Moe Bedard

The U.S. Department of the Treasury and the Department of Housing and Urban Development today released April data for the Administration’s Home Affordable Modification Program showing that there were permanent modifications for almost 300,000 homeowners – an increase of 68,000 or almost 13 percen...

New Jersey Department of Community Affairs’ Acting Commissioner Lori Grifa today announced that the New Jersey Housing Mortgage Finance Agency has been awarded a $966,407 federal grant to support foreclosure prevention efforts statewide. The funding will enable participating agencies across the s...

An East Stroudsburg, Penn., man pleaded guilty today to a wire fraud charge in connection with the $136 million fraud scheme that bankrupted Pine Brook, N.J.-based U.S. Mortgage Corp. Leroy Hayden, the servicing manager of U.S. Mortgage from 2004 through Jan. 28, 2009, pleaded guilty before U.S. ...

Queens District Attorney Richard A. Brown, joined by New York State Banking Superintendent Richard H. Neiman and Acting New York State Police Superintendent John P. Melville, today announced that 17 individuals – including two Queens attorneys – have been charged with defrauding legitimate homeow...

People often choose to refinance their mortgage for a variety of different reasons including home repairs, medical bills, paying off school loans, etc. Many mortgage professionals advise only to take on this extra debt if it is absolutely necessary. Before considering this option you may want to ...

Joined by seven of their colleagues, U.S. Sens. Al Franken and Olympia J. Snowe filed a bipartisan amendment to the Wall Street Reform bill now on the Senate floor. The proposal would create an Office of the Homeowner Advocate, funded from existing sources, whose focus would be on assisting homeo...

The Neighborhood Assistance Corporation of America, NACA, will be holding yet another marvelous FREE foreclosure prevention event for struggling homeowners. This home saving gathering will be held in Cook County, Illinois at the McCormick Place in Chicago. If you are having mortgage issues and ne...

A suspect in a multi-million dollar mortgage fraud scheme over a year ago was able to avoid prosecution despite several arrests of others involved in the scam. However, this year she has not been so lucky. Previous investigations found that Yvette Gonzalez Valdes, owner of Best Choice Mortgage, p...

Foreclosure is one of the most catastrophic occurrences that can happen to a property owner. It can destroy the financial reputation of the homeowner and will bring their credit score down a significant amount. Foreclosures generally happen when someone uses the value of their home to take out a ...

One of the most frequently asked questions by struggling homeowners in today’s economic crisis is ” how to stop foreclosure?” With the national unemployment rate still at 10%, millions of Americans across the country are finding it very difficult to manage their monthly mortgage payments. Whether...