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Loan Modification

: Mortgage Lender Implode-o-Meter

Countrywide's Foreclosure Scam: It's Not the Only Lender Ripping Off Homeowners

By Implode-Explode Heavy Industries

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"Bank of America?s (BAC) move to settle federal charges that its Countrywide unit gouged homeowners facing foreclosure should mark the beginning, not the end, of a full-blown government crackdown on mortgage lenders. That?s because the practices Countrywide is accused of ? which range from raising the cost of property inspections, to lying to borrowers about how much they owed, to charging $300 to mow the lawn ? are endemic among loan servicers."

Full post as published by Mortgage Lender Implode-o-Meter on June 08, 2010 (boomark / email).

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