Mortgage Foreclosure & Refinance Resource

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 fighting [...]

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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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According to a NYTimes article, the Countrywide Financial Corporation fabricated documents related to the bankruptcy case of a Pennsylvania homeowner, raising new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
The emergence of the fabricated documents comes as Countrywide confronts a rising tide of complaints from borrowers [...]

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