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Loan Modification

: Loan Modification & Home Loan News

Borrowers With Modified Loans May Still be in Trouble

By Evan Bedard

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WASHINGTON ? One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year. When borrowers get into financial trouble, lenders have several ways to help. They can offer grace periods, longer repayment schedules, lower interest rates or reduced [...]

Full post as published by Loan Modification & Home Loan News on December 22, 2009 (boomark / email).

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Lawsuits and Settlements

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

KeyBank USA
alleging the bank offered loans for fraudulent vocational schools.

Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.

SunTrust HELOC Loan Termination
SunTrust HELOC allegedly violated clients contracts by decreasing, freezing, or terminating HELOC loans.

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