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Butler County program can put foreclosures on hold
The program is only available to those whose mortgage companies have filed foreclosure proceedings against a loan holder. The number of 407 new foreclosure cases. In 2012, that number was 443, and in 2011, lenders filed 404 foreclosure cases.

Has the time come for a five-year mortgage fix?
Has the time come for a five-year mortgage fix? Almost three years ago to the day, on 22 January 2011, Guardian Money was reporting on the fact that the money markets were pricing in three 0.25% Bank of England rate rises by the end of that year, prompting some mortgage lenders to pull their best 

2014 Quicken Loans All-Star Football Challenge to feature Texas A&M's Jake ...
Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power for four consecutive years in 2013, 2012, 2011 and 2010. Quicken Loans has ranked among the top-30 companies on FORTUNE Magazine's

S&P Gets the Pitchfork Treatment
In an affidavit filed in a California federal court, S&P chairman Harold McGraw III alleges that on August 8, 2011 — i.e., when the Obama reelection campaign was gearing up — Geithner tracked him down by phone. The then-secretary was Uncle Sam

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Whistleblower Awarded $9 Million

A former underwriter for a mortgage lending company has been awarded $9 million as a whistleblower for her part in a federal investigation of the lender, the U.S. Justice Department announced Tuesday.

Mary Bozzelli, underwriter for PHH Corp., a Mount Laurel, N.J.-based mortgage lending company, raised concerns about the lending practices of the company, which subsequently resulted in a U.S. Department of Justice investigation.

The investigation led to PHH Corp. agreeing to pay $74 million to the U.S. government. Bozzelli will receive $9 million of the settlement, which resolves claims that the company approved mortgages for unqualified borrowers. The loan practices cost borrrowers and the U.S. government substantial amounts of money, the Justice Department said.

The settlement arose from charges that PHH Mortgage Corp. and PHH Home Loans approved mortgages that did not meet the standards of government programs that were insuring the loans, such as the Department of Housing and Urban Development and the Veterans Administration.

PHH reaches $75 million settlement with DOJ over False Claims Act violations

“We have agreed to resolve these matters, which cover certain legacy origination and underwriting activities, without admitting liability, in order to avoid the distraction and expense of potential litigation,” PHH said in a statement.

“While we cooperated fully in these investigations since receiving subpoenas in 2013, we concluded that settling these matters is in the best interest of PHH and its constituents. Adhering to high legal, regulatory and ethical standards is at the core of how we conduct business, and we remain committed to serving our customers and all of our stakeholders consistent with that principle,” it continued.

PHH added that the settlement agreements cover certain mortgage loans insured by the Federal Housing Administration during the period between Jan. 1, 2006 and Dec. 31, 2011, certain mortgage loans insured by the VA, and certain mortgage loans sold to Fannie Mae and Freddie Mac .

default on mortgage on credit report, what will happen in the future?

hi can anybody help? i will try to explain the situation as best i can.