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Real Estate & Property Law

: The Home Equity Theft Reporter

Feds Slam Loan Servicers For $108M For Squeezing Delinquent Borrowers With Illegally Inflated Fees, Providing False Info In Consumer Bankruptcy Cases

By r morris

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The Federal Trade Commission announced:Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will be used to

Full post as published by The Home Equity Theft Reporter on June 07, 2010 (boomark / email).

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