Aug 26th 2010 10:40AM
Not long after University of Chicago systems administrator Vanessa Matthews, 49, separated from her husband, she experienced grave economic hardship. Not only did she lose her estranged husband's income, which had helped pay the $2,539 mortgage payment on the couple's duplex in the Bronzeville neighborhood of Chicago, but... Continue Reading »
Apr 16th 2010 11:30AM
Want to be considered for a loan modification? Stop making your mortgage payments. That's the advice that Washington Mutual gave some homeowners who called looking for help with their mortgage payments. Their reward for complying with that advice? Foreclosure. Some homeowners are now suing JPMorgan Chase, which swallowed... Continue Reading »
Feb 1st 2010 4:00PM
Who ever still thinks appraisers didn't work hand-in-hand with mortgage brokers to bring on the subprime mortgage crisis hasn't been following the news in Laguna Beach, CA. In this town, the law finally caught up with a family-operated appraisal firm that had its own desk in the office of a major subprime mortgage broker... Continue Reading »
