Foreclosure Fraud – BAC / Countrywide Must Pay $108 Million for Illegally Overcharging Struggling Homeowners; Loan Servicer Inflated Fees, Mishandled Loans of Borrowers

For Release 06/07/10 Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will … Read more

Mortgage Bankers Association Mockery – INCOMING!!!! Mortgage Servicing Under Fire

Here is an interesting find… Now they are mocking Congress, Federal Regulators, State Attorneys General, and other Enforcement Officials… From the presentation… Check out the full presentation below… 4closureFraud INCOMING!!!! Mortgage Servicing Under Fire [scribd id=31143848 key=key-7xdoc4kpfzrfqx39lee mode=list]