Top Stories

The Michigan Messenger going forward

By Staff Report | 11.16.11

I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]

Colorado-based abstinence program provided false and misleading information to Michigan students

HIV-AIDS-small
By Todd A. Heywood | 11.16.11

An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.

Class action lawsuit filed against MERS over unpaid taxes

foreclosure
By Todd A. Heywood | 11.15.11

Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.

Schuette fights important mercury regulations

epa_logo
By Eartha Jane Melzer | 11.14.11

Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.

Michigan must develop plan for anti-foreclosure funds

By Eartha Jane Melzer | 03.16.10 | 2:03 pm

The U.S. Treasury Dept. has given Michigan until mid-April to come up with an innovative way to use $150 million to help homeowners avoid foreclosure, AP reports.

Last month the Treasury Dept. announced a Fund for Hardest Hit Housing Markets that would distribute $1.5 billion to foreclosure prevention efforts by state housing agencies in California, Arizona, Florida, Nevada and Michigan.

The guidelines give wide leeway to the state Housing Finance Agencies charged with doling out the money to design programs tailored to their region’s circumstance. The money can be spent, for example, to help families who can’t pay their mortgages because of job losses, unable to refinance because plunging home values have left them “underwater,” or to give relief from second mortgage payments.

AP writes that so far federal efforts to stop foreclosure have had very limited success.

The Obama administration’s plans to aid homeowners who fall behind on their payments have been problematic. The biggest effort, the Making Home Affordable program, has helped only about 16 percent of the borrowers who signed up since its launch last year. Figures released by the Treasury Department on Friday showed that as of last month, about 170,000 homeowners had had their payments reduced permanently, of which nearly 77,000 were in the five hardest hit states. About 1.1 million have enrolled in the plan overall.

Comments

  • almostforeclosed

    I'm a homeowner who recently took matters into my own hands (instead of waiting for Government ass.) and actually STOPPED FORECLOSURE on my home. I had no idea what I was entitled to. With the help of the Lawyers at RDMLEGAL.COM I kept my home and even lowered my rates. They were extremely easy to talk to and sympathetic to our situation. If your having trouble of your own I suggest looking them up!

  • ConservativeinaLiberalLand

    $150 Million will last oh…about…15 minutes in Michigan. Just wait for the Alt. A mortgages to start defaulting. Alt A's will start defaulting next month in mass and continue increase through 9-2013. Alt A's will be the next bubble to bust in size equal to the Sub-prime event. Thank Barney Frank and company for that.

  • almostforeclosed

    I'm a homeowner who recently took matters into my own hands (instead of waiting for Government ass.) and actually STOPPED FORECLOSURE on my home. I had no idea what I was entitled to. With the help of the Lawyers at RDMLEGAL.COM I kept my home and even lowered my rates. They were extremely easy to talk to and sympathetic to our situation. If your having trouble of your own I suggest looking them up!

  • ConservativeinaLiberalLand

    $150 Million will last oh…about…15 minutes in Michigan. Just wait for the Alt. A mortgages to start defaulting. Alt A's will start defaulting next month in mass and continue increase through 9-2013. Alt A's will be the next bubble to bust in size equal to the Sub-prime event. Thank Barney Frank and company for that.

  • Anonymous

    MORTGAGE FRAUD INVESTIGATION COMPANY
    COMES TO TRAVERSE CITY TO HELP HOMEOWNERS

    My name is Bob Icard and I am the National Business Development Manager of MFI-Miami here in Traverse City.

    MFI-Miami is an independent compliance examination firm specializing in the identification of mortgage fraud, compliance violations and deceptive, abusive and predatory lending practices. MFI-Miami forensic examination process not only exposes possible compliance violations of TILA, RESPA, HOEPA and The FTC Act, but also identifies possible violations of the Michigan Law. We search for violations of MCL 445.1634, 445.1636 and 445.1637. At MFI-Miami, we go even further by investigating the securitization process including the loan pooling and servicing agreements and the security certificate itself.

    Unlike many of our competitors, MFI-Miami does not rely upon computer software, but rather decades of mortgage compliance experience and expertise. Several states recognize MFI-Miami as an expert in mortgage compliance. MFI-Miami is nationally recognized as the leader in mortgage fraud investigations. MFI-Miami’s owner Steve Dibert has been featured in The Miami Herald, The Boston Herald and the National Mortgage News in addition to having been interviewed by several international news agencies such as Al-Jazeera, The Financial Times-Deutschland and NHK in Japan. He has also appeared multiple times on CNBC and ABC News.

    MFI-Miami’s expertise combined with our comprehensive Forensic Mortgage Audit Reports, have proven to be an invaluable resource for many law firms and other attorneys representing troubled homeowners.
    Feel free to contact me at (561) 866-5612 (231) 645-4522 to discuss this further or through our website at http://www.mfi-miami.com, or email me at bob@mfi-miami.com.

    Sincerely,
    Bob Icard
    National Business Development Manager
    MFI-Miami-Traverse City, Michigan
    bob@mfi-miami.com

  • http://www.foreclosureservicesz.com foreclosure services

    I think it’s great that some money is being put towards helping, but come on! If you’re going to help out, why only give a tiny amount? That isn’t going to help very much. I say help everyone, or don’t help at all.

  • MsTruIndeed

    this reminds me of the $1 that was placed on the food stamp cash card from the government to deliver the $1 million assistance for 1 million people to assist in ummm what was it the energy efficient program. I hate to be the butt of bad news but i think these programs,,,including cash for clunker was a way of the government to LOL in our faces. All this ish is pathetic. Michiganers deserve better.