Blog Archives

A fat wallet isn’t the way to strike it rich – Financial tips from Mark Zuckerberg

Personal Finance Highway Sign

Who said that a fat wallet is the only way in which someone can strike it rich? Irrespective of one’s income, the people who lead a life within their means and live a modest and wise life are actually the

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Posted in Debt Help, Debt News

Michigan AG Informs National Mortgage Settlement Monitor About Concerns with Banks’ Settlement Compliance

Michigan AG Informs National Mortgage Settlement Monitor About Concerns with Banks’ Settlement Compliance

  SCHUETTE INFORMS NATIONAL MORTGAGE SETTLEMENT MONITOR ABOUT CONCERNS WITH BANKS’ SETTLEMENT COMPLIANCE LANSING -Attorney General Bill Schuette today sent a letter to Joseph A. Smith, Jr. head of the Office of Mortgage Settlement Oversight to alert him to concerns that certain terms

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Posted in Debt Help

Is filing joint bankruptcy a feasible option for the married debtors?

Debt Elimination without Declaring Bankruptcy

Filing bankruptcy is considered as last resort to the debt relief programs. These financial strapped debtors who failed to pay back the owed amount with the help of debt relief programs have no other options than filing bankruptcy. Well, filing

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Posted in Debt Elimination, Debt Help, Debt News

JPMorgan Sued by California over ‘Illegal’ Debt Collections

By Tim Reid California’s attorney general sued JPMorgan Chase & Co on Thursday, accusing the company of falsely signing documents to unlawfully collect credit card debt from thousands of customers. The lawsuit accuses JPMorgan of engaging in widespread, illegal “robo-signing”

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Posted in Debt Help

OCC Misses Another Conflict of Interest: Independent Foreclosure Review Outreach/Payment Processor Rust Consulting Owned By Residential Real Estate Player Apollo, Being Sold to VC Arm of Citigroup

rust call

It appears that the Office of the Comptroller of the Currency and the Fed dropped the ball yet again on vetting firms involved in the Orwellianly-named Independent Foreclosure Review (IFR) for conflicts of interest. Michael Olenick’s expose on Allonhill, one of

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Posted in Debt Help, Debt News

Jackbooted Thugs: Safeguard Properties Internal Documents Reveal Rampant Complaints Of Trash Outs, Thefts, Break-Ins

By: Ben Hallman Outside in the world, Safeguard Properties was supposed to be protecting millions of homes that had slid into foreclosure, shoring up and repairing abandoned properties for the banks that were responsible for tending to all this real

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Posted in Debt Help, Debt News

The Next Country To Collapse Isn’t In Europe

The Next Country To Collapse Isn't In Europe

By: Joseph Hogue Despite the recent market correction threatening the four-yearbull market, investors should be partying like it’s 2006. Easy-money programs from the world’s central banks and a recovering global economy could push stocks and other assets higher. So why is the comparison to 2006 relevant?

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Posted in Debt Help

Hey Fannie and Freddie, Pay Us Back!

WHO says Democrats and Republicans can’t agree on anything? When it comes to fixing the government’s troubled and costly relationship with the private mortgage market, bipartisanship is very much alive. Politicians in both parties have reached consensus over the past

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Posted in Debt Help

Housing Busts and Household Mobility: An Update

Housing Busts and Household Mobility: An Update The relationship between household mobility and financial frictions, especially those associated with negative home equity, has attracted greater attention following the recent volatility in the U.S. housing markets. The decline in mortgage rates,

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Posted in Debt Help

How much did banks pay to become too-big-to-fail and to become systematically important?

How much did banks pay to become too-big-to-fail and to become systematically important? Elijah Brewer and Julapa A. Jagtiani (julapa.jagtiani@phil.frb.org) No 11-37, Working Papers from Federal Reserve Bank of Philadelphia Abstract: This paper estimates the value of the too-big-to-fail (TBTF)

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Posted in Debt Help