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Mortgage servicer abuse facing state, fed probes

Mortgage servicer abuse facing state, fed probes


New York Post-

On Wednesday, consumer defense attorney Linda Tirelli added another outrageous example of mortgage servicer misbehavior to her growing file of hundreds of such abuses against New York homeowners.

The overcharging by a servicer — which manages mortgages day-to-day for lenders — to bill a homeowner in foreclosure over $2,700 for property inspections that cost just $9.60 a pop came as federal and state regulators are investigating shoddy practices by servicers and big banks, which are often one and the same.

Read more: http://www.nypost.com/p/news/business/mortgage_servicer_abuse_facing_state_Umjx6WymEioIMWkl6hHmGM#ixzz1N8smTqVt

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