Archives

2010.08.21: Time to Short Sell?- half of the homeowners who enrolled in HAMP have fallen out
2010.06.05: Bank of America launches lame principal reduction plan; earns $3.2Billion so far in 2010
2010.05.04: Bank's law firms are "fabricating and/or presenting false and misleading documents in foreclosure cases."
2010.04.04: Dream job: Loan Servicers paid $37Billion to screw up your loan mod
2010.03.26: White House announces HAMP enhancements and FHA loan program
2010.03.25: Loan mod default rate at 51.5% for first quarter 2009.
2010.02.28: Bridge to HAMP forbearance plan would fatten loan servicers at the expense of the tax payers...even more.
2010.02.12: Kick the can: To avoid recognizing up to $1.05Trillion in losses, banks are not signing up for the HAMP2 plan for second mortgage debt
2010.02.04: Emerging legal theory: Suing your loan servicer for breach of the HAMP contract
2010.01.28: Don't expect your loan servicer to play by the rules...until there is a real consequence of litigation
2010.01.22: Check your lender's loan mod performance history...
2010.01.21: National loan mod results: 6% of trial mods were converted to permanent through Dec. 2009
2010.01.14: Foreclosures ramping up...prices headed down...a huge wave of sales looms in 2010
2010.01.07: Negative equity tops $745Billion; Pressure on lenders for principal reduction or deferment may be growing...
2009.12.30: National conversion rate of loan mods from trial to permanent status is only 8%
2009.12.12: Congress shoots down judicial loan modification...AGAIN!
2009.12.08: Obama Loan Mod Plan "destined to fail"; Bankruptcy cramdown revived in Congress
2009.12.02: "Sweet heart" Loss sharing deals between banks and governments hurting loan mods
2009.12.01: Congressional testimony: "Less than 10,000" permanent loan mods
2009.11.30: U.S. Treasury threatens lenders with meaningless "consequences" for non-compliance with HAMP loan modification guidelines
2009.11.19: If a lender wrongfully denies your loan mod...there is little you can do about it
2009.11.17: New owners of INDYMAC mortgages make large profits by denying loan modifications.
2009.11.02: Obama administration not pushing through mortgage cramdown
2009.10.27: Parsa surrenders law license to state bar, abandons clients
2009.10.27: Parsa surrenders law license to state bar, abandons clients
2009.10.17: The TRUTH about principal reduction
2009.10.16: Despite the rise in the DOW...the foreclosure crisis is not over
2009.10.14: James Parsa of Parsa Law Group ordered by the CA State Bar to stop practicing law effective October 16, 2009
2009.10.13: New law restricting advanced fee loan modification services signed by Governor Schwarzenegger
2009.09.18: State Bar Identifies 16 Loan Mod attorneys under investigation for misconduct
2009.09.03: State Bar supports law to limit consumer access to loan mod attorneys
2009.08.13: The Firm joins the Attorney General in suing foreclosure scammers
2009.08.04: Bank of America, Wells among worst for Loan modifications
2009.03.04: Obama's Forclosure Prevention Plan
2008.12.31: Loan Audits that reveal Truth in Lending violations help folks get mortgage principal reductions
2008.11.13: Hope 4 Homeowners having trouble Getting off the Ground
2008.10.09: HOPE FOR HOMEOWNERS PROGRAM IS A BUST SO FAR:
2008.09.03: Housing and Economic Recovery Act of 2008

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