Two lawsuits were filled today. One against Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac, “secretly and intentionally participated in one of the largest housing investment deceptions in modern U.S. economic times,” Ohio Attorney General Marc Dann last Friday filed a securities fraud class action lawsuit in federal court in Youngstown, Ohio. [...]
Entries from January 2008
Latest Lawsuits: Freddie Mac in Ohio, Foreclosure Avoidance Scam in Florida
January 24th, 2008 · 1 Comment
Tags: Avoiding Foreclosure · Mortgage Litigation · Mortgage Scams
Dodd Proposes Federal Homeownership Preservation Corp To Buy “Very Distressed” Mortgages
January 23rd, 2008 · No Comments
Update: We missed this earlier from the announcement but Dodd also announced that Freddie Mac would purchase up to $20 billion in fixed-rate and hybrid Adjustable Rate Mortgage (ARM) products that will assist families affected by the subprime crisis and help make the market safer for all borrowers. Senate Banking Committee Chairman Christopher Dodd proposed [...]
Tags: Avoiding Foreclosure · Mortgage Legislation · Mortgage Refinancing
Home Owner Sues Real Estate Agent over Price
January 22nd, 2008 · No Comments
In a case currently being litigated in Carlsbad, California the home buyers claims that the real estate agent hid the information that similar homes in the neighborhood were selling for less because he feared she would back out and he would lose his $30,000 commission and are now suing the agent, saying it was all [...]
Tags: Mortgage Notes