Mortgage Foreclosure & Refinance Resource

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. [...]

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Kwaku Atta Poku, the Columbia cab owner who lost his family’s townhouse to foreclosure after a refinancing, despite having made every mortgage payment, is to get another chance to present his case today in Maryland’s highest court. In arguments that could change how lower courts handle foreclosure cases, attorneys for the immigrant from Ghana are [...]

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First found by mortgagemeltdown, Baltimore Sun reports that to stem foreclosures in Baltimore, Mayor Sheila Dixon’s administration is suing California-based Wells Fargo Bank mortgage provider for what the city says has been a pattern of higher-interest subprime mortgages to blacks more frequently than to whites and that the practice, known as reverse redlining, which violates [...]

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