by Moe Bedard
The facts are that the mortgage servicing arena is fraught with what I call “mortgage disservice.” Fee gouging and borrower abuse seem to be the typical MO’s of many servicing companies and with our current mortgage and housing crisis in full , this is a perfect opportunity for servicing companies to rake in massive fees [...]
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by Moe Bedard
By Moe Bedard
“Mr. Jones, you owe $12,327 to stop foreclosure on your home and bring your mortgage current.” The lender’s collections employee says to Mr. Homeowner Jones that is desperately trying to save his home of 27 years.
Mr. Jones does not question these fees. Hell, he’s the one that is late and in foreclosure. He’s the [...]
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