It is all a product of greed…the current economic crisis, I mean. But whose greed? The lenders? The creators of mortgage backed securities? The home purchasers who were unable to meet their obligations when their adjustable mortgage payment schedules reset? Yes. All of them, and a few more. Families who borrowed money to buy homes [...]

Facing a rising tide of home foreclosures, the Obama Administration is pushing mortgage servicing companies to more than double the industry’s mortgage modifications by Nov. 1. After a day long meeting with 25 servicers at the Treasury Department, the Administration for the first time announced a specific goal for modifications by the industry under the [...]

It is bad enough that many families are losing their homes to foreclosure, but scammers are preying on some of these families and making life all the worse. The Federal Trade Commission as produced this video to hopefully alert vulnerable homeowners to these scam artists tactics and hopefully avoid the associated losses. FacebookTwitter