Foreclosure Fraud Alert – Fraudblog

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The amount of mortgage approvals in Jan this year rose from around 38,000 to 39,230 which is a 4% rise on the previous month and according to the figures released by the Bank of England, the rise in mortgage [...]

The “two steps forward, one step back” economic news continued last week. On Friday rates went up, and nervous brokers locked in early. We had Ben Bernanke saying that there are signs that the economy is improving, or at least leveling out. And if to prove it, Existing Home Sales were up over 7% to [...]

Georgia, like many other states, has its fair share of manufactured housing. According to the Atlanta Journal-Constitution, “Federal and state regulators have put as many as one-third of Georgia’s 300 banks under intensified monitoring and recovery plans, mostly strict enforcement orders a step or two short of seizure, according to banking experts. A majority of [...]

Seems like just another day in the mortgage business. First, Bank of America won a restraining order barring Colonial Bank from selling or otherwise disposing of $1 billion in cash and loans held by Colonial. Colonial, who most think will be taken over by the FDIC any day now (and today IS Friday…), was [...]