Miami Foreclosure Defense

Federal Housing Finance Agency Says It Wants An Alternative To the FICO Credit Scoring System Federal Housing Finance Agency Director Mel Watt is looking at an alternative to the FICO credit scoring system. Yet, he told the Mortgage Bankers Association not to hold their breath waiting for Fannie Mae and Freddie Mac.  Watt said that the Federal Housing Finance Agency is seriously considering moving beyond using only FICO credit scores.  Watt told the Mortgage Bankers: I initially thought this decision would be relatively easy to make. After all, we all believe that competition is good. However, the more we looked into this issue, the more complicated it became. Watt explained why the decision to move to alternative credit scoring models is complex. He used a series of questions to illustrate his point: Read more at MFI-Miami

Lender Disorganization Prevented 70% More Homeowners From Getting HAMP Modifications  Non-HAMP lenders thought they could make more money playing hardball with homeowners only to lose in the end. When President Barack Obama was inaugurated in 2009 he faced an economic crisis this country had not seen in nearly 80 years.  He launched a multi-billion-dollar effort known as HAMP to stem the flood of home foreclosures. The White House launched the Home Affordable Modification Program or HAMP. The aim of HAMP was to help families keep their homes. The program offered incentives to banks and loan-servicing companies to modify mortgages of troubled borrowers. Economists believed that foreclosures were losing proposition for everybody involved. Lenders would face long-term losses from a foreclosed mortgage instead of negotiating more favorable terms with the homeowner. Foreclosures also drag down the value of surrounding properties by creating a cascade of lower values a...

Experience The Most Assertive Miami Foreclosure Defense Team Ever Assembled MFI-Miami has created the most assertive Miami foreclosure defense team South Florida has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any lender in a Miami or South Florida courtroom. Our competitors show off one or two victories but they can't beat our track record. How do we know this? Because we have the track record in Florida to prove it .  MFI-Miami has become a lender's worse nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and lenders in South Florida. Steve Dibert has also helped keep lenders from discriminating against Hispanics and people of African and Caribbean descent. In addition, he has helped keep combat veterans in their homes.  Furthermore, MFI-Miami also has access to some of the top forensic accountants and former FBI agents available. MFI-...