RealEstateProNewswire.com™

IRVINE, CA (AttorneyNewswire.com) — August 6, 2010 — The intended purpose of a loan modification is to lower monthly mortgage payments for the borrower, usually as an alternative to foreclosure.  This tactic is often preferred over foreclosure because of how expensive a foreclosure can be for the lender.  The reason why loan modifications have...
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IRVINE, CA (AttorneyNewswire.com) — August 4, 2010 — Martin Andelman, self proclaimed consumer advocate, helps borrowers facing foreclosure much differently than the attorneys at Irvine based law firm McFarlin & Geurts, LLC.  While both ultimately seek to serve the borrowers who have been dealt a raw deal by our current recession, few similarities between...
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SANTA ROSA, CA (RealEstateProNewswire.com) — August 2, 2010 — Stated income loans were mortgage loans made to borrowers without proving their income sources. They were largely removed from circulation after the 2007 mortgage meltdown. After that, loans made without income and sometimes without assets became extremely rare and coveted. Several intrepid portfolio lenders getting...
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IRVINE, CA (AttorneyNewswire.com) — July 26, 2010 — California mortgage brokers will have to pass criminal background checks, credit checks, and licensing exams by July 31 before being allowed to work in the state.  California is one of many states that did not previously require mortgage brokers to earn individual licenses, but the move...
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IRVINE, CA (AttorneyNewswire.com) — July 23, 2010 — Alin Negrila, a San Antonio, TX resident and Bank of America customer, bought his home just before the economy fell.  When it became difficult for Negrila to make his monthly mortgage payments, he contacted his lender to discuss his options.  Negrila was placed on a forbearance...
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WASHINGTON, DC (AttorneyNewswire.com) — July 20, 2010 — Recognizing that robust whistleblower protection is critical to preventing another financial crisis, Congress included in the Dodd-Frank financial services reform bill numerous provisions to encourage whistleblowing and to provide robust protection from retaliation. The bill provides substantial monetary rewards for reporting fraud to the Securities and...
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IRVINE, CA (AttorneyNewswire.com) — July 13, 2010 — Even though the public has been warned against the types of scams that prey on homeowners facing foreclosure, a large number of those homeowners continue to be made victims by clever thieves posing as loan modification companies.  One tactic used by scammers is to request the...
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