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Loan Modification
: Mortgage Lender Implode-o-MeterU.S. Weighs Requiring Lenders to Consider Changes Before Foreclosures
By Implode-Explode Heavy Industries
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"The Obama administration, under intense pressure to help millions of people in danger of losing their homes, is considering a ban on foreclosures unless they have first been examined for potential modification, according to a set of draft proposals."Full post as published by Mortgage Lender Implode-o-Meter on February 26, 2010 (boomark / email).
Lawsuits and Settlements
Indymac
Faces Homeowner Class Action over Foreclosures
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.
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