Mortgage Foreclosure & Refinance Resource

Mortgage Refinance and Loan Modification News and Guides

Washington Mutual Loses Record Payments, Forces Foreclosure

January 15th, 2008 · No Comments

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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Tags: Foreclosure Information · Mortgage Legislation · Mortgage Litigation

Industry Wide Writedowns Top $46 Billion (Wachovia, BofA, WaMu, PNC)

December 12th, 2007 · No Comments

The nation’s housing and mortgage-lending slump keeps growing with industry write-downs topping $46 billion.
Today, Wachovia Corp doubled its estimate of loan loss provisions to about $1 billion for the fourth quarter while the chief executive of rival Bank of America Corp. said he expects current credit market turbulence to extend into 2008. In November, Bank [...]

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Tags: Foreclosure Information · Foreclosure Statistics

NY Attorney General Files Suit against First American Corporation

December 8th, 2007 · 1 Comment

According to the New York Times, Andrew M. Cuomo, New York’s attorney general has recently filed a suit accusing the First American Corporation of overstating property appraisals to please Washington Mutual, a client; both companies deny that. Mr. Cuomo has also demanded

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Tags: Mortgage Litigation