TALLAHASSEE, FL - October 6, 2010 - (RealEstateRama) — Attorney General Bill McCollum today announced a multi state agreement with Wells Fargo Bank over allegations of deceptive marketing of payment option adjustable rate mortgage loans (POA’s) by Wachovia Corporation and Golden West Corporation,...

Mortgages exceed home values across the Central Valley, with more than six out of ten homes in Stockton, for example, underwater, according to new reports Thursday from real estate information company CoreLogic Inc. of Santa Ana. While Stockton is the deepest underwater market reported by CoreLogic,...

By ROBBIE WHELAN, WSJ New data suggests that mortgage fraud—which got tougher to pull off after the collapse of the U.S. real estate market—is returning in a big way. Data prepared for The Wall Street Journal by research firm CoreLogic, examining about seven million home loans made by hundreds of...

Obama mortgage-aid effort is struggling to stem the rising number of foreclosures in US WASHINGTON (AP) — Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. The program is intended to help those at risk of...

by Ellen Brown Mortgages bundled into securities were a favorite investment of speculators at the height of the financial bubble leading up to the crash of 2008. The securities changed hands frequently, and the companies profiting from mortgage payments were often not the same parties that negotiated...

When most of the world was suffering during the recession in recent times, there were a few who took undue advantage of this situation. These scheming minds jumped on the golden opportunity to cash in on other’s adversity. This has exactly been the case with those few companies who had been helping...

by Colin Barr, CNN Money Countrywide is paying the biggest tab yet in settling a subprime class action suit And like it or not, the deal brings a rare bit of good news for some embattled former executives of the troubled mortgage lender, including longtime CEO Angelo Mozilo (right). angelo mozilo A federal...

by Sharyl Attkisson, CBS News New documents released by the House Committee on Oversight shed shocking new light on the cozy partnership between Countrywide Financial Corporation and Fannie Mae — which left taxpayers holding the bag for billions in subprime loans. The documents show that dozens...

by Marilyn Kalfus As part of a nationwide analysis, CoreLogic has identified parts of Orange County where their data reflects some mortgage fraud occurred between 2005 and 2009. These rates are compared to a national average of 0.55%: I asked the folks at CoreLogic about their use of the term ‘hot...