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Loan Modification

: Loan Modification & Home Loan News

Illinois State slams mortgage modification firms for charging up-front fees to clients

By Evan Bedard

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With a rise in foreclosure activity in the Chicago area as a backdrop, the state said Thursday it had cracked down on firms that promised homeowners breathing room with their mortgage companies, only to charge large fees for doing little or no work. The state’s Department of Financial and Professional Regulation said it had fined [...]

Full post as published by Loan Modification & Home Loan News on October 29, 2010 (boomark / email).

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