Monthly Archives: June 2012

1-14-2015: The Consumer Financial Protection Bureau (CFPB), authorities in 49 states, and the District of Columbia filed a proposed court order requiring the country’s largest nonbank mortgage loan servicer, Ocwen Financial Corporation, and its subsidiary, Ocwen Loan Servicing, to provide … Continue reading →

Here’s a good question I caught on Clark Howard show recently while Ilyce Glink was hosting: “Do you have to refinance the loan on a house you have inherited?” I think it all depends …..on whether the bank wants to … Continue reading →

Are they finished? Maybe not…it all depends on what the Government settlement exclusions and future Federal protection against legal action from claimants. And let me add the personal angle to this – alot of home owners got plowed under with … Continue reading →

4-2-2015: A new FICO score will include changes usch as payment history with their utility & cell phone providers; how often they change addresses; and place less emphasis on unpaid medical bills and missed payments on paid off debts. 3-23-2014: … Continue reading →

7-19-2014 – Minnesota home sellers are dealing with a new radon disclosure law. Health experts lobbied to enact the disclosure law by arguing long-term radon exposure kills 700 people each year in Minnesota. According to the EPA, radon causes over … Continue reading →

Plenty of blame to go around including high risk lending, regulatory failures, inflated credit ratings, and investment bank abuses. 2-22-2012:  Bloomberg objects to blaming the US Government housing policies as the “major” cause of mortgage crisis.  The greatest blame apparently goes … Continue reading →