Battle on the Home Front by Steven Seidenberg August 2009 from ABA Journal
A proposal to modify mortgages in bankruptcy fails in Congress, but proponents say it’s the missing weapon in fighting foreclosures.
Posted by CM on July 30, 2009
Battle on the Home Front by Steven Seidenberg August 2009 from ABA Journal
A proposal to modify mortgages in bankruptcy fails in Congress, but proponents say it’s the missing weapon in fighting foreclosures.
Posted in ABA Journal, Congressional regulation, Foreclosure, Mortgage Service Providers | Tagged: bankruptcy, chapter 11, chapter 13, Foreclosure | Leave a Comment »
Posted by CM on July 30, 2009
Watch this clip from The Daily Show with Jon Stewart. (aired July 29, 2009)
John Oliver discovered that The United States Treasury Secretary, Timothy Geithner, can’t even sell his own home!
Check out the letter I just sent to Mr. Geithner. Click Here
Send Mr. Geithner a message of your own, click here for his contact information.
Posted in Foreclosure, Mortgage Service Providers | Tagged: Foreclosure, john oliver, jon stewart, market value, the daily show, tim geithner, treasury secretary | Leave a Comment »
Posted by CM on July 29, 2009
Help create a Mortgage Bill of Rights!
MORTGAGE BILL OF RIGHTS
{A work in progress}
Posted in Congressional regulation, Foreclosure, Mortgage Service Providers, PHH Mortgage, Short-sales | Tagged: banks, credit reports, Foreclosure, market value, mortgage bill of rights, negligence, short sale | Leave a Comment »
Posted by CM on July 29, 2009
7/29/2009
I just checked today, and the BBB of NJ has changed PHH’s grade to an A.
Complaints:
146 Resolved
2 Unresolved
7 Administratively Closed
Posted in Better Business Bureau, Mortgage Service Providers, PHH Mortgage | Tagged: BBB of NJ, complaints, PHH | 3 Comments »
Posted by CM on July 23, 2009
Bernanke Tells Senate New Agency Isn’t Needed by Associate Press 7/23/09
The Consumer Financial Protection Agencyis the agency proposed by Obama as part of his financial regulations proposal. From the plan’s inception, financial institutions on Wall Street have been balking at the idea and throwing lots of money by way of lobbyists to stop the plan.
People, this is where we can do something! We need this agency. This agency would be our first stop in complaining about PHH. Instead of wondering who can help us, we would know exactly where to turn.
Contact your representatives and ask them to support this agency.
Posted in Congressional regulation, Foreclosure, Mortgage Service Providers, New York Times, PHH Mortgage | Tagged: bernanke, consumer financial protection agency, financial regulations proposals, house, obama, senate, wallstreet | Leave a Comment »
Posted by CM on July 20, 2009
Posted 7/20/09 on New York Times Website By Peter S. Goodman
Posted in FedMod, Foreclosure, Mortgage Service Providers, New York Times, PHH Mortgage | Leave a Comment »
Posted by CM on July 18, 2009
PHH Sale to GE and Blackstone Terminated
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This sale was terminated in January of 2008 because Lehman Brothers and J.P. Morgan Chase backed out of the deal.
Posted in Blackstone, Foreclosure, GE, J.P. Morgan Chase, Lehman Brothers, Mortgage Service Providers, PHH Mortgage | Leave a Comment »
Posted by CM on July 18, 2009
Posted in Foreclosure, Mortgage Service Providers, MSN, PHH Mortgage, Short-sales | Leave a Comment »
Posted by CM on July 17, 2009
PHH Hit with Class-Action Suit
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By: Martin C. Daks; 3/23/2006
An Oklahoma law firm announced today that it has filed a class-action lawsuit against PHH (NYSE: PHH), a former Cendant subsidiary that provides mortgage origination, and vehicle fleet-management services.
On March 17, Federman & Sherwood filed a class-action lawsuit in the United States District Court for the District of New Jersey, alleging violations of federal securities laws including claims that PHH issued a “series of material misrepresentations to the market which had the effect of artificially inflating the market price.” The class period covers May 12, 2005 through March 1, 2006.
In recent SEC filings, Mt. Laurel-based PHH has noted that revaluations and other reviews of its prior transactions may result in charges against its 2005 income of up to $71 million. Company shares fell $0.31 to $27.07 this afternoon.
Posted in Court Filings, Foreclosure, Mortgage Service Providers, Mortgage Servicers, PHH Mortgage | 17 Comments »
Posted by CM on July 17, 2009
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I looked up this case on PACER to find out more about it some time ago. I will have to go back into PACER to provide a summary. From what I can recall, this case involves insurance. As Wolf Blitzer would say, “Stand by!”
Posted in Court Filings, Foreclosure, Mortgage Service Providers, PHH Mortgage | Leave a Comment »