Government not promising big results for new mortgage relief effortSeptember 19th, 2009 Low expectations for new loan help programWASHINGTON — Dial back the pie-in-the-sky projections. Last month, the Obama administration launched a program to help homeowners with loans insured by the Federal Housing Administration.
FTC considering ban on upfront payments for loan help; files charges against 2 firmsSeptember 17th, 2009 FTC considering ban on loan modification scamsWASHINGTON — The head of the Federal Trade Commission said Thursday the agency is considering banning upfront payments to companies that advertise help for borrowers who are in trouble on their home loans. Government officials say scammers seeking to take advantage of borrowers in danger of default often charge upfront fees of $1,000 to $3,000 for help with loan modifications that rarely, if ever, pay off.
Regulators consider ban on upfront payments for loan help; file charges against 2 firmsSeptember 17th, 2009 Gov't considers crackdown on loan help paymentsWASHINGTON — The head of the Federal Trade Commission said Thursday the agency is considering banning upfront payments to companies that advertise help for borrowers who are in trouble on their home loans. Government officials say scammers seeking to take advantage of borrowers in danger of default often charge upfront fees of $1,000 to $3,000 for help with loan modifications that rarely, if ever, pay off.
Meltdown 101: Why has Obama administration's housing plan fallen short of high hopes?September 10th, 2009 Meltdown 101: Housing help lags high expectationsWASHINGTON — The government set expectations sky-high earlier this year when President Barack Obama launched an effort to help up 7 to 9 million homeowners avoid foreclosure. Now, reality is setting in.
Police in NJ say suspect hired cab to use as getaway after robbing bank, unbeknownst to driverAugust 25th, 2009 Police: Man used cab as getaway after robbing bankROSELLE, N.J. — Police said a New Jersey man who told a cab driver to stop at a bank so he could take out some money failed to mention that he was going to rob it.
NY attorney general targets Long Island loan foreclosure rescue firmAugust 13th, 2009 NY AG sues foreclosure rescue firmUNIONDALE, N.Y. — New York's attorney general is suing a foreclosure rescue company and its owner, claiming they engaged in deceptive business practices and false advertising.
Pa. convict serves time for robbing bank, charged with robbing same 1 againAugust 6th, 2009 Pa. convict charged with robbing same bankUPPER TOWNSHIP, N.J. — A Pennsylvania man who served nearly six years in prison for robbing a southern New Jersey bank has been arrested in a recent robbery of the same bank.
Man who served time for robbing NJ bank charged with robbing same one againAugust 5th, 2009 Man who served time charged with robbing same bankUPPER TOWNSHIP, N.J. — A Pennsylvania man who served nearly six years in prison for robbing a southern New Jersey bank was charged with robbing the same one again.
Report says lenders in Obama housing plan offered help to 15 percent of eligible borrowersAugust 4th, 2009 Housing plan offered help to 15 pct of borrowersWASHINGTON — Only 15 percent of homeowners eligible for the Obama administration's $50 billion loan modification program have been offered help so far. In its first monthly progress report on the plan launched in March, the government on Tuesday detailed big disparities among the 38 companies that have signed up.
Oregon governor signs bills to reduce foreclosures, verify mortgage originators' backgroundsJuly 31st, 2009 Oregon governor signs consumer protection billsSALEM, Ore. — Gov. Ted Kulongoski signed two new consumer protection bills Thursday, including one aimed at reducing the number of home foreclosures in Oregon.
Federal Housing Administration launches new program to lower payments for troubled borrowersJuly 30th, 2009 New Federal Housing Administration loan assistanceWASHINGTON — Loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration's loan modification program, the government will announce Thursday. Effective Aug.
Prosecutors file 189 legal actions in nationwide sweep of loan modification consultantsJuly 15th, 2009 FTC, 23 states act to stop sham loan consultantsLOS ANGELES — Prosecutors nationwide filed 189 legal actions Wednesday against loan modification consultants accused of bilking homeowners who are desperate to make their mortgage payments more affordable. The lawsuits and cease-and-desist orders announced by Federal Trade Commission Chairman Jon Leibowitz and California Attorney General Edmund G.
Chase approves 138,000 trial mortgage modifications in the past three monthsJune 30th, 2009 Chase: 138k mortgages modified in past 3 monthsNEW YORK — Chase said Tuesday it has approved 138,000 trial mortgage modifications for struggling homeowners in the past three months. The company started processing the modifications April 6, as part of President Obama's Making Home Affordable program.
Northrop Grumman receives contract modification from NavyJune 23rd, 2009 Northrop Grumman receives contract modificationNEW YORK — Northrop Grumman Shipbuilding Inc., a unit of Northrop Grumman Corp. is being awarded a $213.8 million modification to a previously awarded Navy contract, the U.S.
Michigan postal carrier is charged with stealing and selling stamps; feared foreclosureMay 11th, 2009 Postal worker accused of stealing, selling stampsDETROIT — Authorities say a rural postal carrier in suburban Detroit stole and sold stamps worth nearly $20,000 because he was behind on his mortgage. Postal agents confronted John Auito on April 30 outside his home in Macomb.
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