Loan Modification

Loan Modification Firms Masquerading As Non-Profits
In a story on loan modification scams, Minnesota Public Radio describes one way that some firms are using to circumvent state law prohibitions on collecting upfront fees:[I]n Minnesota, it's illegal for so-called foreclosure consultants to demand money in advance for a loan modification...

Illegal Loan Modification Firms Beware
Appearing on the MortgageOrb website is, what appears to be, a press release announcing: A new investigative firm has been created to contend with the growing number of illegally run loan modification and foreclosure rescue companies...

Alabama Issues Warning On Dealing With Loan Modification Firms / Foreclosure Rescue Operators; Says Charging Upfront Fees In State Prohibited
In Birmingham, Alabama, the Birmingham Business Journal contained this warning in an excerpt on a story on loan modification firms targeting Alabama homeowners: The [State of Alabama Banking Department's] Bureau of Loans Supervisor Scott Corscadden said consumers must [...

Unlicensed Practice Of Law Becomes An Issue With Some Loan Modification Firms
A recent story in The Washington Post raises an issue that could begin taking hold in targeting certain loan modification firms for engaging in illegal conduct when seeking out financially distressed homeowners: [T]he pitch companies make varies...

Solicitors For Loan Modification Firms "Loitering" At Free Foreclosure Prevention Seminars Seeking New Business Get The Boot
Buried in a recent story on loan modification firms in The Sacramento Bee is this blurb on how some of the companies are reportedly attempting to drum up business: [L]ast week, vendors passed out postcards for modification firms at a free Hope Now foreclosure-prevention workshop in Sacramento...

Pennsylvania Regulators Order Four Loan Modification Firms To Cease Unlicensed Activity Within State
In Harrisburg, Pennsylvania, the Pennsylvania Department of Banking reports:The Department of Banking recently ordered four out-of-state mortgage modification companies to stop engaging in unlicensed activity in Pennsylvania...

Whats a Home Loan Modification?
How to Qualify for a Home Loan Modification

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Whole Foods
And Other Firms Sued by California Attorney General,

Wells Fargo Faces Loan Discrimination Class Action
Wells Fargo Faces Loan Discrimination Class Action

Aurora Loan Faces Class Action over Mortgage Review Services
Aurora Loan Faces Class Action over Mortgage Review Services

Brown Greer et al.
alleging that the six law firms handling the Vioxx settlement failed to provide money for reimbursements to lien rights of Employee Retirement Income Security Act (ERISA) health plans.

Student Loan Xpress Settles Class Action with Students
Student Loan Xpress Settles Class Action with Students

Americash Advance
Faces Class Action Over Loan Terms