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Loan Modification

: Loan Modification & Home Loan News

Analysts Question Fannies Threat Against Borrowers Who Walk Away

By Moe Bedard

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Fannie Mae?s decision to begin punishing people who walk away from their unpaid mortgages could prove difficult to sell to the public and might be impossible to execute, housing and lending experts said Thursday. The big mortgage financing company, which owns or guarantees millions of mortgages, announced on Wednesday that it would sue homeowners who [...]

Full post as published by Loan Modification & Home Loan News on June 25, 2010 (boomark / email).

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Lawsuits and Settlements

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

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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