In a move that should not come as much of a surprise, Freddie Mac announced that mortgage servicers are authorized to provide unemployed borrowers with up to six months of forbearance. As a result, if you are an unemployed mortgage owner of a loan with Freddie Mac, you may apply for and receive six months […]
Riverside Foreclosure Attorney – Freddie Mac Extends Foreclosure Forebearance Read More »
The New York Times had an interesting article recently about the continuing fall in income long after the recession “ended” in 2009. According to economists, the most recent recession ended in June 2009. From June 2009 until June 2011, household income continued to fall by 6.7 percent. Household income fell despite the overall improvement in
Riverside Home Lawyer-Recession Ends But Income Continues to Fall Read More »
Marie Calendar’s “Pie Month” may soon be a thing of the past. The parent company of Marie Calendar’s and Perkins Restaurants has filed for bankruptcy. Despite the recent bankruptcy filing, Marie Calendar’s will continue to operate as it restructures its business. Rising food costs and a major recession in California and Florida have contributed to
Riverside Bankruptcy Lawyer – No More Pie Month? Read More »
In an article posted today, the Press Enterprise reports that foreclosure activity continues to dip when compared to a year ago. Despite the dip, foreclosures in Riverside county remain high with one of the highest foreclosure rates in the country. Additionally, home inventory has remained constant indicating that despite a decrease in foreclosures, sales are
Riverside Bankruptcy Attorney-Foreclosures Dip in Inland Empire Read More »
In an article that reads like something out of “The Onion”, the Wall Street Journal reported today that Region’s Financial Corp. is investigating whether its executives misled shareholders about the health of subprime securities in 2007. Region’s is investigating whether executives delayed the disclosure of loans that were failing before and during the financial crisis.
In yet another victory for failed mortgage lenders and investment banks, the California Attorney General announced a new task force to investigate mortgage fraud. The announcement comes more than 3 years after the mortgage meltdown. The task force will focus on predatory lending practices, violations of the Truth in Lending Act, loan modification scams, and
Riverside Bankruptcy Attorney-State Announces Mortgage Fraud Unit 3 Years Too Late Read More »
