Homeowners Out of Luck in Finding Foreclosure Relief

Mortgages

Homeowners Out of Luck in Finding Foreclosure Relief

Homeowners Out of Luck in Finding Foreclosure Relief

Bank of America is making national headlines, as six former employees filed declarations in a federal court this month alleging that the mortgage lender engaged in fraudulent practices to force customers into foreclosure. As the largest mortgage servicer in the Home Affordable Modification Program (HAMP) when the program began in 2009, Bank of America held… Read More

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

Mortgages

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks’ foreclosure abuses, and it was trumpeted as the government’s largest effort to compensate victimized homeowners. Federal regulators, who designed the review, forced banks to spend billions to carry it out. Millions of homeowners were eligible and hundreds of… Read More

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