Home -> Law Blog Directory -> Consumer Law Blogs -> Caveat Emptor

Consumer Law

: Caveat Emptor

Mortgage servicers make their money by screwing consumers and lenders

By Sam Glover

I was amused to read Mark Ireland’s post saying he came under fire by members of a panel on foreclosures at the recent Equal Justice Conference in Minneapolis for suggesting that mortgage loan servicers are not acting in the best interest of either consumers or lenders. I thought that was common knowledge. Servicers make money from the late fees, attorney fees, inspection fees, and other fees associated with foreclosure. Lenders do not. Obviously, neither do consumers. And then Professor read more

Full post as published by Caveat Emptor on May 19, 2008 (boomark / email).