Foreclosure Industry

Credit Scores are Not the Best Predictor of Default?

This is a very interesting article…do you think credit scores are the reason banks aren’t lending? This NYT article makes it sound as if the banks have “drawn the line in the sand” and if you don’t make the cut, forget about getting a loan. The mortgage broker in this story made the following statement: [...] Related posts:

Credit Scores, Financial Responsibility and a Challenge Josh and I have been hard at work on our...
Do Credit Scores Really Matter Anymore? A friend of mine sent me this blog post from...
Credit Default Swaps Explained I’ve mentioned credit default swaps before, but this article from...

Will Wall Street Will Beat Financial Reform?

A few weeks ago, I talked about the banking system and that I thought it would not exist in its current form for much longer. Today I read this article on CNBC from Jeff Cox, whose article says that Wall Street will be bigger and stronger as a result of the new financial reform bill. [...] Related posts:

RollerCoaster Wall Street The Dow drops more than 700 points in one day....
What Does the Next Generation Financial Institution Look Like? I read a very interesting article on MSNBC, and I’m...
Is Lender Reform Coming? Let’s all hope so! Last night I had dinner with...

Cleaning Up After Financial Disaster

As many of you know, I’ve been through my own financial disaster over the last year. I am ready to start figuring out how to clean up this mess, which is why I’ve started writing the blog at Have Good Credit. Today I posted an article about how important it is to get your finances [...] Related posts:

What Does the Next Generation Financial Institution Look Like? I read a very interesting article on MSNBC, and I’m...
Credit Scores, Financial Responsibility and a Challenge Josh and I have been hard at work on our...
Greenspan Shocked at the Financial Failures Former Federal Reserve Chairman Alan Greenspan says he is shocked...

Why TILA/RESPA Claims Don’t Win Lawsuits

Here it is in black and white….if you read this 9th Circuit Appeals Brief filed by Bank of America, you will understand why TILA/RESPA and other “alphabet” claims will probably not win a lawsuit. I hate to say it, but the Bank’s attorneys did an outstanding job on this brief. I haven’t read the entire [...] Related posts:

Qui Tam Lawsuits A few days ago, we posted a copy of a...
Qualified Written Requests, RESPA and Mortgage Servicing When you apply for a loan product, there are two...
9th Circuit Denies US Bank’s Motion to Dismiss for No Tender Big news from the 9th Circuit Federal Court! Thanks to...

Credit Scores, Financial Responsibility and a Challenge

Josh and I have been hard at work on our newest project, the blog at www.havegoodcredit.com. If you read my blog post on this site about whether credit scores really matter, you know where I stand on this issue. If you also read the comments on that post, you also know that Josh and I [...] Related posts:

Do Credit Scores Really Matter Anymore? A friend of mine sent me this blog post from...
Cleaning Up After Financial Disaster As many of you know, I’ve been through my own...
What Does the Next Generation Financial Institution Look Like? I read a very interesting article on MSNBC, and I’m...

Principal Reduction Programs

Over the last week, I’ve received several e-mails from readers asking for information about principal reduction programs. I’ve heard stories about investors buying notes directly from the banks, and other programs that require a homeowner to pay around $2,500 up front to participate, but I don’t have any personal knowledge of whether these are legitimate. [...] Related posts:

Principal Reduction Coming to AZ? Wall Street got their bailout, that’s bitter, yet old news;...
Bank of America Announces It Will Offer Principal Reductions Yes, you read that correctly….take a look at this article...
Are Principal Reductions Coming? I think it’s a possibility, although if I’d seen this...

They Say It’s About the Numbers…

This is a guest post by my friend, Stephanie Shaw. I’ve asked her to contribute to our blog, as I’d like to have a few more voices besides mine, and we want to talk about a few other things that are relevant these days. If you like the post, let us know — post [...] Related posts:

In Defense of Liberty I saw a very interesting article in Sunday’s paper in...
Everyone’s Defaulting, Aren’t You? Here’s a link to an interesting article on one of...
SB 1271 Is Officially Repealed As you might have heard, SB 1271 was officially repealed...

Changes to Our Loan Audit Services

Arizona SB 1030, which was intended to target loan modification companies, goes into effect on July 29. The statute makes it illegal for foreclosure consultants in Arizona to take fees before a service has been rendered. I’m sure you’re all familiar with these laws, as they are already in place in many parts of the [...] Related posts:

Get Your Loan Audit While You Can…. I just ran across this story on ABC 15’s website...
Announcing No Upfront Fees for Loan Audits I’ve been thinking for the last week about how to...
Do You Really Need a Loan Audit? The simple answer is: if you can afford it, everyone...

What Does the Next Generation Financial Institution Look Like?

I read a very interesting article on MSNBC, and I’m sharing it because I think the author of the article actually has some good points for a change. I think he’s saying that the financial industry may have again been left to police itself under the new financial reform bill, which he says doesn’t make [...] Related posts:

Watch Out For Bank Fees! Banks are increasingly being squeezed by new legislation and credit...
Cleaning Up After Financial Disaster As many of you know, I’ve been through my own...
SB 1271 Is Officially Repealed As you might have heard, SB 1271 was officially repealed...

The Times, They Are a Changin

I would like to take this opportunity to thank all of our blog readers who comment and send me feedback, whether it is in the comments section of the blog or via email. As always, I invite a discussion/debate and I am grateful to have an engaged audience not shy about giving their 2 cents. [...] Related posts:

NY Times does an in depth review of the Housing Crisis Did President Bush’s push for higher home ownership fuel the...
Will Wall Street Will Beat Financial Reform? A few weeks ago, I talked about the banking system...
IndyMac Foreclosures This is the Loan Sale Agreement between the FDIC and...