Mortgage Default Is A Financial Bonanza For Many Homeowners As Foreclosure Crisis Continues

The Office of the Comptroller of the Currency (OCC) painted a gloomy picture for the housing markets with its release of the OCC Mortgage Metrics Report for the third quarter of 2011.  Mortgage delinquencies remain at high levels and foreclosures increased by double digits. The OCC report covers mortgages serviced by federal savings associations and […]

FDIC Warning On Foreclosure Rescue and Loan Mod Scams

Foreclosure Rescue & Loan Mod Scams Prey On Desperate Homeowners The FDIC has issued a warning to homeowners who have fallen behind on their mortgage payments and may be facing foreclosure to avoid foreclosure rescue and loan mod scams.   Unscrupulous individuals and companies are promising  desperate homeowner that they can stop foreclosures or get mortgage […]