MFI News

Providence Council OKs fine for disregarding foreclosure law

Philip Marcelo, Providence Journal PROVIDENCE — The City Council has approved a $2,000 fine for banks or lenders that fail to follow the city’s new foreclosure ordinance, which requires that lenders attempt to renegotiate mortgages with homeowners... [Read more...]

Bank of America Attempts To Steal House From Elderly MA Couple Ruining Son’s Homecoming From Iraq

WCVB-BOSTON — A Massachusetts couple says their son’s homecoming from Iraq was spoiled when Bank of America/Countrywide foreclosed on their Florida home, which they owned free and clear, according to a lawsuit. Homeowner Charlie Cardoso, of New Bedford,... [Read more...]

Mortgage Info

Vacant Homes Haunt Once-Vibrant Neighborhoods

New homes in the borough once sold as fast as they went up and rapid-fire development stressed many Staten Islanders. Today the borough’s residents are adjusting to a new reality — stalled construction sites and foreclosed, sometimes abandoned... [Read more...]

Florida Foreclosure Workshop Set for Jan. 19

South Florida residents in danger of foreclosure can attend a workshop Jan. 19 in West Palm Beach organized by Alex Sink, Florida’s chief financial officer and candidate for governor. The event will be from 5 p.m. to 8 p.m. at the Clayton Hutcheson... [Read more...]

Consumer Alerts

Military Families Get Help Fighting Foreclosures It is one thing to worry about the safety of your spouse who is serving in Iraq or Afghanistan. It is another thing to be afraid that while he or she is gone, the bank will take away your house and your loved one will have nowhere to come home to. Linda... [Read more...]

One Woman’s Saga as She Stares Down Foreclosure Many a financially strapped homeowner has a story to tell about missed mortgage payments, delinquency notices, and threats of foreclosure. Few of the stories have as many twists and turns as the now-eight-year-long tale of Donita Bagner of West Philadelphia,... [Read more...]

Mortgage Law

New York Fed Faces House Subpoena Over AIG Bailout

The Federal Reserve Bank of New York may be forced to deliver documents related to American International Group Inc.’s government bailout after the chairman of a House oversight committee said he would issue a subpoena. Edolphus Towns, the New York... [Read more...]

Congressional Delegation Requests Criminal Investigation

Northern Colorado’s congressional delegation turned up the heat on former New Frontier Bank officials Tuesday, calling for a federal investigation into the bank’s collapse. U.S. Sens. Michael Bennet and Mark Udall along with U.S. Rep. Betsy... [Read more...]