Tag Archives: los angeles times

New Limits On Mortgage Fees

Mortgage pros make their money from the ignorance of those who aren’t in the mortgage industry. It is in the pros interest to keep mortgages as complicated as possible and filled with as many mysterious fees as possible. I’m a … Continue reading

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Refinancing Into 3.75% Fixed-Rated 30 Year Mortgages

Mortgage interest rates are at unthinkable lows, not that that does much good to most homeowners who are stuck in mortgages paying interest rates above 6% but can’t refinance because of either inadequate equity in their homes or inadequate credit … Continue reading

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California Likely To Join Investigation Of Wall Street’s Mortgage Practices

California is entirely governed by Democrats. I am not surprised that a Democrat state Attorney General is interested in joining New York and Delaware’s probes of the mortgage-bundling practices of Wall Street. Who can even understand tranches and the like? … Continue reading

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Mixed Housing Numbers

Whether or not this particular stat is up or down, the overall picture for the housing market is grim. Moderate rebounds in the sales of previously owned homes won’t pull the housing market out of its doldrums. The fundamentals are … Continue reading

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Three Hebrew Boys Sentenced For Investment Scam

According to the Los Angeles Times: The men remained defiant to the end, telling the judge that they still think they did nothing wrong. They said they were only trying to minister to people and planned to use some of … Continue reading

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Number Of Underwater Homes Falls For Third Straight Quarter

A home is underwater when the owner owes more on it than the place is worth. About 22.5% of all homes are underwater, which is more than four times the normal amount. So it is hard to rejoice too much … Continue reading

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Lawsuits Over Mortgage Modifications

Unable to pay their mortgages, millions of Americans are trying to renegotiate their deals with banks. Some of these Americans claim that banks are not being sufficiently cooperative. They apparently have no compunction or embarrassment about failing to fulfill the … Continue reading

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Dealing Efficiently With Foreclosures

In this Oct. 27, 2010 editorial, the Los Angeles Times join much of the MSM in getting delight out of bank’s paperwork issues processing foreclosures. It may feel good to take delight in the banks’ problems with foreclosures, but that … Continue reading

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California’s Foreclosures Jump 19% In Third Quarter

The number is down from 2009. And that’s been the trend for 2010 in California, the number of foreclosures going down. I am not sure if this new number is a blip or a trend. Lenders are becoming more efficient … Continue reading

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What Is A Mortgage Servicer?

Well, here is what they do — collect monthly payments, deal with delinquent homeowners and negotiate loan modifications. The politicians and bureaucrats are taking a lot of time to investigate how mortgage servicers do business, in particular, how they go … Continue reading

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