Finance & Law for Not-So-Dummies

Should Banks be making mortgage loans? We take the answer for granted . Yet, I have been involved in an on-line discussion that started ab...

Hooray! We have a Mortgage Settlement - $26B worth but who gets help and where does the rest of the money go? NO ONE KNOWS yet, and no one k...

Whether CA and NY join is anticlimactic. The quibbling over the amount of the settlement was foolish. $17B or $25B has never been the issue....

The Wall Street Journal in its February 5-6, 2011 edition had an article by David Benoit, entitled "BofA Sets Mortgage Cleanup Unit...

In his article, in the Tuesday November 15 th edition of the New York Times, about foreclosures, David Streitfield discloses the Banking/M...

All of the news of late has been about the so-called "robo-signers" at mortgage companies dealing in 23 "judicial foreclosur...

As a solo practitioner I must acknowledge my work limitations; I cannot compete against the Boston or other big-city law firms employing 20 ...

"Making Home Affordable", Loan Modifications, Loss Mitigation, " HAMP ", "HARP" "HASP" - all are pro...

In the on-going saga of the Making Home Affordable Program, which spawned HAMP and HARP, no less a giant in news than the New York Times, ca...

It is unfortunate but we must deal with the economics of keeping versus "walking away from" your house. Housing values have fallen...

"How Many Clients Does It Take To Change A Light Bulb ?" is the name of a small but funny (to a lawyer anyway) book by a fellow at...

Foreclosures are up 23% from the end of the 3rd quarter last year . Foreclosures are up 5% from the end of the second quarter this year. If ...

(THIS IS A RE-POSTING FROM AUGUST 12, 2009) Bankruptcy is a good option if you are facing foreclosure and cannot get the lender to accept re...

Currently, in the City of Pittsfield, MA , there are 190 properties in some stage of foreclosure ; 69 are currently in default, 30 are Bank...

Countrywide, now part of Bank of America was one of the major lenders to sub-prime borrowers (that only means a credit score below 680 (or 6...

As a follow-up to the last post, several important matters: 1. If you have submitted the application for a loan modification under the ...

In a report released by the "Making Homes Affordable Program", only 9% of those mortgages eligible (estimated) for a modification ...

With the rise in foreclosures and the resultant drop in real estate prices, coupled with the lower interest rates available for "qualif...

THIS IS A RE-POSTING OF THE MARCH 18TH ENTRY DUE TO THE RECENT SENATE VOTE The United States Senate has referred the one bill, S. 61, that c...

An Associated Press story in the New York Times on April 16, 2006 headlines "SIX LENDERS TO GET HOME LOAN AID", specifying in the ...