loan modification

The Loan Mods Are a Lie: Michael Olenick Crunches the Numbers to Expose the Banks

by Mike on November 17, 2011

The Mortgage Bankers Association (MBA) claims that its members have modified five million loans in America to help stanch the bleeding on our foreclosure crisis. But Michael Olenick, who has amassed a gigantic database of Florida foreclosure public records, says that nothing could be further from the truth. Remember, the reason for advocating mods is [...]

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Obama foreclosure plan or loan modification scam?

Obama plan website?

by Mike on April 20, 2009

Looking for government help to save homes One of the most popular search terms people use to find one of our sites is “Obama foreclosure plan.” Homeowners in economic distress are hungry for information about government programs. And of course, where there are people hungry for information about what the government is doing to help [...]

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There’s no such thing as the “Federal Mortgage Modification Administration” – not in our government, anyway.

by Mike on March 25, 2009

This is NOT a government agency. One of my clients today got a mailing from a group called the “Federal Mortgage Modification Administration.” They have a government-sounding name, a government-seal-looking logo, and a Washington, D.C. address. They purport to offer loan modification services, and it’s clear they are trying to look like a government agency [...]

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