Tag Archives: Mortgage Servicing
False Hope: Loan Modification And Dual-Tracking
After the national mortgage crisis, several state and federal homeowner protection laws and regulatory rules were passed with the goal of prohibiting service providers from taking advantage of homeowners in trouble. Some of these laws and rules prohibited mortgage providers from dual tracking, a process that would give homeowners a false sense of security… Read More »
Mortgage Settlements And Homeowners
Another large bank, HSBC, agreed to a settlement amounting to $420 million for past mortgage origination, servicing, and foreclosure abuses. Some of these funds are expected to go directly to an estimated 6,400 homeowners who have to apply for the funds in order to receive them. This settlement is not the first of its… Read More »
