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MORE FORECLOSURE SETTLEMENTS HIT WALL STREET FIRMS, LENDERS

“What goes around comes around” – A Bronx saying from my younger years.

I found this short article to be very succinct.   Everyone needs to be extra cautious in this economy and plan accordingly since a foreclosure or short sale can happen to anyone at any time.

Federal regulators have reached settlements with two major Wall Street firms and a British lender requiring the companies to pay more than three-quarters of a billion dollars to resolve claims over “deficient practices in mortgage loan servicing and foreclosure processing.”

via More Foreclosure Settlements Hit Wall Street Firms, Lenders.

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About Mme Jocelyne

Hi, I'm a transplanted northerner–(born and raised in New York to French immigrants–Oui je parle Francais)-living in Florida for 20 years. In the 70's I worked as a realtor in the Bronx – City Island to be exact. Then I started a family and didn't keep up my license. I aspired to a career in architecture, so I went to New York Institute of Technology for three years, moved to Florida and finished my degree at the University of Florida in Gainesville. After 10 years of working in my dream career I sustained an injury to my shoulder. This injury never healed because I was constantly on the computer doing cad design. I finally decided to make a career change – something where I could use my training as an architect. Needless to say, I was worried – where will the money come from? How will I be able to afford my career change? But, I put my faith in God and went for it. It’s the best move I ever made, other than my husband, children and dogs.

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