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Loan Modification

: Loan Modification & Home Loan News

Mediation lets lenders, borrowers negotiate

By Moe Bedard

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Beginning Monday, Palm Beach County homeowners facing foreclosure will be guaranteed a chance to negotiate a different ending with their lenders as the courts try to reduce a foreclosure overload. All foreclosures filed on or after Monday are subject to a new state Supreme Court order requiring mediation on homesteaded properties before a foreclosure hearing [...]

Full post as published by Loan Modification & Home Loan News on July 08, 2010 (boomark / email).

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Lawsuits and Settlements

Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.

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.

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

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