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Loan Modification

: Loan Modification & Home Loan News

To sort this mess, both banks and borrowers must own their mistakes

By Moe Bedard

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Listening to the fiery rhetoric about the mortgage mess emanating from politicians this week, you’d think that big bad banks were trying to foreclose on hundreds of thousands of homeowners who were current on their payments but had become victims of sloppy business practices. If that were the case, declaring a national moratorium on foreclosures [...]

Full post as published by Loan Modification & Home Loan News on October 11, 2010 (boomark / email).

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Lawsuits and Settlements

Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings

Stockbrokers and Financial Advisers
alleging careless mistakes or intentional fraud.

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

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

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