Forged Mortgage Docs In Florida? Say It Ain’t So

Homeowner takes bank to trial to avoid foreclosure over mortgage he didn’t sign Brian Bandell, South Florida Business Journal A Miami-based bank is trying to seize Jorge Jaen’s home in the Florida Keys over a mortgage that he never signed. Jaen alleges that both he and Great Eastern Bank of Florida were victims of mortgage fraud, but he’s […]

Federal BK Judge In Orlando Slaps Bank of America w/ $220K Sanction

Richard Burnett, Orlando Sentinel A federal bankruptcy judge in Orlando has slapped Bank of America Corp. with a $220,000 sanction — one of the largest fines on record in the local court — for ignoring the judge’s orders and refusing an Orange County couple’s court-approved mortgage-loan modification. U.S. Bankruptcy Judge Karen Jennemann sanctioned the giant […]

Economists, Obama administration at odds over role of mortgage debt in recovery

Zachary A. Goldfarb, Washington Post One year and one month before President Obama won reelection, he invited seven of the world’s top economists to a private meeting in the Oval Office to hear their advice on what do to fix the ailing economy. “I’m not asking you to consider the political feasibility of things,” he […]

Why you shouldn’t pay down your mortgage faster

AP via The Plain Dealer The impulse to pay off your mortgage more quickly than you need to is understandable, especially these days. Interest rates are near historic lows, so it’s possible to replace a 30-year mortgage with a 15-year loan and still afford the monthly payments. Or, if you’ve already refinanced at a dirt […]

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