Blog

Meet Michael Cacciotti

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Meet Michael Cacciotti

Michael Cacciotti is the Mayor of South Pasadena and is a State Prosecutor with the Attorney General's office. He is very interested in the plight of homeowners facing abuses by mortgage lenders during this foreclosure crisis.

Times Have Changed and So Has Bankruptcy

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Times Have Changed and So Has Bankruptcy

If you are one of the many homeowners these days who is experiencing difficulty making your mortgage payment, you may have already considered bankruptcy.

Saving Your Second Home or Rental Property

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Saving Your Second Home or Rental Property

The Obama Program, whether it works or not, is solely for the modification or refinance of primary residences. Many families took the opportunity to acquire a second home during the housing market boom.

Half of All Homes “Underwater” by 2011

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Half of All Homes “Underwater” by 2011

We predict that Loan Modifications and short sales will increase exponentially in the next year or two.  We are already seeing lenders overwhelmed with requests for help; they are hiring new (hopefully knowledgeable and trained) staff almost daily.

Nobel Prize-Winning Economist Raises Concerns About Obama Mortgage Plan

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Nobel Prize-Winning Economist Raises Concerns About Obama Mortgage Plan

Nobel Prize-winning economist, Joseph Stiglitz is convinced that the $75 billion mortgage relief program doesn’t do enough to help Americans who can’t afford to make their monthly payments.

Computer-Generated Loan Audits

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Computer-Generated Loan Audits

Many people are confused about the purpose and process of loan auditing. Unfortunately, many people who actually offer and conduct loan audits for a living are also in this category!

California’s Abandoned Cities

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California’s Abandoned Cities

We are now seeing whole stretches of urban America being laid waste to the folly and greed of a relatively small number of people who profited at the average Homeowners’ expense.

Dismal Outlook for Commercial Property Owners

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Dismal Outlook for Commercial Property Owners

There’s no good news in 2009 for owners of commercial properties. Rents are projects to drop to around 18%, vacancies could rise another 10%.

Prepared Remarks of Richard Cordray

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Prepared Remarks of Richard Cordray

The Consumer Federation of America has been one of our foremost and fiercest allies for consumers. I would like to thank everyone here for your leadership and extraordinary work on behalf of all Americans.