It is no secret that Americans are less than pleased with the way the mortgage industry has been affected by the economy in recent years. The foreclosure crisis and underwater mortgage troubles have taken a toll on many homeowners. A recent survey has found that the level of disappointment and confusion goes deeper than once  … Read more

Homeowners are not the only ones that suffer when mortgage debt issues arise. Although they may take the brunt of the impact, mortgage debt goes far beyond the pockets of homeowners. Mortgage security investors also take a hit in the form of losses. Now, several big banks are being sued over investor losses due to  … Read more

Mortgage and foreclosure fraud schemes have been lurking around for a while now. As the Federal Trade Commission works to investigate thousands of consumer complaints each month, other agencies have stepped into help police such scams. A recent investigation in Gainesville, VA lead to the conviction of five people, who all face possible jail time  … Read more

It hasn’t been long since lenders have become more open to the idea of short sales as a foreclosure alternative. Once thought to be more problematic for both lender and homeowner, they weren’t easily considered in years past. Now that lenders can recoup more of their loan and minimize risk in a short sale over  … Read more

Distressed homeowners face tough challenges when foreclosure looms over their heads and lenders appear unwilling to negotiate. Unfortunately, many homeowners have ended up in mortgage debt trouble simply because they fear dealing with lenders and the risk of rejection. However, an online consumer education firm has released a new software program that can help homeowners  … Read more

Ally Financial Inc. is one of many financial servicers offering consumers ways to manage their money through online banking services, CDs, retirement and money market accounts. Ally also offers mortgage loans and auto financing options, but has recently faced financial trouble in their mortgage unit that lead to an industry shocking decision. Crisis In Mortgage  … Read more

California has taken a huge hit as a result of the foreclosure and mortgage crisis. However, California also has an attorney general who has been fighting diligently to step up mortgage debt relief efforts and increase lending regulations. Attorney General Kamala Harris has put a few new bills on the table to help spur change  … Read more

After a long battle earlier this year, a settlement was reached that issued a $26 billion payout for all the trouble surrounding the unlawful foreclosure and mortgage debt crisis. Each state that agreed to the settlement allocated a specific portion of these funds to be used to help struggling homeowners with their mortgages. However, some  … Read more

In the wake of the recession and housing market disaster the government has implemented a few ways to help Americans stave off bankruptcy and foreclosure. However, as 2012 continues there is a battle in the White House about which programs will be renewed, if any. Mortgage Debt In 2007, the federal government passed a bill  … Read more

The state of Nevada isn’t taking mortgage lending lightly these days. As one of the hardest hit states of the foreclosure crisis, Nevada residents have suffered a lot at the fate of the economy and poor lending practices. In efforts to stamp out  further troubles with mortgage and foreclosure scams, the Nevada Division of Mortgage  … Read more