Today’s Foreclosure NewsMitt Romney’s position on foreclosures sounds similar to real estate brokers who think they stand to profit from more foreclosures (more sales, more commissions); nevermind how crazy it is: ROMNEY: Are there things that you can do to encourage housing. One is, don’t try and stop the foreclosure process. Let it run its course and [...]
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Today the federal Office of Comptroller of the Currency (OCC) released the latest update on the enforcement of its lame Consent Orders negotiated with the industry over the summer. Many were critical of those “orders” here. The update aka Interim Status Report covers several topics which we’ll chew on later undoubtedly, but it does release some [...]
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While the rest of the world is moving toward electronic submissions and streamlining processes — the feds, a “third party” contractor and loan servicers are kickin it old school regarding the recently announced Independing Foreclosure Review. Paper and snail mail. You cannot just download the official Independent Foreclosure Review application form off of the web [...]
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Update here. After the Independent Foreclosure Review was announced, I was curious about whether it was truly independent, and I called Rust Consulting who operates the phone number for the program. The Rust representative claimed to not know who selects the reviewer or who pays the reviewer. See story here. Another advocate called and spoke [...]
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See update to this story here and here. ———————————————– Is the “Independent Foreclosure Review” a real help to borrowers, or the latest program announced by the feds in a long series of faux efforts to make it appear the government is responding to the misinformation (we used to call them lies in grade school) and forgeries [...]
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