Mortgage Information

United States Justice Department Sues Bank of America Over Faulty Mortgage Securities

Mortgage Information
Bank of America’s reputation has been very lackluster as of late. In early August, the Justice Department sued them for losses of about $850 million in mortgage securities. They didn’t…

JPMorgan Investigated by United States’ Justice Department Over Mismanagement of Mortgages

Mortgage Information
JPMorgan Chase is this country’s largest bank and right now they are being investigated by both the civil and criminal divisions of the Justice Department over allegations of them selling…

The Difficuly in Getting a Second Mortgage or a Modified One

Mortgage Information
People take out second mortgages sometimes to help pay off the cost of their home. Usually, a lender will modify the terms of the first mortgage so that the homeowner…