Mortgage Articles

Los Angeles, CA: The Los Angeles city attorney recently filed a mortgage lawsuit against Deutsche Bank AG, claiming it was responsible for allowing a number of foreclosed properties to fall into disrepair.

Alexandria, VA: It's a bit complicated, but what National City Bank did in 2008 at the height of the banking crisis had disastrous consequences for hundreds of mortgage holders.

New York, NY: JP Morgan Chase has admitted in a report aired by NBC News, that they have "overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan." Furthermore, the bank actually foreclosed, improperly, on the homes of several military families.

Auburn, NY: Bank of America recently lost a major ruling in its mortgage lawsuit that will make it more difficult for the bank to defend itself, the Washington Post reports.

Washington, DC: As tough a time as homeowners have in the current economy, it is heartbreaking to know that homeowners have even more to worry about with regard to the potential for mortgage fraud, by way of an inflated mortgage fee or predatory lending practices designed to squeeze every last dime out of a homeowner who can least afford to be taken to the cleaners. In Iowa, however, they're cracking down.

Washington, DC: Some of the key elements of Congress' proposed financial reform bill would affect how loans are regulated, particularly predatory mortgage lending.

Charleston,WV: A woman from Cross Lanes, West Virginia, has filed suit against Flagstar Bank and one of its employees over alleged predatory lending practices related to the woman's mortgage.

Davis, CA: Elaine Roberts Musser says she has pretty much seen it all in her law practice—predatory lending, high mortgage fees and more. Part of the problem, she writes in the 5/20/10 issue of the People's Vanguard of Davis, is that complex mortgage products designed for the educated investor who intends to own property as an investment for only a short period of time are instead foisted upon the everyday Joe who simply intends on buying a single house and staying put for a long time.