Jun
17
Mortgage brokers will be held to higher standards, exotic mortgages that hide exploding costs will no longer be the norm, home mortgage disclosures will be reasonable, clearly written, and concise,? Obama said. Clinton would have just unveiled a broad.
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/obama-unveils-broad-financial-oversight-plan/
Jun
15
Shocking. Maybe Chase thinks “F” is for (sing it) Fabulous!
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/chase-better-business-bureau-rating-of-f/
Jun
15
Wholly-owned JP Morgan Chase subsidiary, EMC Mortgage as it turns out has quite the track record. Along with Bear Stearns, they paid $28 million to settle with the FTC on charges of unlawful mortgage servicing and debt collection practices in September of 2008. EMC Mortgage is featured on a site called the Ripoff Report, where …
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/jp-morgan-chase-continues-foreclosure-proceedings-despite-promised-freeze/
Jun
15
The state of California is imposing a 90-day moratorium on all foreclosures as part of the new California Foreclosure Prevention Act that goes into effect tomorrow. The law requires that lenders prove they tried to modify a borrower?s loan before initiating foreclosure proceedings. The law is expected to make lenders try harder to keep borrowers …
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/california-foreclosure-prevention-act-goes-into-effect-tomorrow/
Jun
15
When the people are working with the bank to get their modification done they MUST remember that the bank is in business to win. You have to think like the bank for a minute and make sense of this – They are never going to give you the best deal. The bank is a business …
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/the-bank-is-out-for-them-not-you/
Jun
14
When you apply for a home mortgage, you may think that the lender, or loan originator, will service the loan until it is paid off or your house is sold. However, in today’s market mortgage servicing rights often are bought and sold. The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute. Sections …
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/your-rights-and-the-responsibilities-of-the-mortgage-servicer/
Jun
14
Enacted in 1968, the Truth in Lending Act (TILA), which is part of the Consumer Credit Protection Act, is a federal law that sets forth certain written disclosure requirements. Disclosures required by the act include: * Finance Charge – this is the amount charged to the borrower for a loan * Annual Percentage Rate (APR) …
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/truth-in-lending-act/
Jun
11
June 11, 2009 Dear Mr. Thank you for contacting me and sharing your experience in the mortgage crisis. I’m sorry to hear about your difficulties, and I appreciate you taking the time to share your thoughts on this important matter. As our nation faces one of the deepest recessions in generations, millions of workers have …
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/message-from-congresswoman-lynn-woolsey-bs-the-obama-plan-is-not-working/
Jun
09
When Obama launched his mortgage rescue plan, he promised that it would help five million households. So far, he is about 4,969,000 short of his goal. solid.
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/obamas-mortgage-rescue-plan-is-a-failure/
Jun
08
Great link for information. Please to enjoy: http://www.frbsf.org/community/issues/assets/preservation/index.html
Permanent link to this article: http://chasehomefinancesucks.com/2009/06/foreclosure-resource-center/
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