A study done by The Times revealed that in 2008 black borrowers were twice as likely to have received Subprime Mortgage Loans as their white counterparts in both the Lake and Porter Counties in Indiana. Arthur Julke of Hammond, Indiana and homeowner spoke about his situation. His interest rate is 11.69...

The United States Treasury Department released the lasted Home Affordable Modification Program numbers on February 17th and did their level best to put a positive tone on the less than positive numbers. The program numbers reveal a complete failure to meet the objectives. Millions of homeowners have...

Investors in Thomas Etheredge’s trail testified against and for him in regard to the Wild West World park construction in Park City between 2006 and 2007. Mr. Etheredge was charged with deceiving investors who lent money to him to construct Wild West World. A.J Morris and Glenda Sue Morris testified...

United States Assistant Attorney General, Tom Perez announced the creation of a Fair Lending Unit to be initiated within the Civil Rights Division of the Department of Justice. Mr. Perez, who runs the division, stated that the unit was created in response to the housing crisis. He further stated that...

Ameriquest one of the country’s leading subprime lenders prior to the mortgage crash has agreed to settle twenty nine class-action lawsuits regarding predatory lending. Ameriquest has pledged twenty two million dollars in order to pay distressed borrowers and the lawyers that represent them. Ameriquest...

Ohio State’s settlement with Countrywide Financial Corporation will go to benefit those homeowners that Countrywide Financial Corporation was accused of unfair and deceptive business practices and to agencies across that state that handle foreclosure counseling services. Fourteen HUD-Certified agencies,...

The Consumer Mortgage Audit Center is reporting according to a poll they conducted of Florida Attorneys that a new wave of in the Mortgage Crisis will happen in 2010. The new will be due to the recasting of subprime option Arm Adjustable Rate Mortgages that are scheduled to recast in 2010. The Consumer...

SunTrust has filed suit against investors from Florida and Pennsylvania claiming that the investors made fraudulent states in regard to their income in order to obtain substantial construction loans in 2007. The Federal Bureau of Investigation is investigating if thirteen purchasers in a prominent Jackson...

The Office of Thrift Supervision in a press release announced the seizer of Partners Bank in Florida on October 23, 2009. The Naples bank according to the press release was critically undercapitalized. The release states that is was in an unsafe and unsound condition in order to be conducting business. The...