Ocwen May Have Dodged A Bullet From California But More Trouble Is In Sight On Friday, California’s Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing’s mortgage license in California because Ocwen Financial has agreed to pay $2.5 million for failing to prove its compliance with state […]
It’s Over For The Little Guy As Wells Fargo Begins Loansharking By Squeezing Out The Locals And Charging $225%-300% APR “Ask a brother who’s been downsized if he’s getting any deal. Oh, a brother can work in fast food if he can’t invent computer games but what we used to call America, that’s going […]
White House Chief of Staff Jack Lew Could Be Named As Geithner’s Replacement Steve Dibert, MFI-Miami It appears that President Obama is close to finally naming a replacement for outgoing Treasury Secretary Timothy Geithner. Bloomberg reports the President will be nominating White House Chief of Staff Jack Lew for the position as soon as this […]
Foreclosure Defense 101 Lesson 2: Mortgage Electronic Registration System AKA MERS There’s been a lot of chatter on the web lately about the Mortgage Electronic Registration System aka MERS. The Mortgage Electronic Registration System and the role in note assignments and foreclosures. Most of the chatter is coming from mortgage activists and amateur lawyers. They have just […]
Wall Street Traders Tell Main Street To Quit Complaining One of my contacts on Wall Street sent me a copy of this email that has been floating around. Let me know if anyone knows who wrote this. I want to hire them as a writer for this site. I like their in-your-face style! To Main Street […]
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