<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Loan Modification Homeowner Resources.Org</title>
	<atom:link href="/feed/" rel="self" type="application/rss+xml" />
	<link></link>
	<description></description>
	<lastBuildDate>Sat, 15 Oct 2011 17:11:50 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0</generator>
		<item>
		<title>Supreme Court of Massachusetts upholds decision to dismiss foreclosures where banks fail to prove ownership of mortgages</title>
		<link>/2011/10/15/supreme-court-of-massachusetts-upholds-decision-to-dismiss-foreclosures-where-banks-fail-to-prove-ownership-of-mortgages/</link>
		<comments>/2011/10/15/supreme-court-of-massachusetts-upholds-decision-to-dismiss-foreclosures-where-banks-fail-to-prove-ownership-of-mortgages/#comments</comments>
		<pubDate>Sat, 15 Oct 2011 15:15:41 +0000</pubDate>
		<dc:creator>Gail Simmons</dc:creator>
				<category><![CDATA[Success Stories]]></category>
		<category><![CDATA[foreclosure dismissal]]></category>
		<category><![CDATA[foreclosure dismissed]]></category>
		<category><![CDATA[Massachusetts supreme court]]></category>
		<category><![CDATA[U.S. Bank v. Ibanez]]></category>

		<guid isPermaLink="false">/?p=2157</guid>
		<description><![CDATA[Critical high court decision favors homeowners vs. banks when proof of mortgage ownership is lacking.  This is a major victory for all homeowners fighting for a loan modification or to stop foreclosure.]]></description>
		<wfw:commentRss>/2011/10/15/supreme-court-of-massachusetts-upholds-decision-to-dismiss-foreclosures-where-banks-fail-to-prove-ownership-of-mortgages/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Success stories of homeowners using the laws to keep their home</title>
		<link>/2011/10/14/success-stories-of-homeowners-using-the-laws-to-keep-their-home-in-the-news/</link>
		<comments>/2011/10/14/success-stories-of-homeowners-using-the-laws-to-keep-their-home-in-the-news/#comments</comments>
		<pubDate>Fri, 14 Oct 2011 20:13:25 +0000</pubDate>
		<dc:creator>Gail Simmons</dc:creator>
				<category><![CDATA[Success Stories]]></category>
		<category><![CDATA[foreclosure dismissal]]></category>
		<category><![CDATA[foreclosure dismissed]]></category>
		<category><![CDATA[foreclosure fraud]]></category>

		<guid isPermaLink="false">/?p=2141</guid>
		<description><![CDATA[Join the growing number of homeowners who are successfully fighting back to keep their home.  Learn how they are able to use the laws and courts to bypass loan modification hell and stop foreclosure.]]></description>
		<wfw:commentRss>/2011/10/14/success-stories-of-homeowners-using-the-laws-to-keep-their-home-in-the-news/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Nevada AG charges Bank of America with luring families into loan mod program under false pretenses</title>
		<link>/2011/03/29/nevada-ag-charges-bank-of-america-with-luring-families-into-loan-mod-program-under-false-pretenses/</link>
		<comments>/2011/03/29/nevada-ag-charges-bank-of-america-with-luring-families-into-loan-mod-program-under-false-pretenses/#comments</comments>
		<pubDate>Tue, 29 Mar 2011 17:08:48 +0000</pubDate>
		<dc:creator>Gail Simmons</dc:creator>
				<category><![CDATA[News Updates]]></category>
		<category><![CDATA[loan modification]]></category>
		<category><![CDATA[mortgage modification]]></category>
		<category><![CDATA[Nevada AG compliant against Bank of America]]></category>
		<category><![CDATA[Senator Richard Shelby of Alabama]]></category>

		<guid isPermaLink="false">/?p=1918</guid>
		<description><![CDATA[A closer look at the the complaint against Bank of America The complaint filed by Nevada’s attorney general against Bank of America charges the bank with luring families into its loan-modification program — supposedly to help them keep their homes — under false pretenses; with giving false information about the program’s requirements (for example, telling them that they had to default on their mortgages before receiving a modification); with stringing families along with promises of action, then “sending foreclosure notices, scheduling auction dates, and even selling consumers’ homes while they waited for decisions”; and, in general, with exploiting the program to enrich itself at those families’ expense. The end result, the complaint charges, was that “many Nevada consumers continued to make mortgage payments they could not afford, running through their savings, their retirement funds, or their children’s education funds. Additionally, due to Bank of America’s misleading assurances, consumers deferred short-sales and passed on other attempts to mitigate their losses. And they waited anxiously, month after month, calling Bank of America and submitting their paperwork again and again, not knowing whether or when they would lose their homes.” Even a routine mortgage refi became a nightmare Recently Dana Milbank, the Washington [...]]]></description>
		<wfw:commentRss>/2011/03/29/nevada-ag-charges-bank-of-america-with-luring-families-into-loan-mod-program-under-false-pretenses/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank of America faces fines or regulator actions from faulty foreclosure documents</title>
		<link>/2011/03/24/bank-of-america-faces-fines-or-regulator-actions-from-faulty-foreclosure-documents/</link>
		<comments>/2011/03/24/bank-of-america-faces-fines-or-regulator-actions-from-faulty-foreclosure-documents/#comments</comments>
		<pubDate>Thu, 24 Mar 2011 16:42:28 +0000</pubDate>
		<dc:creator>Gail Simmons</dc:creator>
				<category><![CDATA[News Updates]]></category>
		<category><![CDATA[bank of america faulty foreclosures]]></category>
		<category><![CDATA[bank of america flawed loans]]></category>
		<category><![CDATA[wells fargo faulty foreclosures]]></category>
		<category><![CDATA[wells fargo flawed loans]]></category>

		<guid isPermaLink="false">/?p=1915</guid>
		<description><![CDATA[Bank of America and Wells Fargo, the largest U.S. mortgage firms, said they may face fines or enforcement actions from regulators amid investigations into foreclosure procedures. The probes may also lead to significant legal costs and investors will not let this issue go away. Blake Howells, an analyst at Becker Capital Management Inc. in Portland, Oregon, said, “There will be more lawsuits that come down the road.” The largest U.S. banks have been trying to reassure investors that costs from faulty foreclosure documents are manageable. Wells Fargo said it didn’t expect litigation costs to have a “material adverse” impact on its financial position. Bank of America said it faced $230 million in fees from slowed foreclosures. U.S regulators want $20 Billion Deal U.S. regulators may try to extract $20 billion of penalties in a settlement with banks that serviced flawed loans. Terms of an accord, from regulators led by the Treasury Department and Department of Housing and Urban Development, haven’t been formally presented to banks. Bank of America also said a bondholder group pressuring the lender to repurchase soured mortgages has almost doubled the number of securitizations it’s challenging. The group is disputing 225 securitizations, up from 115 as of [...]]]></description>
		<wfw:commentRss>/2011/03/24/bank-of-america-faces-fines-or-regulator-actions-from-faulty-foreclosure-documents/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Number of homeowners underwater could soar from 23-percent to 40-percent</title>
		<link>/2011/03/22/number-of-homeowners-underwater-could-soar-from-23-percent-to-40-percent/</link>
		<comments>/2011/03/22/number-of-homeowners-underwater-could-soar-from-23-percent-to-40-percent/#comments</comments>
		<pubDate>Tue, 22 Mar 2011 18:04:08 +0000</pubDate>
		<dc:creator>Gail Simmons</dc:creator>
				<category><![CDATA[News Updates]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[principal writedowns]]></category>
		<category><![CDATA[underwater mortgages]]></category>

		<guid isPermaLink="false">/?p=1784</guid>
		<description><![CDATA[Housing is in big trouble. Excess inventories remain a big problem, so weakness in prices isn&#8217;t surprising. According to Gary Shilling, President of A. Gary Shilling &#038; Co., an investment research firm, he thinks there will be another 20 percent decline, though that decline has been held up by the moratorium on foreclosures. But those things seem to be clearing away, so he thinks we&#8217;ll be seeing more houses on the market soon. And as prices go down, more people get underwater, leading people to walk away. So prices are going to be the leader in the whole complex of sales. &#8220;If we go down another 20 percent, the number of people underwater will leap from 23 percent to 40 percent, and that will probably lead to another round of write-offs for lenders. That will be Act II in the whole drama of the housing collapse,&#8221; says Shilling. This makes the need for banks to write down the principal balance of loans being negotiated for loan mods even more urgent. ##### Source: http://www.reuters.com/article/idUSTRE6AT2P220101130Technorati Tags: housing market, underwater mortgages, principal writedowns]]></description>
		<wfw:commentRss>/2011/03/22/number-of-homeowners-underwater-could-soar-from-23-percent-to-40-percent/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>



