New York, NY (PRWEB) July 01, 2013
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Kramer and Kaslow: Lenders Call for Homeowners to Waive Rights to Sue for Errors
Calabasas, CA (PRWEB) June 06, 2011
The internet site http://www.propublica.org (http://www.propublica.org/write-up/in-fine-print-banks-demand-struggling-homeowners-to-waive-rights) is reporting that a lot of lenders are requiring homeowners to waive all their rights to sue for errors if they want to seek a loan modification or other type of assistance.

“I am troubled, but not shocked, that this is still occurring,” Rep. Maxine Waters, D-Calif., who has been pushing a bill to ban these waiver clauses since 2008, was quoted in the internet site report. “The mortgage servicing market has been broken for quite some time and demands substantial reforms.”

As reported in Propublica.org, Neil Brazil, a spokesman for HSBC, stated the bank does not include any rights waiver in its regular modification agreements, but that attorneys pursuing foreclosure on its behalf may well consist of them when providing a homeowner a forbearance strategy. Brazil declined to say if HSBC included the clauses much more generally. He emphasized that HSBC had been operating with the borrower for over two years.

Propublica also reports that Bank of America, the country’s largest servicer, included related language in agreements late final year not only in New York, but many other states.

Philip Kramer, a perennial winner of the prestigious Southern California Super Lawyer award has stated that what the banks are performing is outrageous misconduct. Kramer, whose firm Kramer-Kaslow has launched multiple consolidated plaintive litigation lawsuits against lenders on behalf of property owners, argues that, The banks are feeling a lot of stress simply because of their wrongdoing and are attempting to steer clear of their day in court. A lot more of his observations can be found at http://kramer-kaslow.com/blog/2011/06/philip-kramer-banks-taking-benefit-of-home owners/

ABOUT PHILIP KRAMER
PHILIP A. KRAMER is the senior companion of the Law Workplace of Kramer & Kaslow, in Calabasas, California. Kramer & Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on organization litigation, and genuine house matters. He has prosecuted and defended circumstances for more than twenty 5 years.

Mr. Kramer is a licensed true estate broker and has spent considerable time providing legal solutions in connection with real estate issues relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and development, finance, and landlord tenant matters.

Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 circumstances. He has appeared on nationally televised applications relating to pre-trial process and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of a variety of legal and organization troubles.

Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in a lot of firms. For much more details contact (818) 224-3900 or check out http://kramer-kaslow.com

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Mesothelioma Victims Center Urges US Navy Veterans Diagnosed With Mesothelioma To Call Them For The Names Of The Most Skilled Mesothelioma Lawyers-For Far better Compensation
(PRWEB) June 14, 2013
The Mesothelioma Victims Center says, “US Navy Veterans are by far the largest single group of men and women diagnosed with mesothelioma each and every year, and we are incredibly passionate about making particular each a single gets to the nation’s most skilled, and experienced mesothelioma lawyers, simply because we know compensation for mesothelioma is directly linked to the ability, and the experience of the mesothelioma lawyers who represent their client.” According to the CDC, about 2500 US citizens will be diagnosed with mesothelioma this year. Of this group, about one third served in the US Navy. Mesothelioma is a very uncommon type of cancer that is one hundred% directly attributable to exposure to asbestos. The CDC also indicates the average age of a diagnosed victim of mesothelioma is about 72 years old. Normally the US Navy Veteran victim was exposed to asbestos decades ago, regularly in a US Navy ship’s engine space, a ammunition magazine, or in fuel storage regions. According to the Veterans Administration some of the worst varieties of asbestos exposure occurred when a US Navy Veteran was stuck on a ship way in dry dock undergoing a major overhaul in shipyards in Washington, Virginia, California, Maine, or Georgia. For far more info US Navy Veterans who have been diagnosed with mesothelioma, or their family members are encouraged to get in touch with the Mesothelioma Victims Center anytime at 866-714-6466 for instant access to the nation’s major lawyers, who specialize in mesothelioma financial compensation.

The Mesothelioma Victims Center says, “What tends to make identifying US Navy Veterans who have been diagnosed with mesothelioma complicated is they are in each and every state. Washington, and Maine are two of the leading states with diagnosed victims of mesothelioma, and both are property to significant US Navy installations. Even so, it is just as likely a US Navy Veteran living in California, Florida, Texas, New York, New Jersey, Massachusetts, Ohio, Pennsylvania, Illinois, Indiana, Missouri, Kansas, Nebraska, North Dakota, Wyoming, New Mexico, Colorado, Utah, Nevada, Arizona, Idaho, Montana, Oregon, or Alaska could be diagnosed with mesothelioma, and we are urging household members of lung cancer victims to be certain to tell the victim’s doctor, if they are US Navy Veteran, and if they were exposed to asbestos although serving. Since mesothelioma is so rare, and because the victim is usually over 70, we fear a lot of US Navy Veterans are not appropriately diagnosed with mesothelioma, and they in no way are compensated.” For much more data please contact the Mesothelioma Victims Center anytime at 866-714-6466. http://MesotheliomaVictimsCenter.Com

The Mesothelioma Victims Center says, “Aside from US Navy Veterans, other high danger groups for a uncommon type of cancer called mesothelioma include shipyard, power plant, or oil refinery workers, plumbers, county, or city municipal water district workers, electricians, pipe fitters, insulators, miners, demolition construction workers, railroad repair yard workers, or auto brake technicians.” The Mesothelioma Victims Center says, “Generally the average US mesothelioma victim is about 72 years old. A lot more often than not mesothelioma is diagnosed three, four, or even 5 decades soon after the exposure to asbestos. Since of the age of the average victim of mesothelioma we talk to we really encourage the adult son, the adult daughter, or the wife of the victim to contact us anytime at 866-714-6466, so we can offer them, and their loved 1 with our unparalleled cost-free services.” http://MesotheliomaVictimsCenter.Com





FHFAs Hard Call on Underwater Mortgages and Principal Reductions and the Motives Why
Minnepolis, Minnesota (PRWEB) August 02, 2012
Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA) which oversees Fannie Mae and Freddie Mac, lately stated “Nowadays, I offered a response to several congressional inquiries as to regardless of whether the Federal Housing Finance Agency (FHFA) would direct Fannie Mae and Freddie Mac to implement the House Inexpensive Modification Program Principal Reduction Alternative (HAMP PRA). FHFA has concluded that the anticipated rewards do not outweigh the costs and dangers.” As the U.S hears this decision, it might not be easy for distressed homeowners to be told “no” and neither is it simple to say “no”.

Spending, or lowering principal owed, has instant gains. However, taxpayers will in the end have to pay for mortgage principal reductions. As of the finish of 2011, taxpayers had currently spent practically $ 185 billion to hold the mortgage giants afloat. Residence Destination has a number of inquiries. What can taxpayers actually afford in the balance of it all? Ought to we be reorienting the very first loss order for underwater mortgages?

DeMarco’s letter to Congress two days ago says, “Although analyses show a advantage to the Enterprises from employing principal forgiveness, the benefit to taxpayers varies from negative to constructive based on the DTI distribution. This additional illustrates the sensitivity of the model-based results to specific assumptions.”

The letter come to the point by saying, “The beneath-reported story via the housing downturn has been that despite the number of people underwater on their mortgages, the vast majority have continued to spend their mortgages, meeting their contractual obligations. For instance, around 80 percent of the Enterprises underwater borrowers are existing on their loans. Even so, regardless of most underwater borrowers remaining existing on their mortgages, we have also seen borrowers default on their underwater mortgages with out apparent disruption to their other monetary obligation, and different commentators have truly encouraged such strategic default.

DeMarco’s letter states his forethought and posture to strengthen Fannie Mae and Freddie Mac in that he “previewed for Congress numerous housing-connected initiatives to strengthen the loss mitigation and borrower help efforts of Fannie Mae and Freddie Mac as effectively as increase the operation of the housing finance marketplace.” These initiatives contain:

1) new and consistent policies for lender representations and warranties
2) alignment and simplification of the Enterprise short sale applications
3) additional enhancements for borrowers hunting to refinance their mortgages.

It is no light matter to go at odds with Treasury Secretary Timothy Geithner. Public records show that DeMarco has assistance from higher ranking Republican members of Congress, “like Senator Bob Corker (R-TN),Representative Darrell Issa (R-CA) and Representative Spencer Bachus (R-AL)”, as reported by Frobes. They concur with the logic behind his difficult selection and continue searching for how taxpayers can greatest carry the burden of assisting underwater property owners. Along with numerous housing analysts, the American Bankers Association(MBA) has also taken a stance that defends DeMaco and continues to look for much better lengthy-term options that would make credit much more accessible.

FHFA has created the determination that the long-term national fees of a widespread principal reduction plan are unlikely to outweigh what could be a short-term gain for a couple of choose borrowers in specific states,” declared David H. Stevens, president and chief executive officer of the MBA. “We agree that principal forbearance can aid borrowers recognize a payment reduction in a comparable way as principal reduction. It is crucial to implement solutions that support the American homeowner without incurring the unfavorable lengthy-term effect of generating credit less available and much more high-priced.”

This should be optimistic for housing by taking off the table the threat of a wave of defaults by borrowers seeking to get principal reduction, Jaret Seiberg, senior policy analyst at Guggenheim Partners, wrote in a note to investors.

“The heat is so intense due to the fact DeMarco holds the key to Fannie and Freddie Mac along with 12 other residence Federal House Loan Banks,” says Jenna Thuening, owner of Home Destination. According to the FHFA, these agencies provide a staggering $ 5.7 trillion in funding for the U.S. mortgage markets and monetary institutions including important lenders. Even with TARP funds possibly added to the mix, DeMarco holds his ground that it does not figure out productively to take income from one pocket and place it in one more.

Homeowners in the Minneapolis area can get in touch with House Location for help taking into consideration choices if facing foreclosure or have an underwater mortgage and want support. Contact 612-396-7832.





Lung Cancer Asbestos Victims Center Now Urges US Navy Veterans With Mesothelioma Or Lung Cancer To Call Them If They Had Heavy Exposure To Asbestos On A US Navy Ship
(PRWEB) June 11, 2013
The Lung Cancer Asbestos Victims Center is urging diagnosed victims of mesothelioma, or lung cancer who served in the US Navy, or their loved ones members to contact them if the Veteran had important exposure to asbestos whilst serving on a US Navy ship. According to the Veterans Administration there are at present about twenty one million US Navy Veterans in living in the United States. The Veterans Administration is extremely open about mesothelioma, or asbestos related lung cancer, and US Navy Veterans, due to the fact so numerous Veterans have been exposed to asbestos on a US Navy ship, specially throughout a dry dock overhaul. If a US Navy Veteran is a victim of mesothelioma, or any kind of asbestos exposure types of lung cancer the Lung Cancer Asbestos Victims Center will direct the victim, or family members to most skilled, and experienced mesothelioma lawyers, or asbestos exposure law firms in the nation, because the best possible lawyers, or law firms normally get the very best possible financial compensation final results for their consumers. For much more information diagnosed victims of mesothelioma, lung cancer victims, or their family members members are urged to call the Lung Cancer Asbestos Victims Center at 866-714-6466.

The States with the biggest quantity of US Navy Veterans: 
California 
Florida 
Texas 
New York 
Washington 
Virginia 
Maine 
Ohio 
Pennsylvania 
Illinois
The Lung Cancer Asbestos Victims Center says, “Because there are presently 20 million plus US Navy Veterans mesothelioma, or asbestos associated forms of lung cancer victims are diagnosed in all states including Kansas, Idaho, Colorado, Vermont, Massachusetts, North Carolina, New Jersey, West Virginia, Louisiana, Missouri, Oklahoma, North Dakota, Wyoming, New Mexico, Arizona, Nevada, and South Carolina.” According to the US Centers for Disease Handle of the 2500, to 3000 US citizens who will be diagnosed with mesothelioma this year, about 1 third served in the US Navy.” http://LungCancerAsbestosVictimsCenter.Com

The Lung Cancer Asbestos Victims Center says, “Aside from the US Navy, other higher danger workplaces for asbestos exposure include shipyards, power plants, manufacturing factories, chemical plants, oil refineries, mines, smelters, aerospace manufacturing facilities, demolition building work internet sites, railroad repair yards, automotive manufacturing facilities, or auto brake shops. With mesothelioma, or lung cancer triggered by asbestos exposure the cancer may possibly not show up till decades right after the exposure. As extended as the victim, or their family members can prove the exposure to asbestos, we will do every little thing possible to help them get what might be substantial monetary compensation.” For much more data please call the Asbestos Victims Center anytime at 866-714-6466. http://LungCancerAsbestosVictimsCenter.Com





The Collingwood Group to Conduct First Mortgage Industry Conference Call
Washington, D.C. (PRWEB) January 26, 2012
The Collingwood Group (Collingwood) is pleased to introduce its new offering — a series of industry conference calls — which will begin with a February 9, 2012 call entitled FHA Enforcement: Myths, Misconceptions and Facts. This call series comes as a result of Collingwoods launch of its new Risk Management and Compliance Division, established with its January 1, 2012 acquisition of GWN Consulting, LLC (GWN), a firm specializing in Federal Housing Administration (FHA) and Ginnie Mae risk management and quality control.
Collingwoods Risk Management and Compliance Division staff brings to the organization extensive FHA and Ginnie Mae knowledge and experience, and plans to share information on an ongoing basis with Collingwood clients and other industry colleagues. As part of this effort, the team will launch a series of educational conference calls, beginning with the first call FHA Enforcement: Myths, Misconceptions and Facts focusing on FHA Enforcement, Quality Assurance and Inspector General reviews and the Mortgagee Review Board. The call, offered at no cost to participants, will be held on February 9, 2012, at 2:00 p.m. Eastern Time. The call will be led by Collingwood Group Chairman and former FHA Commissioner Brian Montgomery, who will moderate a discussion between Karen Garner, Collingwood Group Managing Director and former HUD compliance manager and GWN Principal, and David Hintz, former Secretary to the HUD Mortgagee Review Board. It will also serve as an introduction to the services that the Risk Management and Compliance Division will offer.
Additional calls will be held moving forward, covering potential topics such as FHA Loss Mitigation tools, Ginnie Mae compliance reviews, and compliant and effective quality control plans.
This is a critical time for lenders and servicers struggling with compliance, litigation and claims management issues related to their FHA and Ginnie Mae operations, said Montgomery. The experience, insight, and relationships of our new Risk Management and Compliance Division staff can provide substantial information that will be helpful to these organizations in developing proactive, preventative activities in their compliance efforts.
The expansion of Collingwoods offerings and this call could not be more timely, given the issuance of the press release by Acting FHA Commissioner Carol Galante announcing changes to FHA authority for the lender insurance program and standards for indemnification requests. (Follow this link to the press release issued by HUD: http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-010)
With FHA toughening its standards, rules and penalties, and with volume that has grown to historically high levels, lenders and issuers can reasonably expect corresponding increases in the level of FHA audit, enforcement actions, and penalties. The goal of Collingwoods Risk Management and Compliance Division is to assist its clients with capabilities that now include FHA and Ginnie Mae lender/issuer applications and re-certifications, preparation and responses to audits or reviews, origination or servicing compliance and best practices, claims management and recoveries, program manuals and operating guides, and development of written and program training.
Garner is proud of the new divisions capabilities, saying, With our upcoming conference call series and new services, we are confident that we can provide substantial assistance to lenders and servicers as they focus on quality control activities that will enable them to proactively monitor performance and mitigate risk.
About The Collingwood Group
The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients businesses, promoting revenue growth and increasing investment returns. The firm is led by Chairman Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner, and Vice Chairman Joe Murin, former President and CEO of Ginnie Mae. Both played major roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to financial markets. The firms expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs; Ginnie Mae securitization activities; domestic and international secondary market activities and issues; primary and special servicing; full asset lifecycle vendor and talent management; and all elements of portfolio due diligence, acquisition, property management and asset disposition.
Visit http://www.directeventreg.com/registration/event/46706588 for additional information on The Collingwood Groups February 9, 2012 conference call FHA Enforcement: Myths, Misconceptions and Facts or to register for the call.
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The Collingwood Group Announces Mortgage Industry Conference Call On the Topic of FHA Claim Filing
Washington, D.C. (PRWEB) July 12, 2012
The Collingwood Group (Collingwood) is pleased to announce its third in a series of industry conference calls — Maximizing FHA Claim Filing (Part A and B), being held at 2pm EST on Thursday, July 26, 2012.
The conversation will focus on the FHA claims process and pitfalls. Specifically, the panelists will provide insight into FHAs highest priorities during a claims review and discuss some of the most common violations they find. Furthermore, Collingwoods team of FHA experts will discuss how much errors cost as well as the most common way servicers leave money on the table that they could be claiming.
The FHA claims filing process is inherently complicated, and if the servicer is not well versed in all the complexities, it can create dual exposurepotential enforcement action by HUD for non-compliance and significant financial losses due to incomplete, inaccurate, or untimely filing, said Brian Montgomery, Collingwood Group Chairman and former FHA Commissioner. He added, How servicers and lenders can effectively manage this process will be the primary focus of this industry call, with a goal of providing information that is timely and insightful.
The call, offered at no cost to participants, will be led by Brian Montgomery. He will be joined by Karen Garner, Collingwood Group Managing Director and Heidi Schranz, Collingwood Group Senior Consultant, who possesses over 10 years of experience in FHA claim processing, filing and auditing.
FHA conducts compliance reviews of servicers filing claims on a routine basis from the largest servicers to those that file only a few claims a year. It is imperative that servicers realize the relationship between how their customer service and loss mitigation representatives service a loan and the filing of the mortgage insurance claim, said Garner With increased emphasis on servicing compliance by FHA, the CFPB, OCC and other regulators, now is the time to ensure that you know what to expect and have policies and procedures in place to minimize the risk to your firm and maximize your mortgage insurance claim recovery.
Collingwoods Risk Management and Compliance Division is sharing information on an ongoing basis with Collingwood clients and other industry colleagues. Its first call FHA Enforcement: Myths, Misconceptions and Facts, focused on FHA Enforcement, Quality Assurance and Inspector General reviews, and the Mortgagee Review Board. The second call focused on FHA Servicing Compliance with emphasis on FHAs loss mitigation program. A summary of each call is available on Collingwoods website at http://www.collingwoodllc.com.
About The Collingwood Group
The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients businesses, promoting revenue growth and increasing investment returns. The firm is led by Chairman Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner, and Vice Chairman Joe Murin, former President and CEO of Ginnie Mae. Both played major roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to financial markets. The firms expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs; Ginnie Mae securitization activities; domestic and international secondary market activities and issues; primary and special servicing; full asset lifecycle vendor and talent management; and all elements of portfolio due diligence, acquisition, property management and asset disposition.
Visit http://www.directeventreg.com/registration/event/99845500 to register for the call.