Abusive Servicing Practices Not Limited to Consumer Mortgages

Lenders’ use of deceptive or inaccurate practices is not limited to the home mortgage market. Similar issues challenge entrepreneurs, says leading commercial debt resolution firm Covendium. While the media continues to focus its attention on the wide-ranging accusations of robo-signing and other shady practices that banks engaged in to foreclose on troubled residential borrowers, it…

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Kramer Law: Bank of America Enters Negotiations to Request Amnesty for Admitted Wrongdoing of Past Mortgage Abuses

According to Kramer Law, the bank is hopeful to settle for millions instead of billions and avoid criminal prosecution. The Huffington Post is reporting that, “Federal and state prosecutors are in advanced negotiations with Bank of America in pursuit of a settlement that would forgive the bank for a broad range of past mortgage abuses…

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RP Funding Advice to Home Buyers: Pick Your own Title Company

Delays, hidden costs can mean big trouble for buyers RP Funding, a direct lender known for advising consumers to shop for a mortgage has some more advice that can save consumers money, time and trouble when buying a home: shop for a title company. Because of recent abuses in the title industry, RP Funding is…

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