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Loan Modification

: Loan Modification & Home Loan News

Lenders to talk to borrowers before foreclosing

By Moe Bedard

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(Source: By Harriet Johnson Brackey, Sun Sentinel, Fort Lauderdale, Fla.) – -Government-owned mortgage giants Fannie Mae and Freddie Mac are considering whether to force loan servicers in South Florida to go to mediation with some troubled homeowners before a foreclosure even begins. The initiative would be a major new step in the process for those [...]

Full post as published by Loan Modification & Home Loan News on January 11, 2011 (boomark / email).

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Lawsuits and Settlements

Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.

Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

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