Tag Archive | "mortgage"

Governor Schwarzenegger Signs Mortgage Protection Legislation

Wednesday, October 14, 2009

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October 12th Governor Schwarzenegger signed legislation that addresses the rise in mortgage rescue scams. Here is an excerpt from his press release: “To help prevent California homeowners and homebuyers from being negatively impacted by the fraudulent mortgage practices that have arisen in the aftermath of the national foreclosure crisis, Governor Arnold Schwarzenegger has signed legislation to [...]

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FDIC Proposes Mortgage Forbearance for Jobless & Part-Timers

Tuesday, September 29, 2009

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There maybe a light at the end of the tunnel for Mortgage holders without jobs. Last week Adam Weinstein reported a new FDIC proposal, that called on banks to drop mortgage rates for the under and unemployed, in the Default Servicing News. Here is an excerpt of his report: ‘As rampant unemployment sours the mortgage industry, the Federal [...]

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