Mortgage System Still Victimizing Homeowners, Watchdog Finds

Categorized | STOP FORECLOSURE FRAUD

Mortgage System Still Victimizing Homeowners, Watchdog Finds

Mortgage System Still Victimizing Homeowners, Watchdog Finds

Take a real good look at this blog. Do we need anymore watch dogs telling us the system is still a fraud? I don’t think so and so do they as they are daily readers!

Enough is enough! Do something already as this has gone far too long.

HuffPO-

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financial institutions.

While the report does not specifically name any companies, the agency’s oversight authority includes all of the largest mortgage companies in the country, as well as smaller specialty operators.

In February 2012, the five largest mortgage servicing companies inked a $25 billion settlement with state and federal law enforcement agencies over persistent problems with mortgage documentation in the foreclosure process.

[HUFFINGTONPOST]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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