Missouri Attorney General Chris Koster has filed a lawsuit against US Foreclosure Relief of California for allegedly taking money from consumers to help them modify their loans, but not performing the work."Unfortunately, these tough economic times have brought out opportunists who prey on people at some of their most desperate and vulnerable moments," said AG Koster in a statement. "People facing the loss of a home may feel that they have no other choice but to turn to these fraudulent companies. The Attorney General's Office intends to stop them from doing business in Missouri." According to The Orange County Register, US Foreclosure Relief is a California company with a location in Orange but its telephone does not pick up. AG Koster says US Foreclosure charged homeowners $1,850 for its services, along with a processing fee of $500. "The company demanded payment upfront, in violation of Missouri law. Missouri law is clear that payment may not be charged or collected until the foreclosure consultant service is performed," says the AG's office.
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The national delinquency rate dropped 16 basis points to 3.39% last month, according to the Intercontinental Exchange's latest first look report.
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The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
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Seven federal agencies rescinded a 2022 guidance that encouraged creditors to offer special purpose credit programs to underserved communities.
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Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
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The company last week introduced a temporary shareholder rights plan to curb any attempt by Garg to use supervoting shares and reinstall himself as CEO.
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A pension fund can relitigate claims that Freddie Mac and its leaders misled investors over the government-sponsored enterprise's exposure to subprime loans.
August 24








