The Business of Scams - Resources

The $50 million ponzi scheme of Bernard Madoff is just the latest financial scam that has cheated those investors who would look for high returns ... are: 1. Check scams 2. Advance fee lenders 3. Mortgage Foreclosure Rescue scams 4. Illegitimate credit repair & debt negotiation services 5. Work at home and fraudulent employment opportunities [more...]

Date: 2009-01-09 17:37:36

Blog posts (5) | Videos (19)
 

"More CRA Idiocy"

Anyone who has looked closely and honestly at the evidence regarding the Community Reinvestment Act's role in the financial crisis has concluded ... areas, regardless of your income, credit score, assets, debt servicing ability, if you were in the redlined area you could not qualify for a mortgage. Although Redlining was made illegal by the Fair [more...]

Date: 2008-12-13 05:00:00

New York Times Crashed-and-Burned Watch (CRA Edition)

And everytime I ask myself "am I being too hard on the New York Times? ... neighborhoods. If you lived within the redlined areas, regardless of your income, credit score, assets, debt servicing ability, if you were in the redlined area you could not qualify for a mortgage [more...]

Date: 2008-12-14 00:32:07

Six Steps To Stem The Foreclosure Crisis

On January 7, President-elect Barack Obama declared his intention to address the foreclosure crisis soon after being sworn in ... the foreclosure crisis is expected to worsen. At the end of last year, credit agency TransUnion estimated ... Mortgage, American Home Mortgage Servicing, and Aurora Loan Services (a subsidiary of Lehman Brothers [more...]

Date: 2009-01-16 19:15:34

Firm Cries Foul on Credit Reporting, Mortgage Loans

Nearly one in two borrowers is plagued by medical collection accounts that are lowering their credit scores and limiting their ability to get a ... mortgage, said mortgage and credit expert Rodney Anderson, of Rodney Anderson Lending Services, in a press release Monday. When the Federal Reserve announced its plan to invest up to $600 billion in ... [more...]

Date: 2008-12-08 16:04:24

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