Help for Homeowners
Welcome To MFI-Miami
Contact MFI-Miami for help. MFI-Miami is Florida’s premier forensic mortgage auditing firm. Our goal is to shed light on the errors and fraudulent actions committed by mortgage brokers and lenders. Their missteps may have cost you anywhere from a few thousand dollars,... [Read more...]
MFI News
Fannie And Freddie To Expand Mortgage Rescue
The Obama administration has expanded its plan to use government-controlled lenders Fannie Mae and Freddie Mac to help struggling mortgage borrowers with homes that are worth far less than they paid for them during the housing bubble. On Wednesday, the Federal Housing Finance... [Read more...]
Treasury’s Distressed Debt Plan Said to Begin With $20 Billion
The U.S. Treasury Department may begin its program to spur purchases of mortgage-backed securities from banks with about $20 billion in public and private money, down from as much as $100 billion when it was announced in March, two people familiar with the matter said. The Treasury... [Read more...]
Consumer Alerts
Groups Mull ‘Harry and Louise’ Ads to Sink Consumer Agency
Financial industry and other business groups are considering running “Harry and Louise”-style ads to sway public opinion against the Obama administration’s proposed Consumer Financial Products Agency. The original Harry and Louise television spot, financed by... [Read more...]
Mortgage Fraud on the Rise
Mortgage fraud targets homeowners facing the possibility of foreclosure and the most common type is loan modification mortgage fraud. Loan modification happens when a third party promises to work with a lender to get a homeowner a lower interest rate and monthly payment. It’s... [Read more...]
Mortgage Law
Mortgage Broker Guilty in Fraud Scheme
A Minneapolis man pleaded guilty Wednesday in federal court to wire fraud and tax evasion in connection with a mortgage fraud scheme, federal prosecutors said. As part of the agreement, Frederick Earle Deen III admitted that from September 2005 to July 2007 he and four unidentified... [Read more...]
Scams Prompt Call for Licensure in Mortgage-Modification Business
On its Web site, Your Credit Angel LLC promises to help financially struggling consumers get home loan modifications. One Idaho consumer didn’t think the Nevada-based company was delivering on its promise, and the Idaho Department of Finance agrees. In April the department... [Read more...]
Mortgage Info
Risks, Benefits Of Securitization Under Scrutiny
The Obama administration this month unveiled some new ideas for reforming the nation’s battered financial markets. One item high on the agenda is the future of the securitization industry. These days, almost anytime someone borrows to fund a business, buy a car or get a... [Read more...]
Group Aims to Solve Foreclosure Crisis
Foreclosure rates in Rock County have rocketed by about 1,400 percent since 2008 — a grim statistic one organization aims to reduce through its soon-to-be launched Rescue America Project. “This problem is fixable,” said Michael Rorabeck, founder of the John Doe Movement... [Read more...]






