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Loan Modification

: Loan Modification & Home Loan News

Foreclosure Relief: Good for Banks, Not So For Borrowers

By Moe Bedard

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Home sales are hitting new lows, the number of homeowners behind on their mortgages is again climbing, as is the number of foreclosures. Housing market misery is widespread?but particularly intense for the troubled homeowners relying on the Home Affordable Modification Program (HAMP), the federal foreclosure relief program. Criticized both by those who argue for more [...]

Full post as published by Loan Modification & Home Loan News on August 30, 2010 (boomark / email).

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Lawsuits and Settlements

Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

Mylicon Baby's Gas Relief Drops
Urgently Recalled Nationwide

GMAC Faces Class Action over Foreclosure Abuses
GMAC Faces Foreclosure Abuses Class Action

Bank of America Faces Class Action over Mortgage Foreclosure Practices
Bank of America Faces Class Action over Mortgage Foreclosure Practices

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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