Get Ready, Get Set, Point Fingers

Ocala’s trustee “failed to maintain internal documentation necessary to establish Ocala’s ownership of purchased mortgages,”

Fannie, Freddie Overseer Said to Consider Seeking More U.S. Aid

Fannie Mae and Freddie Mac, the largest sources of mortgage money in the U.S., have used $111.6 billion of their $400 billion in backup financing in less than a year

Legislation to give Judges Power to Modify Mortgages Likely to Fail

Controversial legislation that would give judges new power to rewrite home mortgages is on life support

Pacific Coast National Bank, San Clemente, California, Closed by FDIC

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $27.4 million

Foreclosure Rescue Failure: Only 1 Out Of 1,600 B of A Borrowers Have Received Permanent Modifications

At Bank of America, only 98 out of 156,864 borrowers in the trial program had received permanent fixes

Guidelines for new Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure


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