Mortgage Servicers’ Secret
July 2, 2008
The secret mortgage servicers don’t want you to know is they can make MORE money off of homeowners when they keep your loan in default. A former employee of loan servicer EMC tells the inside story on why so many people can’t get their loan out of default.
- Countrywide And Other Mortgage Servicers Use Dubious Foreclosure Fees For Profit
From nytimes.com As record numbers of homeowners default on their mortgages, questionable practices among lenders are coming to light in bankruptcy courts, leading some legal... - Foreclosure “Work-out” Myth
The foreclosure work-out myth is being promoted by mortgage lenders right now, with catchy names like Countrywide's "HOPE" program and the EMC "Mod Squad," but... - Mortgage Bail-Out Bill Falls Short
The mortgage bail-out bill just passed by Congress falls far short, when it comes to holding those responsible for this mess accountable. Attorney Terry...
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