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Loan Modification

: Mortgage Lender Implode-o-Meter

Texas AG Abbott charges servicer with illegal collection tactics

By Implode-Explode Heavy Industries

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"Texas Attorney General Greg Abbott has charged Coppell, Texas-based American Home Mortgage Servicing Inc. (AHMS) with using illegal debt collection tactics and improperly misleading struggling homeowners. According to state investigators, AHMS collections agents used aggressive and unlawful tactics to collect payments from Texas homeowners who had difficulty meeting their payment obligations. The defendant also failed to credit homeowners who properly submitted their payments on time."

Full post as published by Mortgage Lender Implode-o-Meter on August 30, 2010 (boomark / email).

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