" What is groundbreaking about the plea agreement is that it holds Mr. Watson accountable, not for doing these things himself, but for failing to supervise and train his associates and control firm policies so that others didn't do these things," said Royal Palm Beach-based foreclosure defense attorney Tom Ice. ... Read More
Help the Monitor of the National Mortgage Settlement better understand how servicers are treating their customers across the country. This group of professionals will be the Monitor's go-to source for updates from the marketplace and feedback on current efforts, reports and metrics.
If a number of consumers are experiencing similar problems ... Read More
I actually thought there was hope when the OCC took the decision about financial harm to the borrower away from the banks and lenders and gave it to Promontory. It was called the H test. But that was short lived when we were told the banks and lenders were ... Read More
Remember all the rush to complete short sales before 12/31/12 in order to avoid massive tax liability?
Well, buried in section 202 of the Fiscal Cliff Tax Bill / Band Aid is a nifty little section that takes care of that little issue:
SEC. 202. EXTENSION OF EXCLUSION FROM GROSS INCOME
OF DISCHARGE ... Read More