Archive for February, 2006

Freddie Mac announced it is extending its foreclosure suspension until May 31, 2006 in the 21 counties and parishes in Alabama, Louisiana, Mississippi and Texas hit hardest by last year’s hurricanes. At the same time, Freddie Mac is ending the moratorium on foreclosures in areas that experienced the least damage.

‘One-Size-Fits-All’ Policy Adjusted to Reflect [...]

Arizona Attorney General Terry Goddard commented on the recent Ameriquest Mortgage predatory lending settlement he helped negotiate in an interview with Amanda J. Crawford of the Arizona Republic. Of particular interest where his thoughts on the status of “bad loans” that have so far escaped delinquency and foreclosure because the market rescued the borrowers…and [...]

Missouri Attorney General Jay Nixon is suing the owners of HomeSmartz Mortage in St. Joseph for allegedly scamming homeowners facing foreclosure, charging fees greatly in excess of the 10% allowed by Missouri law for “foreclosure consultants” and fraudulently obtaining warranty deeds claiming they were “second mortgages”.

The Attorney General also is asking that the [...]