The Fed fined Wells Fargo $8.5 million and the FTC is sending out $108 million in refunds stemming from wrongful doings of Countrywide Financial.
Entries Tagged as 'Borrowers'
Corrupt Mortgage Lenders Forced to Pay Out Millions in Fines, Restitution
July 21st, 2011 · No Comments · Mortgages
Tags: Borrowers·Countrywide Financial·Federal Reserve·Federal Trade Commission·Fines·mortgage lenders·Mortgages·restitution·subprime rates·Wells Fargo
Senators Sign Letter Criticizing Rules Designed to Circumvent Dodd-Frank
May 31st, 2011 · 2 Comments · Mortgages
Senators are concerned regulators want to enact rules circumventing good intentions of Dodd-Frank, making it even tougher for credit-worthy consumers to receive approval for home loans.
Tags: Borrowers·credit·Dodd-Frank·Dodd-Frank Wall Street Reform and Consumer Protection Act·down payment·Federal Housing Finance Agency·Federal Reserve·home loans·Housing and Urban Development Department·housing market·Mortgages·Underwriting
New Loan Modification Program – The Details
March 5th, 2009 · 2 Comments · Consumer Info, Mortgages
Have you been waiting for the new mortgage restructuring program promised by the Obama administration? Wait no longer. You can apply for loan restructuring right now! Call your loan servicer, the company that sends you your monthly mortgage bill. You may have to call more than once as phone lines are likely to be jammed. [...]
Tags: Borrowers·debt·Incentives·Income·lenders·Loan Modification Program·Mortgages·Obama·Qualify
