What a surprise! An article in todays SanFran Chronicle reports that reverse mortgages have the potential to spawn another subprime-style financial crisis. This, according to a report released by...
Mortgage lenders secured a victory in federal court in Boston recently, with the partial reversal of a bankruptcy court decision from last year. Last year the bankruptcy court in Boston ruled in...
You're trying to figure out how to make next month's mortgage payment. You heard something on the news about government help, but you don't know what's been passed and if you qualify. Meanwhile, you...
Dear President Obama: I know you didn't read my last letter. But...someone in your office must have. You seem to have covered all my salient points. Reasonable debt/equity ratios, market interest...
So, the President has announced his mortgage rescue plan - sort of. More details are expected to be released in early March. Meanwhile, you can check out the fact sheet here. The big question on...
Dear President Obama: I know it's Presidents Day and you have an awful lot on your plate. However, I hear you're going to address the mortgage mess this week after you sign the little stimulus...
I was in court the other day in Boston for oral argument in one of our predatory lending cases. I joked with the defense lawyer and asked if he knew who his client was today. When the case started,...
A follow up to my recent comments regarding the banks repeated representations that they want to help homwowners modify their mortgages. Last Sunday in a local newspaper, , there was a letter...
We are told your bank really wants to help you to avoid foreclosure. JP MorganChase recently announced a plan to modify it's own mortgage loans, as well as $1 trillion (yes, that's TRILLION) in...
Posted by Attorney Olivier Kozlowski: Yesterday the Supreme Judicial Court issued a decision endorsing an argument our office made on behalf of a Harwich couple back in March of 2007: mortgage...
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