Consumer Law

Freddie To Double Cash Incentives To Servicers Working With Delinquent Borrowers

Free Foreclosure Prevention Workshop
We are passing this information along. People who attend are encouraged to let us know how or if they found the help they need. HOPE NOW Alliance in partnership with NeighborWorks® America, The New England Patriots Charitable Foundation and the Federal Reserve Bank of Boston will host a foreclosure prevention workshop at Gillette Stadium on Tuesday, August 12, from 1:00 PM ? 8:00 PM...

Bailouts dry run for troubled borrowers
“The FDIC centers its approach on reducing monthly payments (principal, interest, taxes and insurance) to 38 percent of household income. It works with the first mortgage and with people who are delinquent or approaching a higher interest rate...

Maricopa Public Health Officials Beg Delinquent Borrowers Abandoning Homes To Drain Pools Before Leaving In Battle Against Disease-Carrying Mosquitos

2.47% of All Residential Mortgage Are in Foreclosure
According to the Mortgage Bankers Association's Delinquency Survey, 2.47% of 1-4 family residential mortgages are in foreclosure and 6.35% are delinquent. And Credit Suisse's prediction of 6...

Massachusetts Announces Creation of Regional Foreclosure Prevention Centers
Governor Patrick has announced $2 million in grants to support eleven regional foreclosure prevention centers.  The press release is available here.  These centers provide “outreach and assistance to homeowners in or approaching foreclosure as well as to those borrowers who have already lost their homes...

How to Stop Home Foreclosure
Bankruptcy can Stop Foreclosure

Mitchell Report Summary
Report on Steroid Drug Use in Major League Baseball by Senator George Mitchell

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

Bank Website Security
New Report Finds Widespread Flaws

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

Network Solutions and ICANN
allegedly registers searched domain names to prevent others from selling and forces customers to pay expensive fees.

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

UAB Health System and Franklin Collection Service
allegedly violated the RICO Act in collection practices on delinquent patient accounts.

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