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Loan Modification

: Loan Modification & Home Loan News

Only the most qualified borrowers with all their ducks in a row get loans these days

By Moe Bedard

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?It used to be that we could ?underwrite? a loan and use common sense to navigate individual circumstances and actually make a decision that a loan was a good credit risk.  Then DU and LP came along and gave us the laundry list that had to be followed.  We were still able to manually underwrite [...]

Full post as published by Loan Modification & Home Loan News on March 05, 2010 (boomark / email).

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Lawsuits and Settlements

John Vermillion and Associates LLC et al.
allegedly misrepresented themselves as qualified financial advisers to sell living trusts and exploit senior citizens.

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

KeyBank USA
alleging the bank offered loans for fraudulent vocational schools.

Jevic Transportation
allegedly failing to give 60 days warning before closing plant.

Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.

Medical Malpractice
US Government awards family $750,000 settlement after woman dies after undergoing eight surgeries in 35 days.

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