Late Mortgage Payments Continue

November 5, 2010

The number of mortgage holders 60 days or more behind on their payments was 6.67% in the three months ended June 30, up from 5.81% a year ago, reports credit-reporting agency TransUnion. Because it would be difficult for homeowners to make up two payments to bring their account current, TransUnion uses a 60-day delinquency rate [...]

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Settlements Reached With Several Mortgage Modification Firms

October 28, 2010

Several companies are banned from selling mortgage modification or foreclosure relief services under settlements with the Federal Trade Commission. The FTC alleged that the companies charged homeowners upfront fees and falsely claimed they could get their mortgage loans modified or prevent foreclosure on their homes. The settlements in three separate actions are part of the [...]

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Former Mann Bracken Lawyers Start Collection Firm

October 20, 2010

Several former attorneys at legal collection giant Mann Bracken LLP have formed a new collection firm. Mann Bracken, a national firm that was based in Rockville, MD., collapsed in January and is now in receivership. The new firm – called Kramer, Meggison & Taylor LLC – has offices in Rockville and Atlanta. The new firm [...]

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How do identity theft protection services protect my social security number?

October 12, 2010

A number of the top reviewed identity theft protection services help protect your social security number from fraudulent usage, including Identity Theft Shield. This service monitor your credit report for inappropriate use of your SSN. If they see anything suspicious, they will alert you. In the unlikely circumstance you become a victim of identity theft [...]

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Fannie Mae Sets New Foreclosure Timeline in Several States

October 4, 2010

Fannie Mae has established new foreclosure timeframes for four states – Florida, Maryland, Nevada and New York – telling seller/servicers they face potentially steep fines if they cannot complete the task. In a recent servicing announcement sent to seller/servicers, the GSE increased what it calls the “allowable time frame” for Florida foreclosures to 185 days, [...]

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Maryland Revokes Mann Bracken’s Collection Agency License

October 1, 2010

Maryland regulators officially revoked the collection licenses of defunct law firm Mann Bracken LLP, seven months after issuing a cease and desist order and suspending the firm’s licenses. Mann Bracken closed in January, and up to 25,000 collection lawsuits were dismissed. The firm went into receivership in February. The origins of the firm’s collapse date [...]

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Save Money on New Car Purchases

September 23, 2010

Buying a new car is one of the most exciting times in a person’s life. Your heart races with anticipation as you consider the perfect make, model, and color for you. Perhaps you’ve been dealing with breakdowns and repairs on your old car for years, and you’ve finally decided that getting a new one is [...]

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Owners Stop Paying Mortgages & Stop Worrying

September 15, 2010

For many, foreclosure is becoming a way of life. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Catch a movie at the local movie theater.A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a homemade [...]

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Phone Card Scam – Minutes Not Included

August 10, 2010

A New York City company is accused of ripping of immigrants through the sale of fraudulent international calling cards.  The company will pay a $500,000 fine and has to stop running the scam. Diamond Phone Card sold cards to hundreds of newsstands and grocery stores promising minutes that weren’t delivered.  They also failed to tell [...]

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David Faith Corporation Barred From Collecting Debts in Colorado

August 2, 2010

The Colorado Attorney General has issued an order barring the David Faith Corporation from collecting debts in Colorado. According to the order, the company engaged in fraudulent and threatening debt collection practices that are barred under Colorado law and attempted to collect debts prior to obtaining a license from the state. The company’s owner also lied on [...]

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