May 19, 2012 |
Should federal officials lecture state lawmakers on policy? The general counsel for the Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, certainly seems to think so. At issue are two bills backed by California Atty. Gen. Kamala Harris to set new rules for the foreclosure process. The bills ran into stiff opposition from lenders, so the top Democrats in the Assembly and state Senate moved them to a conference committee in the hope of working out a compromise that could keep them on track.
May 7, 2012 |
This is a story of persistence. In the case of Miriam Ramirez, it's the story of trying to obtain a much-needed loan modification from Bank of America. In BofA's case, it's the story of giving a mortgage customer the runaround for two years . Loan modifications have been an increasingly nettlesome issue as millions of homeowners struggle to make mortgage payments during the economic slump. The Obama administration has called upon banks to be more diligent in assisting customers prior to foreclosing on properties.
April 5, 2012 |
Three California companies offering auto loan modifications were sued by the Federal Trade Commission, which accused them of deceiving consumers with false promises. Hope for Car Owners in Folsom, Kore Services in San Diego and Nafso VLM in Roseville charged clients hundreds of dollars in upfront fees to obtain car loan modifications, according to the FTC. But the firms allegedly did not fulfill their agreements to get the modifications and refused to give full refunds as advertised.
April 4, 2012 |
The Federal Trade Commission filed a lawsuit accusing several California auto loan modification operations of deceiving consumers with false promises and then leaving their cars to be repossessed. The agency alleged that Hope for Car Owners in Folsom and Kore Services in San Diego charged clients hundreds of dollars in up-front fees for help obtaining car loan modifications, but then did nothing and refused to provide the full refunds they had advertised. The FTC also said it filed suit against individual participants Patrick Freeman from Hope and Michael Kamfiroozie and Naythem J. Nafso of Kore, which conducted business as Auto Debt Consulting.
April 3, 2012 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Beauty queen — Prosecutors in Santa Clara County have accused a former Mrs. Pakistan World of enticing desperate homeowners to pay her tens of thousands of dollars in a loan-modification scam. The Santa Clara County district attorney's office charged Saman Hasnain and her husband, Jawad, with 17 counts of grand theft, accusing them of bilking 17 homeowners, the San Jose Mercury News reported. In the scheme, prosecutors allege, Hasnain and her husband told homeowners that for an advance fee of at least $4,500, they would negotiate with banks to reduce the homeowners' mortgages and forgive overdue payments.
March 25, 2012 |
Question: I manage an apartment community with 16 units. When one of our residents first moved into her apartment, she requested permission to install grab bars in the bathtub. She was disabled and needed these bars to be able to use the tub. She offered to pay the installation cost. I said yes, and we noted the grab bars on the rental agreement. Two years later, she gave her notice of termination. When we did the pre-departure walk-through, I asked her what she was planning to do about the grab bars.
CALIFORNIA | LOCAL
February 11, 2012 |
Loyola Marymount University is a proudly Roman Catholic institution that might be expected to take a special interest in the bitter debate over federal rules requiring contraceptives to be covered by health care plans at religiously affiliated organizations. No doubt, many members of the LMU community did follow the issue closely. But they had no practical stake in the outcome. Like many large Catholic employers in California and elsewhere, Loyola Marymount already provided birth control coverage to its employees, as required for the past 12 years under state law. It is too early to tell whether President Obama ended the debate over the contraceptive mandate Friday by announcing that the federal department of Health and Human Services would require insurance companies, not employers, to pay for the disputed coverage.
January 28, 2012 |
Struggling homeowners are set to get more help from the federal government as the Obama administration extends its key foreclosure prevention plan for a year. The administration also will expand those eligible for the program to include investors and will increase incentives for large banks to modify more troubled mortgages. Originally set to expire in December 2012, the administration's Home Affordable Modification Program will be extended for another year, government officials said Friday.
October 23, 2011 |
Question: I am wheelchair-bound, so I was excited to be able to rent an apartment in a rental community built in 2010. I assumed that a nearly new complex would be built to the latest design specifications and include buildings and common areas where I could live comfortably. But now that I have moved in, I am running into a number of limitations because I cannot easily maneuver my wheelchair. For example, many of the doors on the property are too narrow for my chair. A friend who works in property management told me that newly constructed housing should be accessible to wheelchair users.
October 6, 2011 |
The number of borrowers who received permanent aid through the Obama administration's signature foreclosure relief program increased slightly in August. A total of 15,522 borrowers received permanent modifications through the Home Affordable Modification Program in August, up 2.3% from July. Since the program began more than two years ago, 690,969 have gotten the long-term aid, the Treasury Department said Wednesday. Also in August, the number of troubled homeowners eligible for the program fell below 1 million, with 992,968 borrowers potentially qualified, the Treasury Department said.