Private Mortgage Insurance Provides Woes for Lenders and Consumers Alike
When one hears the word “insurance,” you automatically think you are “covered” from any and all “qualified” loss that exists under the umbrella of that coverage. Unfortunately, that does not appear to be true as all types of insurance from medical to long term disability have been the subject of movies and articles slamming the […]
MBA Asks for Exemptions to Dodd-Frank Act
The Dodd-Frank financial reform, which passed this summer, requires lenders to retain a five percent stake in loans it packages and sells to investors. The goal of this retention is for lenders to have a stake in the future of these loans, making the lenders accountable for the quality of the loans they packaged and […]
Tisha Black Chernine, Esq. on AM720 KDWN
Tisha Black Chernine, Esq. speaks on the Heidi Harris Show about mortgages that could be “frozen” by the government and the process of loan modification. Click here to hear the audio clip.
What Will Replace Fannie and Freddie?
With the recent election results and the increase in Republican politicians promising to abolish Fannie Mae and Freddie Mac, the topic of what will replace these government sponsored entities is being discussed now more than ever. Fannie and Freddie have been in a state of uncertainty since the government seizure but a recent Wall Street […]
What did Bank of America’s Two Week Document Review Accomplish?
The nation watched and waited as GMAC, JPMorgan Chase, and Bank of America began announcing their plans to stop foreclosures in 23 judicial states. This freeze of the foreclosure industry came about largely as a result of the sworn deposition of a GMAC servicing executive who testified that he was signing off on foreclosures without […]
Nationwide joint investigation could make banks subject to fines
A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners. To read the full article please click this link.
Nevada Attorney General letter requests B of A to suspend foreclosures
Click to read Attorney General Catherine Masto’s letter to Bank of America.
Tisha Black Chernine, Esq. quoted in RJ regarding wrongful foreclosures
Nevada attorney general asks lenders to temporarily halt foreclosures As politicians complain about potentially massive mortgage fraud around the country, a top state official is calling on all residential lenders to halt foreclosures in Nevada. To read the full story in the Las Vegas Review Journal, click here.
Bank of America to Stop Foreclosures in Nevada and Nationwide
Pursuant to articles in today’s Wall Street Journal, Bloomberg, and the Washington Post, Bank of America Corporation has placed a moratorium on all foreclosure proceedings across the U.S. to examine its foreclosure documentation problems. This includes all Bank of America owned properties in the state of Nevada. Bank of America is the first financial institution […]
Obama to Veto Notary Bill
According to the latest developments, President Obama will pocket-veto a piece of legislation that critics say would make it easier for banks to process foreclosures and make it more difficult for borrowers to challenge foreclosure documentation. The bill in question, HR 3808, passed the Senate on September 27th by unanimous consent. The House passed the […]