MFI-Miami

freddie mac

PricewaterhouseCoopers

Federal Judge Finds PricewaterhouseCoopers Negligent in TBW Collapse

Federal Judge Finds PricewaterhouseCoopers Negligence Led To The Collapse Of Taylor, Bean & Whitaker And Colonial Bank The story of the rise and collapse of Taylor, Bean & Whitaker is legendary throughout the finance world. Now it appears the negligence of the accounting powerhouse PricewaterhouseCoopers contributed to its demise. Taylor, Bean & Whitaker or TBW was the […]

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New York Foreclosure

New York Foreclosure Litigation Times Drop!

The End Is Near For New Yorkers Living For Free. New York Foreclosure Litigation Times Drop From 48 Months To 6 Months The end is near for New York homeowners hoping to take advantage of the state’s notorious long foreclosure litigation time.  New York foreclosure litigation times have dropped off dramatically in the past year. The

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New York Foreclosure Litigation Times Drop! Read Post »

Federal Housing Finance Agency

Federal Housing Finance Agency Considering Alternative To FICO

Federal Housing Finance Agency Says It Wants An Alternative To the FICO Credit Scoring System Federal Housing Finance Agency Director Mel Watt is looking at an alternative to the FICO credit scoring system. Yet, he told the Mortgage Bankers Association not to hold their breath waiting for Fannie Mae and Freddie Mac.  Watt said that the Federal Housing Finance Agency is seriously

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White Plains Foreclosure Defense

When HAMP Dies Homeowners Will Be Forced To Fight

Homeowners Will Have To Fight To Keep Their Homes When HAMP Ends Homeowners better have their loan modifications completed by December 31st or be prepared to fight their lenders. The HAMP program is coming to end. The Home Affordable Modification Program was launched in 2009 in answer to the financial crisis. The program provided financial incentives

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fake liens

Are FHA Loans “Government Backed” Subprime Loans?

JPMorgan Chase Claims That FHA Loans Are Government Backed Subprime Loans FHA loans that were originally intended to give first-time buyers easy access to mortgages are being compared to the very loans that contributed to the housing crisis. Kevin Watters, CEO of Chase Mortgage Banking told CNBC, “FHA requirements are down to a 520 FICO

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Are FHA Loans “Government Backed” Subprime Loans? Read Post »

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