Mortgage Morass

Information concerning the country’s current mortgage morass is overwhelming. These
columns attempt to aid guests at the NACTT Academy’s web site by selecting articles
deemed to provide particularly relevant information on these issues.

HAMP SERVICERS as of Nov. 12, 2009.

The First Step: Understanding Some Common Foreclosure Terms
(Creditor Comment) Kristin A. Schuler-Hintz
helps the distressed homeowner understand some of the terms and options when facing
foreclosure.

Subprime Loans – Where It All Began
A look at how the subprime mortgage market grew, and then imploded.

Phoenix Judge Dismisses 72 Lawsuits Against MERS

A Phoenix judge recently dismissed 72 lawsuits questioning the legality of Mortgage Electronic Registration Systems (MERS).  U.S. District Judge James Teilborg rejected the claims of borrowers that MERS is a “sham beneficiary” on the deed of trust and consequently foreclosures based on MERS documents are invalid.  The Judge held the borrowers didn’t show MERS was not the beneficiary on the deed of trust, MERS deeds are invalid, or that assignments of deeds by MERS were defective.

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Article: Neighborhood Stabilization Program Works Well in Elk Grove, CA

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Article: Home Building Up 15% in September

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Article: Buyer’s Market or Not?

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Article: Social Darwinism: How to Fix the Mortgage Mess

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Article: States Near Deal with Foreclosure Banks

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Article: Fannie, Freddie To Phase Out Attorney Networks In Wake Of Foreclosure Scandal

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Article: Fannie, Freddie Told To Change Lawyer Practices In ‘Robo-Signing’ Revamp

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Article: States Still Working on Foreclosure Agreements with Banks

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Article: HOME Act May Open 401k’s for Mortgage Payments

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Article: Phoenix Economy Mirrors Foreclosures

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Article: Foreclosure Bailout Funds Go Unspent

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Report 2nd Quarter 2011: Financial Crimes Enforcement Network

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Article: Mortgage Terms Work Against Banks and Borrowers

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Article: California Leaves Mortgage Settlement Talks

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Follow-up Article to Above: Foreclosure Talks Move Forward

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Article: Government Has No Real Oversight of Foreclosure Program

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Article: Fraud and Bid Rigging at Foreclosure Auctions

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One in Five Modified Loans Default Again, U.S. Comptroller Says

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Florida Supreme Court Reconsidering Foreclosure Mediation Program

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FTC Cracks Down on Mortgage Relief Scams – The agency is attempting to protect the public from harmful scams, but advocates say the bulk of those affected are minorities and more funding is needed.

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Article: Foreclosures Down, Delinquencies Up

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Article: MidWest Feels Effect of Foreclosure and Job Losses

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Article: Fannie Mae Cited in Robo Signing

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Article: UST Protection Powers Increased in Foreclosure Abuse

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Article: One Year-Forecast to Fix Foreclosure Fiasco

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Article: Two California Appellate Courts Uphold MERS Foreclosures

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Article: Why Foreclosure Bills Fail

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Article: Appeal pushes for sanctions in foreclosure

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Article: Huge Surge in Bank of America Foreclosures

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Article: Bank Values for Home-Equity Loans Said to Face U.S. Scrutiny

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Court Quashes Arizona Homeowners’ Mortgage Fraud Claims

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BAP Approves Second Mortgage “Stripping,” Even in No-Discharge Chapter 13 Cases

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Article: Robo-Signed Mortgage Docs Date Back To Late 1990s

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Foreclosures: Uncle Sam and His 248,000 Homes – U.S. Taxpayers Are The Biggest Owners Of Repossessed Homes. For Now, They’re Stuck With Them

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Article: Homeowner Groups Sue to Force Foreclosures

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Article: American Home Mortgage Files ‘Robo-Signing’ Suit Against LPS

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Article: New York Removed From Group Working on Foreclosure Deal

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Article: Fannie Mae Says One Thing, Does Another

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Article: California AG Sues Lawyers in Mortgage Scam

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Article: Chapter 13 As Foreclosure Prevention

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60 Minutes on Lost Mortgage Documents

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60 Minutes on Lost Mortgage Documents Pt. 2