Reverand Bill Englehart is an exceptional story teller. His Sunday messages are always relevant and told with wit and wisdom. It might be worth your while to view this as he is addressing real estate woes, greed, . (Note that it is slightly misaligned, so you may have to move your sliders to center it in the window.)

Until Now, There Have Been Seven Different Regulators With Authority Over The Consumer Financial Services Marketplace. Accountability has been lacking because responsibility is diffuse and fragmented. In addition, many mortgage lenders and mortgage brokers were almost completely unregulated. All that will change.

The bank did not do its job, according to this judge: “If you make a liar loan, then you cannot claim you were harmed by relying on lies.” The result: This family won their home free and clear.

A false loan application is fraud and usually grounds to deny a bankruptcy discharge, but this lender did not verify the income and did not rely on false application, according to an Oakland, CA, judge which called the case “a poster child for some of the practices that have led to the current crisis in our housing market.”

When homeowners call the HopeLine, they are usually given a timeline stating where they are in the foreclosure process and how much longer they will be able to keep their home. “It’s a total waste of time,” said one Mill Valley resident. “I didn’t learn anything new, and I had to wait on hold forever just to listen to some guy across the country that doesn’t really know what he’s talking about.

The FBI has a section on its site entitled “Money Matters.” Sections include Scam Watch, Credit Cards, Managing Your Money, Dealing with Debt, Your Home, etc.

The court found that MERS acted “only as a nominee” for Bayrock under the Deed of Trust and there was no evidence that the note was transferred.