ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Loan Modification

: Mortgage Lender Implode-o-Meter

US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages

By Implode-Explode Heavy Industries

ADVERTISEMENTS
``All the phantom interest that is not actually collected is booked as income until the actual act of foreclosure. As a resullt, many bank financial statements actually look much better than they actually are. At foreclosure all the phantom income comes off the books of the banks.''

Full post as published by Mortgage Lender Implode-o-Meter on January 12, 2011 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Reverse Mortgages
Consumer facts

Income Tax Changes for 2007
Get Answers to your Income Tax Questions

The Paulson Toxic Mortgage Debt Security Act: The Biggest Government Bailout of All Time
Legislative Proprosal for Treasury Authority to Purchase Mortgage-related Assets

Lawsuits and Settlements

Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings

Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages

Tanning Salon Defamation
WDIO-TV pays undisclosed settlement after reporting false information about a business owner.

UAB Health System and Franklin Collection Service
allegedly violated the RICO Act in collection practices on delinquent patient accounts.

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

Oppenheimer Champion Income Fund
OPCHX

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0144 secs (new cache)