Recently in mortgage servicing Category

When I heard the news that the Federal Trade Commission was going to begin regulating the way identity theft prevention is advertised, my mind flashed on all the deceptive advertising about free-but-not-so-free credit reports and I was hopeful.  I actually...
These days the phrase "home robbery" is synonymous with stolen homes and mortgage nightmares.  It used to mean that belongings had been stolen out of your home, but nowadays when we hear "home robbery," more and more homeowners say it...
Michael and Marilyn Elliott's mortgage was paid in full but that didn't stop their mortgage servicing company Ocwen Bank from moving to foreclosure on their home. Marilyn and Michael Elliott learned that a default judgment had been entered against them...
Existing laws and policies don't seem to be enough for lenders here in Florida when it comes to foreclosures. Claiming that finalizing foreclosures are both "time-consuming and expensive" they're looking to speed up the process.   If members of the Florida...
Pennsylvania homeowners Margaret and John Krenitsky were hit with some tough news.  John was laid off and Margaret learned she was living with a brain tumor.  Most of us, myself included, would think that's enough for any family to deal...
While the banks sit high and mighty on their perch on the shoulders of the average American citizen, homeowners struggle to come to terms with the fact that the banks simply do not care about helping them out. Today's economy...
An earlier blog noted the filing of class action lawsuits over the illegal suspensions of home equity credit lines by Wells Fargo, WAMU, Chase, and others without cause.The lawsuit alleges that the big banks engaged in mass reductions of Home...
CNBC's Diana Olick reports that for homes with two mortgages, the second mortgage holder is often demanding a short sale buyer pay them in cash on the side, and they're not disclosing it. And that's against the law.Diana Olick from...
Loan servicers act as middlemen between borrowers making mortgage payments and investors who own their loans.  It's the loan servicing company that is responsible for  managing the loan. Though they play a crucial role in the subprime mortgage mess, they...
Florida homeowners Sara and Moshe have been working tirelessly trying get someone at Bank of America to respond to their many requests for BofA to correct their bank accounting errors. All promises made by BofA representatives to correct inaccuracies,...

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A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »