Mortgage Foreclosure & Refinance Resource

In a scathing article, “MORTGAGE MELTDOWN Interest rate ‘freeze’ – the real story is fraud Bankers pay lip service to families while scurrying to avert suits, prison” Sean Olender gets to the heart of the proposed ‘buyout’ and ‘freeze’. A must read article, but here is the gist: The sole goal of the freeze is [...]

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Today Bernstein Litowitz Berger & Grossmann LLP announced the establishment of a new practice group in the wake of the collapse of the subprime mortgage industry and the continuing revelations of misconduct by mortgage lenders, bankers and rating agencies. The newly formed Subprime Litigation Practice Group will help ensure that the rights of institutional and [...]

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Here a few more more points on the mortgage bailout as found from other sources on the web: Bailout in a finance term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given liquid funds, in order to meet its short term obligations. Often [...]

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