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You are here: Home / Archives for Truth In Lending

Nation’s Largest Servicers Falsify Records to Delay Modifications

May 30, 2018 by d wood Leave a Comment

In a congressional letter dated June 18, 2013, we learn the details of how the nation’s largest servicers instructed their employees to “falsify records and delay U.S. loan assistance applications by requesting paperwork that the (bank) had already received.” Congresswoman Maxine Waters

The goal of the delay, according to a Bloomberg article https://bloom.bg/2I9j0eu, was to ensure that instead of homeowners receiving a HAMP modification, they would be foreclosed upon. Ms. Waters notes numerous studies concluding how foreclosure is often a profit center for servicers.

A quote from the article: “There were people who did everything right, and they would still get screwed over” —Daniel Ellersdorfer

Visit HAMP Website: https://www.hmpadmin.com/portal/index.jsp

Filed Under: Judicial Foreclosure state, TILA, Truth In Lending, Uncategorized Tagged With: HAMP

Judge Says No Foreclosure Until Suit Resolved

May 23, 2018 by d wood Leave a Comment

“A Massachusetts judge has ordered Ameriquest Mortgage Co. to halt a $715 monthly increase in a Cape Cod couple’s March payment and to refrain from foreclosing on their property until a lawsuit over the mortgage is resolved.” -Read the Full Article-  https://bit.ly/2I7jNwh

STOP FORECLOSURE

Filed Under: Fraudulent Assignment, TILA, Truth In Lending, Uncategorized Tagged With: stop foreclosure

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RESPA To The RESCUE!
How To Stop Foreclosure With A Notice Of Error

What can you do when the company servicing your mortgage loan has refused to listen to your complaints, denied your application for loss mitigation relief, and scheduled a foreclosure sale that is only a matter of weeks away?  Don’t panic! There is power in your pen if you know how to write a “Notice of Error” that conforms to the requirements of the Real Estate Settlement Procedures Act (“RESPA”) and its implementing Regulation X.

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Recent Posts

  • Nation’s Largest Servicers Falsify Records to Delay Modifications
  • Judge Says No Foreclosure Until Suit Resolved
  • Do You Have a Mortgage Loan Error?
  • Judicial vs NonJudicial Foreclosure

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"Foreclosure filings jumped 27.1 percent nationally from September to October 2016. According to ATTOM Data Solutions, which tracks foreclosures, this is how the 50 states and the District of Columbia ranked for foreclosure filings in October. The national average for foreclosure … Read More

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McDonnell Property Analytics 2017