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Loan Modification

: Mortgage Lender Implode-o-Meter

Low FICOs Bar One-Third of Prospective Borrowers

By Implode-Explode Heavy Industries

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"Approximately one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, an analysis of 25,000 loan quotes during the first half of September on Zillow Mortgage Marketplace found."

Full post as published by Mortgage Lender Implode-o-Meter on September 27, 2010 (boomark / email).

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Lawsuits and Settlements

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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