Posted October 13th, 2010 by admin
The foreclosure news and the subprime mortgage debacle continue to make headlines in late 2010. According to Mortgage News Post Citigroup and GMAC, dotting the i’s and crossing the t’s on home foreclosures was outsourced to frazzled workers who sometimes tossed the paperwork into the garbage. And at Litton Loan Servicing, an arm of Goldman [...]
Posted April 6th, 2009 by admin
US Administration announced they have raised their efforts to stop predatory mortgage relief companies preying on struggling homeowners looking for companies to help negotiate better mortgage terms that yield a more affordable home loan payment. As the mortgage crisis continues to unfold, the FBI says incidents of suspicious financial activity banks reported to the bureau [...]
Tags: foreclosure news, foreclosure prevention, foreclosure relief, loan modification scams, mortgage relief
Posted April 6th, 2009 by admin
The Obama administration has already unveiled its plan to reduce the rising home foreclosure rate, but with loan modification scams on the rise, the administration today announced a multi-agency effort to crack down on predatory home foreclosure scams that prey on distressed homeowners. “Just as this administration has intensified our efforts to help American homeowners, [...]
Tags: FBI, FHA home loans, foreclosure news, home loan, mortgage fraud, Treasury Secretary Tim Geithner