About Zetrust
We will do all of the negotiating for you, so you can take a breather in these troubling times.
ZeTrust is here to help you. Our teams of professional loss mitigation specialists have only one concern on their mind: Stop foreclosure. Please be assured we will work with you until some type of resolution has been solved. Our experience and relationships with lenders and banks allow us the fortunate opportunity of having extensive knowledge of the foreclosure process. Together we will save your home. Contact us now!
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Foreclosure News
A reader responds to an article about the shortcomings of a program to prevent foreclosures.
A new report suggests that “strategic defaults,” in which borrowers simply walk away from their loans and properties, may be reaching their peak.
Use of Private Process Servers Is Up; Concern Is, Too
The increasing use of private special process servers in foreclosure cases is the subject of a federal lawsuit filed last week.
Rescued From Blight, Losing Their Grip
Hundreds of once-decrepit buildings relinquished by New York City are falling back into severe financial trouble.
A report by the New York Federal Reserve Bank puts the homeownership rate lower than levels indicated by census data.
OP-ED COLUMNIST; The Class War We Need
Ross Douthat Op-Ed column holds that impulse to initiate class warfare against profligate homeowners walking away from their debts must be channeled in constructive direction; suggests that solution is not to tax high rollers' incomes more heavily but to remove tax breaks for wealthy that are no more than subsidies covered by tax dollars of middle-class; holds that most pernicious sort of redistribution of wealth is not from successful to poor, but from industrious middle class to reckless, unp...
The impressions of a traveling man: Reinvention is in the air. People are hanging together. Sometimes they aren’t.
PACE Energy-Efficiency Programs in Jeopardy
Fannie Mae and Freddie Mac may not accept home loans if consumers take advantage of energy-efficiency programs.
Analysts Question Fannie’s Threat on Mortgage Defaults
Experts wondered what Fannie Mae, the mortgage finance giant, hoped to achieve by announcing it would punish owners who strategically defaulted.
Battles in California Over Escaping Mortgage Debt
The California Assembly will take up a bill that would redefine the obligations of many defaulting homeowners.
To Save Itself, Detroit Is Razing Itself
After generations of opposition, many Detroit residents now support the wide demolition of abandoned buildings.
Cost of Fannie Mae and Freddie Mac Keeps Rising
Now two of the country’s biggest landlords, the mortgage finance companies may wind up costing more than the banking industry rescue.
Florida: Senate Candidate Faces Foreclosure
A bank began foreclosure proceedings on a home co-owned by Marco Rubio, the Republican candidate for the Senate, after he failed to pay his mortgage for five months, according to court documents.
U.S. Reveals Mortgage Fraud Crackdown
The government says prosecutors have charged 1,215 people in hundreds of mortgage fraud cases involving estimated losses of $2.3 billion.
Finally, Borrowers Score Points
The new scrutiny of mortgage foreclosure practices, like a $108 million fine extracted from Bank of America last week, is long overdue.
HUD’s Operation Watchdog: Mac-Clair Mortgage Did Not Poperly Underwrite Some FHA Loans
WASHINGTON D.C. (LoanSafe.org) – The U.S. Department of Housing and Urban Development’s (HUD) Office of Inspector General (OIG) reviewed 20 Federal Housing Administration (FHA) loans that Mac-Clair Mortgage Corporation (Mac-Clair) underwrote as an FHA direct endorsement lender. Our review objective was to determine whether Mac-Clair underwrote the 20 loans in accordance with FHA requirements. This [...]
Oregon FBI Charges 3 With Theft From the Government in Section 8 Scheme
PORTLAND, OR (LoanSafe.org) —Dwight Holton, U.S. Attorney for the District of Oregon, announced today that a federal grand jury has returned separate indictments charging Curtis James Cavitt, 37, of Newberg, Oregon, and David Lee and Crystal Foster, 41 and 33, respectively, of McMinnville, Oregon, with theft of government money by receiving Section 8 federal housing [...]
Three Connecticut Homeowners Charged With Mortgage Fraud
NEW HAVEN (LoanSafe.org) – David B. Fein, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in New Haven has returned an 11-count indictment charging STEVEN J. KOTTAGE, 44, and GENARO R. HATHAWAY, 46, both of Weston, and MARY ELLEN DURSO, 53, of Milford, with conspiracy and other [...]
Freddie Mac HAMP Backup Modification
To help aid some homeowners who have pre-qualified for the Home Affordable Modification Program but were unable to achieve a permanent modification Freddie Mac came out with a new program. The program is called the Freddie Mac HAMP Backup Modification and it is designed to help borrowers avoid foreclosure who were initially offered a trial [...]
FTC Chairman to Announce New Debt Relief Rule to Protect Consumers
(LoanSafe.org) – Federal Trade Commission Chairman Jon Leibowitz will announce a new rule to protect consumers of debt relief services at a Middle Class Task Force event at the White House. Following the Chairman’s announcement, Vice President Biden will discuss the administration’s consumer protection agenda and the importance of consumer protection to middle-class families. This [...]
Remodeling Dips but Shows Signs of Stabilization
July 29, 2010 – (LoanSafe.org) – The remodeling market slid backward during the second quarter, according to the latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The RMI (combining current and future market indicators) sunk to 40.7 from 43.8 in the first quarter. Current market conditions slid back to 42.6 from 44.5 [...]
Thousands of Rural Home Buyers Aided by Passage of Housing Funding Measure
Washington, July 28, 2010 – (LoanSafe.org) – The restoration of the single-family rural housing program that would guarantee home loans for rural buyers was passed by the Senate today and is on its way to President Obama. The National Association of Realtors® has vigorously lobbied to restore funding for the rural program since last March, [...]
Fannie Mae Opens Chicago Mortgage Help Center
WASHINGTON, DC — Fannie Mae (FNMA/OTC) – (LoanSafe.org) – today announced the opening of a new mortgage help center in Chicago to provide counseling and other services for struggling homeowners in the greater metro area with loans owned by Fannie Mae. The Chicago Mortgage Help Center (Center) is the second facility and third announced partnership [...]
Second Quarter 2010 Commercial/Multifamily Mortgage Originations Increase
Washington, DC (July 28, 2010) – (LoanSafe.org) – Second quarter 2010 commercial and multifamily mortgage loan originations were one percent higher than during the same period last year and 35 percent higher than during the first quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. “Borrowing remains light as [...]
Mortgage Insurer, PMI Group Reports Another Quarterly Loss
WALNUT CREEK, Calif (LoanSafe.org) – The PMI Group, Inc. (the “Company”) reported a loss from continuing operations in the second quarter of 2010 of $150.6 million, or $1.11 per share. •Second quarter results included a $31.0 million loss (after tax), or $0.23 per share, as a result of the increase in the fair value of [...]
