- National conversion rate of loan mods from trial to permanent status is only 8%
By Professor Jean Braucher Jean Braucher is the Roger C. Henderson Professor of Law at the University of Arizona James E. Rogers College of Law. This article is based on a longer paper, available for free at ... read more +
30-Dec-2009 1:07p
- Welcome to our Blog
Welcome to our Blog read more +
15-Dec-2009 9:58a
- Man Speaks Out After 30 Years of Silence
Kennedy blasts Fleury's delays By MICHAEL PLATT Calgary Sun (Calgarysun.com) Last Updated: 15th December 2009, 3:29am It took him nearly 30 years to admit he was a victim of sexual abuse -- and now Theo Fleury says he needs a little more time before ... read more +
15-Dec-2009 6:55a
- Man Speaks Out After 30 Years of Silence
Kennedy blasts Fleury's delays By MICHAEL PLATT Calgary Sun (Calgarysun.com) Last Updated: 15th December 2009, 3:29am It took him nearly 30 years to admit he was a victim of sexual abuse -- and now Theo Fleury says he needs a little more time before ... read more +
15-Dec-2009 6:55a
- Congress shoots down judicial loan modification...AGAIN!
The judicial mortgage modification amendment supported by NACBA in the House of Representatives failed on a 188-241 vote on Friday, December 11, 2009. Oddly, similar legislation passed the House earlier this year on a 224-191 vote. Today, 50 ... read more +
12-Dec-2009 4:19p
- Obama Loan Mod Plan "destined to fail"; Bankruptcy cramdown revived in Congress
Behind the curve as usual, Congress will again reintroduce bankruptcy cramdown in an effort to deal with the foreclosure crisis. This is a good article that describes what we already know: the HAMP plan is not a good solution to the mortgage crisis. ... read more +
8-Dec-2009 10:42p
- "Sweet heart" Loss sharing deals between banks and governments hurting loan mods
Source: Wall Street Journal, August 2009 http://online.wsj.com/article/SB125166830374670517.html To encourage banks to pick through the wreckage of their collapsed competitors, the Federal Deposit Insurance Corp. has agreed to assume most of the ... read more +
2-Dec-2009 4:45p
- Congressional testimony: "Less than 10,000" permanent loan mods
This an informative article that underscores the problems with the government's loan modification program or HAMP. I can confirm this from the front lines. Converting trial loan mods into permanent loan mods remains a challenge. However, my office's ... read more +
1-Dec-2009 11:10a
- U.S. Treasury threatens lenders with meaningless "consequences" for non-compliance with HAMP loan modification guidelines
No surprise, Bank of America\Countrywide gets the lowest marks for giving trial modifications. But my office can confirm that all lenders have been slow to convert trial mods into permanent loan mods. Principal reduction remains extremely rare on ... read more +
30-Nov-2009 2:09p
- If a lender wrongfully denies your loan mod...there is little you can do about it
The following article captures the reality of what many homeowners in financial distress will face in trying to secure a loan modification. Servicer incompetence is rampant. The bottom line is that if you are wrongfully denied a loan mod, there is ... read more +
19-Nov-2009 9:52a
- New owners of INDYMAC mortgages make large profits by denying loan modifications.
When the Indy Mac failed to meet FDIC capital liquidity guidelines, the government agency took over and set up a loan modification program that became the basis for Obama's HAMP program. The understaffed FDIC, while slow to process, helped modify ... read more +
17-Nov-2009 8:32p
- Traffickers Without Borders
By Louis Klarevas , Professor, Center for Global Affairs, New York University Posted: November 17, 2009 Slavery is alive and well in the 21st century. This point hit home this past weekend, when I led a group of New York University students through ... read more +
17-Nov-2009 7:05a
- Traffickers Without Borders
By Louis Klarevas , Professor, Center for Global Affairs, New York University Posted: November 17, 2009 Slavery is alive and well in the 21st century. This point hit home this past weekend, when I led a group of New York University students through ... read more +
17-Nov-2009 7:05a
- What Is Chapter 13 Bankruptcy?
A chapter 13 bankruptcy is also called a “reorganization plan” or a “wage earner’s plan.” A debtor who files a chapter 13 bankruptcy intends to repay all or part of her debts in installments to creditors over three to five years. The individual’s ... read more +
16-Nov-2009 12:41p
- Personal Bankruptcies Are Up
According to the National Association of Consumer Bankruptcy Attorneys ( click here ) bankruptcy filings have increased nationwide to a record level this year. This is due to a variety of factors. There has been a steady increase in the filings here ... read more +
4-Nov-2009 12:32p
- Obama administration not pushing through mortgage cramdown
As foreclosures continue to surge, congressional Democrats are pitching bankruptcy courtroom solutions to homeowners' woes, but the Obama Administration says it has read more +
2-Nov-2009 9:34a
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28-Oct-2009 12:16p
- Pandemic of Pain – Violence Against Women: An International and Domestic Threat
Exclusive: Pandemic of Pain – Violence Against Women: An International and Domestic Threat* (Part One of Two) Dr. Robin McFee *Excerpts from her upcoming book Pandemic of Pain: Violence against women in the 21 st century, and what we can do about ... read more +
28-Oct-2009 7:10a
- Pandemic of Pain – Violence Against Women: An International and Domestic Threat
Exclusive: Pandemic of Pain – Violence Against Women: An International and Domestic Threat* (Part One of Two) Dr. Robin McFee *Excerpts from her upcoming book Pandemic of Pain: Violence against women in the 21 st century, and what we can do about ... read more +
28-Oct-2009 7:10a
- Parsa surrenders law license to state bar, abandons clients
On October 21, Parsa Law Group founder James Parsa surrendered his license right to practice law amid a probe into a prior conviction for having sex with a minor, according to the California State Bar as reported in today's Orange County Register. ... read more +
27-Oct-2009 11:13p
- Parsa surrenders law license to state bar, abandons clients
On October 21, Parsa Law Group founder James Parsa surrendered his license right to practice law amid a probe into a prior conviction for having sex with a minor, according to the California State Bar. Parsa, whose firm promised to help homeowners ... read more +
27-Oct-2009 11:13p
- The TRUTH about principal reduction
Banks and loan investors are allegedly starting to lower the principal due on home mortgages for some struggling borrowers, according to a new report from the Office of the Comptroller of the Currency, or OCC, which regulates national banks. ... read more +
17-Oct-2009 2:01p
- Despite the rise in the DOW...the foreclosure crisis is not over
Foreclosure filings were reported on 937,840 properties last quarter. According to RealtyTrac, foreclosures in the 3rd quarter of this year increased almost 23% from last year and are expected to accelerate in 2010. The national numbers hide the ... read more +
16-Oct-2009 9:31a
- Despite the rise in the DOW...the foreclosure crisis is not over
Foreclosure filings were reported on 937,840 properties last quarter. According to RealtyTrac, foreclosures in the 3rd quarter of this year increased almost 23% from last year and are expected to accelerate in 2010. The national numbers hide the ... read more +
16-Oct-2009 9:31a
- James Parsa of Parsa Law Group ordered by the CA State Bar to stop practicing law effective October 16, 2009
At this point, any homeowner in financial distress has heard of, or retained the Parsa Law Group. The firm has spent hundreds of thousands of dollars advertising loan modification services on the internet, TV and radio. The firm has over a hundred ... read more +
14-Oct-2009 1:42p
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