Category: Budget & Debts

What Debt to Income Ratio is Needed for Loan Modification

As a loan modification attorney, many people ask me “what debt to income ratio is need for loan modification?” There is, unfortunately, no universal answer that applies to all lenders and all situations, but a few themes have developed in regard to home loan modification. For homeowners seeking to apply for a home loan modification, […]

Financial Worksheet for Loan Modification

One of the biggest concerns for homeowners looking to keep their property out of foreclosure is the financial worksheet for loan modification. The loan modification financial worksheet is a critical document because it tells the mortgage company the borrowers’ story in a nutshell. For that reason, the financial worksheet for loan modification must be completed […]

Dolan Company Purchases Major Transcription Company

The Dolan Company, formally known as Dolan Media Company, has recently purchased the Federal News Service. The move makes sense as Dolan provides services and business information/news to law, finance and real estate professionals throughout the country. Federal News Service is best known for transcribing major events in Washington—from congressional hearings to speeches and White […]

No Dice for Major Las Vegas Gaming Company

The Riviera Holdings Corporation has recently filed for bankruptcy protection. A pre-negotiated deal will pass on ownership of the company to senior, secured lenders. Riviera Holdings is the owner of the Riviera Hotel & Casino in Las Vegas on its infamous Strip. Just about five years ago, the company had approximately $200 million in annual […]

Hugh Hefner Wants More

In light of internet porn and a major decline in all magazine sales across the board, Hugh Hefner is still looking to purchase the part of Playboy he, himself, doesn’t already own. Hefner is convinced Playboy can still turn profit despite the famous magazine’s drop in sales. According to Playboy, Hefner is in no way […]

CA Dem Rep. Clear of Any Wrongdoing

The House ethics committee recently ended a seven-month long investigation where the focus of the investigation was California Democratic Representative Laura Richardson; to find out if she ever received “special” treatment from WaMu, and/or was remiss in disclosing any properties, incomes as well as liabilities on her disclosure forms. The committee dismissed Richardson of any […]