group Inc. and Bear Stearns Cos. have filed suit alleging that senior executives are to blame for steep losses related to subprime mortgages.http://www.lossmitigationopportunities.com//articles/?article=98http://www.lossmitigationopportunities.com//articles/?article=98Wed, 21 Nov 2007 00:00:00 ESTFreddie has hired Goldman Sachs and Lehman Brothers to explore options to help it stay in compliance with a 30% mandatory capital surplus. http://www.lossmitigationopportunities.com//articles/?article=97http://www.lossmitigationopportunities.com//articles/?article=97Tue, 20 Nov 2007 00:00:00 ESTThe Federal Reserve has released the October 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices which addresses changes in the supply of and demand for bank loans both to businesses and consumers over the previous three months which, we presume, corresponds to the third quarter of 2007. Banks were asked separately about changes in credit standards and demand for prime, nontraditional, and subprime residential mortgages. The report summarizes responses from 52 domestic banks and 22 foreign banking institutions, a respondent pool which accounts for the majority of the bank lending in the country... http://www.lossmitigationopportunities.com//articles/?article=95http://www.lossmitigationopportunities.com//articles/?article=95Mon, 12 Nov 2007 00:00:00 ESTSides are quickly being drawn over a pending bill before the House of Representatives which, if passed, will put in place some stringent new standards for mortgage underwriting and the regulation and compensation of mortgage brokers. HR 3915 is expected to be voted on by the House Financial Services Committee on Tuesday, November 6. Introduced by Representative Bradley Miller (D-NC) and cosponsored by 21 other members of the House, modifies three major sections of Truth in Lending Act (15 U.S.C. 1602), Title I deals with mortgage origination; Title II outlines minimum standards for mortgages, and Title III addresses high cost mortgages... http://www.lossmitigationopportunities.com//articles/?article=93http://www.lossmitigationopportunities.com//articles/?article=93Mon, 05 Nov 2007 00:00:00 ESTCitigroup said it expects to write down $5 billion to $7 billion after taxes -- roughly three or four months of profit -- for its $55 billion of exposure to U.S. subprime mortgages. http://www.lossmitigationopportunities.com//articles/?article=92http://www.lossmitigationopportunities.com//articles/?article=92Mon, 05 Nov 2007 00:00:00 ESTsubprime and alt-A loans that are basically garbage loans, $250 billion worth will default, predicted Bill Gross, Pimco's chief investment officer. http://www.lossmitigationopportunities.com//articles/?article=91http://www.lossmitigationopportunities.com//articles/?article=91Mon, 05 Nov 2007 00:00:00 ESTWASHINGTON - The Federal Reserve pumped $41 billion into the U.S. financial system Thursday...http://www.lossmitigationopportunities.com//articles/?article=94http://www.lossmitigationopportunities.com//articles/?article=94Fri, 02 Nov 2007 00:00:00 ESTWhat a fascinating and tumultuous time is upon us! Both the housing and the mortgage market are convulsing wildly! There are so many facets to the "big picture" that I would never presume have all the answers, so the following disclaimer is in order: I am a mortgage broker and the following is my opinion based on my experience and my knowledge. You might agree with me, you might not. Away we go... http://www.lossmitigationopportunities.com//articles/?article=90http://www.lossmitigationopportunities.com//articles/?article=90Thu, 01 Nov 2007 00:00:00 ESTStructured investment vehicles used to fix credit markets could fall victim to the market, rather than bail it out. http://www.lossmitigationopportunities.com//articles/?article=87http://www.lossmitigationopportunities.com//articles/?article=87Thu, 01 Nov 2007 00:00:00 ESTMortgage volume in the U.K. dropped off 20% in September, its lowest volume since August 2005. http://www.lossmitigationopportunities.com//articles/?article=88http://www.lossmitigationopportunities.com//articles/?article=88Wed, 31 Oct 2007 00:00:00 ESTCountrywide and FBR both released earnings this morning, and they were not pretty.http://www.lossmitigationopportunities.com//articles/?article=89http://www.lossmitigationopportunities.com//articles/?article=89Fri, 26 Oct 2007 00:00:00 ESTReuters News Service and the Associated Press are both quoting a story in the Wall Street Journal on Wednesday that the controversial CEO of Countrywide Mortgage, Angelo Mozilo, is under an informal investigation by the Securities and Exchange Commission (SEC). Countrywide is the largest mortgage company in the country and Mozilo, its founder, is generally credited or blamed for the company's evolution from a mostly conventional lender into one where subprime products dominated. At issue is the sale by Mozilo of some 130 million of his company's stock in the first six months of 2007. It seems that there is...http://www.lossmitigationopportunities.com//articles/?article=86http://www.lossmitigationopportunities.com//articles/?article=86Thu, 18 Oct 2007 00:00:00 ESTThe U.S. Census Bureau and the U.S. Department of Housing and Urban Development issued their monthly joint report on August new house sales on Thursday. The July sales rate was itself revised downward from an original estimate of 870,000 units. The stunning figure, however, was the comparison of August 2007 data with that on sales one year earlier.... http://www.lossmitigationopportunities.com//articles/?article=85http://www.lossmitigationopportunities.com//articles/?article=85Fri, 28 Sep 2007 00:00:00 ESTLawmakers are looking for ways to stop banks from garnishing accounts holding protected funds, such as Social Security payments. http://www.lossmitigationopportunities.com//articles/?article=83http://www.lossmitigationopportunities.com//articles/?article=83Fri, 21 Sep 2007 00:00:00 EST"Recent statistics suggest that escalating foreclosures provide criminals with the opportunity to exploit and defraud vulnerable homeowners seeking financial guidance. http://www.lossmitigationopportunities.com//articles/?article=81http://www.lossmitigationopportunities.com//articles/?article=81Mon, 17 Sep 2007 00:00:00 ESTWASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy. http://www.lossmitigationopportunities.com//articles/?article=80http://www.lossmitigationopportunities.com//articles/?article=80Thu, 13 Sep 2007 00:00:00 ESTStocks rose sharply Thursday, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which said it had lined up added financing. http://www.lossmitigationopportunities.com//articles/?article=79http://www.lossmitigationopportunities.com//articles/?article=79Thu, 13 Sep 2007 00:00:00 ESTCountrywide boosted its borrowing capacity by $12 billion as the mortgage lender struggles to weather the slowdown in the housing market, the company said Thursday. http://www.lossmitigationopportunities.com//articles/?article=78http://www.lossmitigationopportunities.com//articles/?article=78Thu, 13 Sep 2007 00:00:00 ESTThe nation's largest home lender Countrywide Financial Corporation said it plans to cut up to 12,000 jobs, 20 percent of it's workforce, over the next three months. Most of the job cuts will take place in areas most affected by lower origination volumes. Countrywide said that it expects its 2008 loan originations to be about 25% lower than 2007. Countrywide also stated that it will... http://www.lossmitigationopportunities.com//articles/?article=84http://www.lossmitigationopportunities.com//articles/?article=84Mon, 10 Sep 2007 00:00:00 ESTOn a daily basis, the February filings were up 17.7% as compared to January. ... Also, these number are for total bankruptcy filings, not consumer filings ... http://www.lossmitigationopportunities.com//articles/?article=77http://www.lossmitigationopportunities.com//articles/?article=77Thu, 06 Sep 2007 00:00:00 ESTThe statement asks that all lenders "review to determine the full extent of their authority to identify borrowers at risk of default"even if the loans themselves have been securitized. http://www.lossmitigationopportunities.com//articles/?article=73http://www.lossmitigationopportunities.com//articles/?article=73Wed, 05 Sep 2007 00:00:00 ESTBush offered America some presidential words this morning to let us know he's on top of this whole subprime meltdown, credit crunch, liquidity crisis. On his agenda: An FHA bailout in the form of a new feel good loan program: FHA Secure . Let's pause for a moment and reflect back on how well HUD is currently doing. First of all, in order to originate an FHA loan, the stack of paperwork, hoops to jump through, policies and procedures, exceptions to the policies and procedures, and updates to the policies and procedures, are, shall we say, astronomical, and I'm just talking about qualifying the applicant, let alone underwriting and the appraisal process. http://www.lossmitigationopportunities.com//articles/?article=75http://www.lossmitigationopportunities.com//articles/?article=75Sun, 02 Sep 2007 00:00:00 ESTWASHINGTON - President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks. Housing analysts said it was highly likely the limited steps Bush outlined will be expanded in coming weeks ... http://www.lossmitigationopportunities.com//articles/?article=74http://www.lossmitigationopportunities.com//articles/?article=74Sat, 01 Sep 2007 00:00:00 ESTHit with Restrictionshttp://www.lossmitigationopportunities.com//articles/?article=72http://www.lossmitigationopportunities.com//articles/?article=72Sun, 26 Aug 2007 00:00:00 ESTOur home is supposed to be our castlehttp://www.lossmitigationopportunities.com//articles/?article=71http://www.lossmitigationopportunities.com//articles/?article=71Sun, 26 Aug 2007 00:00:00 ESTMortgage meltdown claims another victimhttp://www.lossmitigationopportunities.com//articles/?article=68http://www.lossmitigationopportunities.com//articles/?article=68Tue, 21 Aug 2007 00:00:00 ESTOne foreclosure for every 693 households last month. http://www.lossmitigationopportunities.com//articles/?article=65http://www.lossmitigationopportunities.com//articles/?article=65Tue, 21 Aug 2007 00:00:00 ESTLending meltdown may force Fed to cut interest rateshttp://www.lossmitigationopportunities.com//articles/?article=69http://www.lossmitigationopportunities.com//articles/?article=69Sun, 19 Aug 2007 00:00:00 ESTMortgage market too vital to be unregulated, Rep. Frank argueshttp://www.lossmitigationopportunities.com//articles/?article=67http://www.lossmitigationopportunities.com//articles/?article=67Sun, 12 Aug 2007 00:00:00 ESTNot the last -- corporate casualty of the subprime mortgage crisishttp://www.lossmitigationopportunities.com//articles/?article=70http://www.lossmitigationopportunities.com//articles/?article=70Sun, 05 Aug 2007 00:00:00 ESTIt's been a rough week for the housing market. Homebuilder confidence is in the gutter, existing home sales fell substantially and the bad news emanating from the subprime debacle continues top headlines. Now we have new home sales and builders reporting earnings. http://www.lossmitigationopportunities.com//articles/?article=62http://www.lossmitigationopportunities.com//articles/?article=62Fri, 27 Jul 2007 00:00:00 ESTParticipants and followers in the subprime mortgage market have temporarily stopped looking at the problems of the present and are today focusing on the horizon.http://www.lossmitigationopportunities.com//articles/?article=58http://www.lossmitigationopportunities.com//articles/?article=58Fri, 27 Jul 2007 00:00:00 ESTHurt by a slump in the housing market, the mortgage lender will cut 170 jobs when it shuts down operations in Louisiana and Iowa. http://www.lossmitigationopportunities.com//articles/?article=59http://www.lossmitigationopportunities.com//articles/?article=59Thu, 26 Jul 2007 00:00:00 ESTBank says its will stop offering 2/28 adjustable-rate mortgage loans in response to market, regulatory pressure. http://www.lossmitigationopportunities.com//articles/?article=60http://www.lossmitigationopportunities.com//articles/?article=60Mon, 23 Jul 2007 00:00:00 ESTFraudSouth Florida Attorney Charged With Mortgage Fraud. TALLAHASSEE - Attorney General Charlie Crist today announced the arrest of a South Florida attorney... http://www.lossmitigationopportunities.com//articles/?article=57http://www.lossmitigationopportunities.com//articles/?article=57Mon, 23 Jul 2007 00:00:00 ESTFlorida ranked No. 1 in mortgage fraud, over two times higher than the national average. http://www.lossmitigationopportunities.com//articles/?article=56http://www.lossmitigationopportunities.com//articles/?article=56Mon, 23 Jul 2007 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=55http://www.lossmitigationopportunities.com//articles/?article=55Mon, 23 Jul 2007 00:00:00 ESTThe Dow is soaring, and the economy is growing. So why are so many Americans bearish? Fortune's Nina Easton looks at an economy where money is plentiful, but security scarce.http://www.lossmitigationopportunities.com//articles/?article=61http://www.lossmitigationopportunities.com//articles/?article=61Thu, 19 Jul 2007 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=54http://www.lossmitigationopportunities.com//articles/?article=54Thu, 19 Jul 2007 00:00:00 ESTDelinquency and foreclosure rates continue to be low, particularly for borrowers holding traditional mortgage loans.http://www.lossmitigationopportunities.com//articles/?article=53http://www.lossmitigationopportunities.com//articles/?article=53Thu, 19 Jul 2007 00:00:00 ESTMore bad subprime announcements and mortgage delinquency report delivers a sucker punch to Wall Street.http://www.lossmitigationopportunities.com//articles/?article=52http://www.lossmitigationopportunities.com//articles/?article=52Thu, 19 Jul 2007 00:00:00 ESThttp://www.lossmitigationopportunities.com//articles/?article=66http://www.lossmitigationopportunities.com//articles/?article=66Fri, 13 Jul 2007 00:00:00 ESTA foreclosure sign sits in front of a home in Miami in March 2007. Fresh troubles in the subprime segment of the US housing market have reignited fears of contagion that could affect the broad financial sector and possibly the broader economy, analysts say.http://www.lossmitigationopportunities.com//articles/?article=51http://www.lossmitigationopportunities.com//articles/?article=51Thu, 12 Jul 2007 00:00:00 ESTThe Massachusetts State Ethics Commission said it will not seek a reprimand against Democratic Gov. Deval Patrick for allegedly using his influence in an improper manner. http://www.lossmitigationopportunities.com//articles/?article=50http://www.lossmitigationopportunities.com//articles/?article=50Thu, 21 Jun 2007 00:00:00 ESTOn Tuesday RealtyTrac released some pretty scary numbers relating to foreclosures. Results of the quarterly National Delinquency Survey conducted by the Mortgage Bankers Association (MBA) were released on Thursday and were much less alarmist than the RealtyTrac figures. According to Doug Duncan, MBA's Chief Economist and Senior Vice President of Research and Business Development, the data is being driven by circumstances in seven states. "Without these states... http://www.lossmitigationopportunities.com//articles/?article=48http://www.lossmitigationopportunities.com//articles/?article=48Fri, 15 Jun 2007 00:00:00 EST38 years after being founded, Freddie Mac will begin to act like other public companies.http://www.lossmitigationopportunities.com//articles/?article=47http://www.lossmitigationopportunities.com//articles/?article=47Fri, 15 Jun 2007 00:00:00 ESTSubprime borrowers faced more delinquencies and foreclosures during the first quarter compared to the previous quarter.http://www.lossmitigationopportunities.com//articles/?article=46http://www.lossmitigationopportunities.com//articles/?article=46Fri, 15 Jun 2007 00:00:00 ESTWe recently ran across this add on Craigslist: "BORROW SOMEONE'S CREDIT SCORE WHILE WE FIX YOURS You heard me... I'll get your score up to buy your house or car now, and we'll fix your credit for the future. This is the best value in town!!!!" Borrow someone's credit score? Yup, that's the deal and apparently it is legal. The phenomenon may not last long. FICO announced on June 12 that piggy-backing will soon come to an end when...http://www.lossmitigationopportunities.com//articles/?article=45http://www.lossmitigationopportunities.com//articles/?article=45Thu, 14 Jun 2007 00:00:00 ESTToday's News... Revised temporary selling and servicing requirements for mortgages affected by hurricanes Katrina and Rita http://www.lossmitigationopportunities.com//articles/?article=44http://www.lossmitigationopportunities.com//articles/?article=44Mon, 04 Jun 2007 00:00:00 ESTHopefully you will never be confronted with the reality of defaulting on your home mortgage, but should it happen, a little knowledge and were to call can actually be a very good thing.http://www.lossmitigationopportunities.com//articles/?article=49http://www.lossmitigationopportunities.com//articles/?article=49Fri, 01 Jun 2007 00:00:00 ESTThe rise in subprime mortgage foreclosures poses looming threats to the housing market, mortgage lenders, and homeowners across the country.http://www.lossmitigationopportunities.com//articles/?article=43http://www.lossmitigationopportunities.com//articles/?article=43Sat, 26 May 2007 00:00:00 ESTThe Federal Reserve does not foresee a broader economic impact from the growing number of mortgage defaults and home foreclosures, its chairman said yesterday. And he cautioned that heavy-handed regulation of lenders could have the unintended effect of adding to the strain on the troubled housing markethttp://www.lossmitigationopportunities.com//articles/?article=41http://www.lossmitigationopportunities.com//articles/?article=41Fri, 18 May 2007 00:00:00 ESTMortgage fraud in Florida rose 43% in 2006, giving the state the highest fraud rate in the country for the fourth year, according to the Mortgage Asset Research Institute.http://www.lossmitigationopportunities.com//articles/?article=40http://www.lossmitigationopportunities.com//articles/?article=40Thu, 17 May 2007 00:00:00 ESTMortgage industry bigwigs urged yesterday that the federal government forego any effort to extend subsidizes to nonprime borrowers in financial trouble. http://www.lossmitigationopportunities.com//articles/?article=39http://www.lossmitigationopportunities.com//articles/?article=39Thu, 17 May 2007 00:00:00 ESTWhen foreclosures climb, entire communities can go down. http://www.lossmitigationopportunities.com//articles/?article=37http://www.lossmitigationopportunities.com//articles/?article=37Wed, 16 May 2007 00:00:00 ESTHSBC Holdings Plc's United States mortgage business is in poor shape, according to a Securities and Exchange Commission filing.http://www.lossmitigationopportunities.com//articles/?article=36http://www.lossmitigationopportunities.com//articles/?article=36Tue, 15 May 2007 00:00:00 ESTForeclosure filings in the United States increased to more than 147,000 last month, according to RealtyTrac Inc.http://www.lossmitigationopportunities.com//articles/?article=35http://www.lossmitigationopportunities.com//articles/?article=35Tue, 15 May 2007 00:00:00 ESTFederal banking regulators are giving lenders more flexibility when they restructure high-interest rate mortgages given to home buyers with poor credit.http://www.lossmitigationopportunities.com//articles/?article=34http://www.lossmitigationopportunities.com//articles/?article=34Tue, 15 May 2007 00:00:00 ESTHUD Secretary remains wary of proposals that suggest a federal bailout of the subprime industry is warranted. http://www.lossmitigationopportunities.com//articles/?article=33http://www.lossmitigationopportunities.com//articles/?article=33Mon, 14 May 2007 00:00:00 ESTFHA Proposed Rule: Posted by Dan Schultz of American Loss Mitigation Consortium (May 11, 2007) Would address a situation in which the mortgagor's investment (downpayment) is derived from a gift, loan, or other payment that is provided by any donor, including an individual or an organization, and would also specify prohibited sources for a mortgagor's investment (downpayment).http://www.lossmitigationopportunities.com//articles/?article=31http://www.lossmitigationopportunities.com//articles/?article=31Fri, 11 May 2007 00:00:00 ESTBank of America Corp. CEO Ken Lewis chastised the credit industry and called for more lending "sanity." http://www.lossmitigationopportunities.com//articles/?article=32http://www.lossmitigationopportunities.com//articles/?article=32Thu, 10 May 2007 00:00:00 ESTPosted by Aaron Johnson 2007-05-09 10:40:39.0 Moody's investors Service's loss expectations for the nonprime mortgage-backed securities market have increased 30% since 2003. http://www.lossmitigationopportunities.com//articles/?article=30http://www.lossmitigationopportunities.com//articles/?article=30Wed, 09 May 2007 00:00:00 ESTTwo associations representing owners of multi-family properties have brought suit again the Department of Housing and Urban Development over new regulations that require them to provide written materials and services to tenants and potential tenants for whom English is not their primary language. ...Arbury suggested that, rather than putting the burden on apartment owners, HUD should use its own resources to translate the necessary documents into the more than 100 different languages spoken in the U.S. rather than... http://www.lossmitigationopportunities.com//articles/?article=29http://www.lossmitigationopportunities.com//articles/?article=29Mon, 07 May 2007 00:00:00 ESTMom of Four Lost Home & Husband After Refi Flub: 'It's Totally Humiliating'http://www.lossmitigationopportunities.com//articles/?article=27http://www.lossmitigationopportunities.com//articles/?article=27Thu, 26 Apr 2007 00:00:00 ESTSoothing news about inflation was reflected by declining mortgage interest rates last week, although Freddie Mac and the Mortgage Bankers Association were in substantial disagreement about the scale of the changes. http://www.lossmitigationopportunities.com//articles/?article=26http://www.lossmitigationopportunities.com//articles/?article=26Wed, 25 Apr 2007 00:00:00 ESTIn the second major job cut this year, Residential Capital LLC announced it would eliminate 1,000 jobs due to the "deterioration of the subprime mortgage market."http://www.lossmitigationopportunities.com//articles/?article=25http://www.lossmitigationopportunities.com//articles/?article=25Thu, 19 Apr 2007 00:00:00 ESTIn California, mortgage defaults reached a 10-year high in the first quarter, largely spurred by people who either took out equity or bought homes in the past two years.http://www.lossmitigationopportunities.com//articles/?article=24http://www.lossmitigationopportunities.com//articles/?article=24Tue, 17 Apr 2007 00:00:00 ESTWhile overall mortgage lending rose 5% from March 2006 at Countrywide Financial Corp., the share of its portfolio facing foreclosure nearly doubled. http://www.lossmitigationopportunities.com//articles/?article=23http://www.lossmitigationopportunities.com//articles/?article=23Fri, 13 Apr 2007 00:00:00 ESTMore than a million homeowners will be forced into foreclosure in the next six years, according to Christopher Cagan, director of research at First American CoreLogic.http://www.lossmitigationopportunities.com//articles/?article=22http://www.lossmitigationopportunities.com//articles/?article=22Fri, 13 Apr 2007 00:00:00 ESTA coalition of housing activists and civil rights groups has called for a six month moratorium on foreclosures to provide time for financially troubled homeowners with time to solve their problems. Josh Nassar of the Center for Responsible Lending blamed the loans' terms for the rising foreclosure threat and said that... http://www.lossmitigationopportunities.com//articles/?article=21http://www.lossmitigationopportunities.com//articles/?article=21Fri, 13 Apr 2007 00:00:00 ESTAs hundreds of billions of dollars worth of these loans "reset" to higher monthly payments, many so-called "subprime" borrowers - historically those with shaky credit histories - are sitting on financial time bombs. They're finding out the hard way that the paperwork they signed may have buried them under a crushing debt load they can't sustain. http://www.lossmitigationopportunities.com//articles/?article=19http://www.lossmitigationopportunities.com//articles/?article=19Tue, 10 Apr 2007 00:00:00 ESTDavid Lereah, the chief economist for the National Association of Realtors (NAR) has weighed in on the bankruptcies, foreclosures, and predicted Armageddon in the subprime mortgage market. So where does Lereah see us going from here? ...He expects that today's subprime problems are likely to spill over into the housing sector and the economy in a number of ways. He projects that, if lenders exercised poor underwriting in the subprime market, it is likely that these practices were also used for their Alt A loans and possibly even into prime mortgage lending as well. http://www.lossmitigationopportunities.com//articles/?article=18http://www.lossmitigationopportunities.com//articles/?article=18Tue, 10 Apr 2007 00:00:00 ESTMoney lending institutions have tarred entire segments of the population as credit unworthy through the mortgage industry's own discriminatory, irresponsible - and now reckless - behavior. http://www.lossmitigationopportunities.com//articles/?article=20http://www.lossmitigationopportunities.com//articles/?article=20Mon, 09 Apr 2007 00:00:00 ESTCongressional hearings, press releases, opinions, and political agendas may or may not be adding clarity to the subprime mortgage discussion but they are beginning to show where the lines are drawn.http://www.lossmitigationopportunities.com//articles/?article=17http://www.lossmitigationopportunities.com//articles/?article=17Mon, 02 Apr 2007 00:00:00 ESTNew Century Bankruptcy Filing Expected This Morning Posted by Aaron Johnson 2007-04-02 06:42:18.0 Irvine, Calif.-based New Century Financial Corp. is expected to announce this morning it will file for bankruptcy. http://www.lossmitigationopportunities.com//articles/?article=5http://www.lossmitigationopportunities.com//articles/?article=5Mon, 02 Apr 2007 00:00:00 EST4/1/2007 - San Diego, CA Top 10 States with Most Foreclosures http://www.lossmitigationopportunities.com//articles/?article=12http://www.lossmitigationopportunities.com//articles/?article=12Sun, 01 Apr 2007 00:00:00 ESTDLJ Mortgage Capital Corp., a New York-based unit of Zurich, Switzerland-based Credit Suisse [ticker: CS], has filed lawsuits totaling $30 million against three mortgage lenders.http://www.lossmitigationopportunities.com//articles/?article=6http://www.lossmitigationopportunities.com//articles/?article=6Fri, 30 Mar 2007 00:00:00 EST[Real-Estate:Mortgage-Refinance? by Dan Schultz] As there is an array of reasons one might find himself in such a predicament, each homeowner's case is unique. There are options available that can prevent foreclosure. A homeowner needs only to know whether or not any processes apply to his case. Therefore it is important for a homeowner in danger of foreclosure to fully assess his situation and determine what can be done to prevent losing the house in which he has invested so much time and energy.http://www.lossmitigationopportunities.com//articles/?article=7http://www.lossmitigationopportunities.com//articles/?article=7Tue, 20 Mar 2007 00:00:00 ESTAmerican Loss Mitigation Agency, a financial counseling group, received 4,500 requests from homeowners for help on its website (www.FederalHomAid.com or www.ALMAHelp.com), 150% more than last year. The homeowner requests are in financial difficulty and often trying to stave off foreclosure.http://www.lossmitigationopportunities.com//articles/?article=3http://www.lossmitigationopportunities.com//articles/?article=3Mon, 12 Mar 2007 00:00:00 EST[Foreclosure and Loss Mitigation] If Your Home Loan is Guaranteed by FHA or VA - You May Have Additional Options http://www.lossmitigationopportunities.com//articles/?article=13http://www.lossmitigationopportunities.com//articles/?article=13Thu, 08 Mar 2007 00:00:00 ESTLearn the benefits of pursuing a new career in loss mitigation. Under the guidance of the nations leading mentor and author of running and operating a legal Loss Mitigation Practice Dan Schultz.http://www.lossmitigationopportunities.com//articles/?article=8http://www.lossmitigationopportunities.com//articles/?article=8Tue, 13 Feb 2007 00:00:00 EST[Options For Preventing Foreclosure by Dan Schultz] The last thing a homeowner wants to face is the possibility of foreclosure. Troubles with finances can happen suddenly and without warning, leaving a homeowner despondent over where to find enough money to pay the mortgage. Whether this crisis arises from an medical emergency of loss of employment, it is important to immediate consider your options so you don't lose more.http://www.lossmitigationopportunities.com//articles/?article=9http://www.lossmitigationopportunities.com//articles/?article=9Thu, 08 Feb 2007 00:00:00 EST[What is Loss Mitigation by Dan Schultz] Defaulting on a mortgage payment does not bode well for the future security of one's home. In addition, the inability to pay will reflect upon further credit reports and may prevent people from being to able to buy elsewhere. Those with little understanding of real estate and major finances may think there is no other option but to let the bank foreclose on the home; however, with the help of a loss mitigation counselor, there is hope for the homeowner.http://www.lossmitigationopportunities.com//articles/?article=10http://www.lossmitigationopportunities.com//articles/?article=10Fri, 26 Jan 2007 00:00:00 EST[Foreclosure - Cause and Effects by Dan Schultz] For homeowners, the one word that invokes the most concern is foreclosure. Whether through tragic circumstances or situations beyond the homeowner's control, foreclosure is a threat that can lead to many problems in the future. Fortunately, foreclosure is something that can be avoided in times of financial trial, if one knows where to get help.http://www.lossmitigationopportunities.com//articles/?article=11http://www.lossmitigationopportunities.com//articles/?article=11Thu, 25 Jan 2007 00:00:00 ESTConsumer advocates and the public appear to be completely unaware of the total and complete victory of the creditors under the new legislation. http://www.lossmitigationopportunities.com//articles/?article=2http://www.lossmitigationopportunities.com//articles/?article=2Tue, 23 Jan 2007 00:00:00 EST[Choosing a Lawyer - Loss Mitigators by Dan Schultz] Finding the right lawyer is a critical task for this type of business. We have found that a lawyer who can meet your needs should possess several key qualities. Among the most important are honesty, experience in your field, and availability.http://www.lossmitigationopportunities.com//articles/?article=14http://www.lossmitigationopportunities.com//articles/?article=14Mon, 20 Nov 2006 00:00:00 EST[Characteristics of the Successful Entrepreneur by Dan Schultz] A good deal is known about what it takes to be a successful entrepreneur. For the most part, it seems the one overriding factor is a tremendous need to achieve. In short, attitude seems to have almost everything to do with success in business, while factors, such as intelligence, education, physical appearance, and a pleasing personality, are much less important.http://www.lossmitigationopportunities.com//articles/?article=15http://www.lossmitigationopportunities.com//articles/?article=15Sun, 05 Nov 2006 00:00:00 EST