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US FTC: ‘Actively Assessing’ Mortgage Firms For Violations

WASHINGTON -(Dow Jones)- The Federal Trade Commission is actively examining whether mortgage lenders and servicers have violated federal laws in their dealings with borrowers, according to a letter sent to a U.S. Senate lawmaker.”We are actively assessing whether lenders and servicers are making deceptive claims in violation of Section 5 of the FTC Act,” FTC [...]

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California Attorney General Jerry Brown Subpoenas Countrywide

California AG Jerry Brown is very interested in investigating loans made to borrowers with yield spread premiums (YSP).
Some people characterize these “hidden” fees as broker “kick-backs” that are essentially built into your mortgage by bumping up the interest rate, and the lender pays the originator of that loan extra money for doing so.
Brokers have [...]

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Safe Loan Modification Service

888-432-6634

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Open Saturdays 9am-3pm

Law Office of Gregory A. Paiva & Associates

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    • I just got an ad from wamu for a new credit card. what the hell does that signify?
      carol123 | 9Oct08 | More
    • WAMU failed and they still haven’t dealt with my application. My interest rate jumped and so did my mortgage by ...
      m_aster2004 | 9Oct08 | More
    • sincitykim - FDIC is handling the workouts for Indymac. You might talk to someone there, they've reported helping over ...
      darla | 7Oct08 | More