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Columbus Dispatch
Ohio alleges mortgage servicer failing to modify loans
Ohio officials are suing a mortgage-service company that they say has failed to help borrowers modify loans and save their homes. It's the second such suit filed by the state this year, and it prompted legal action by the company in response. Full Article at Columbus Dispatch
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Ohio Attorney General Richard Cordray is suing a second mortgage loan servicer, claiming it used unfair and deceptive practices against borrowers seeking help with their home loans. ideastream®'s Mhari Saito reports. Full Article at WCPN
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Ohio’s attorney general has sued another mortgage servicer, alleging the Texas company’s work on loan modifications did more to help it than troubled customers in the state. Full Article at Business First of Columbus
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COLUMBUS, Ohio (Legal Newsline)-- Ohio Attorney General Richard Cordray said Tuesday that he plans to pursue more mortgage companies over their business practices. The first-term Democrat said mortgage firms have broken state consumer protection laws. Full Article at Legal NewsLine
Related Quotes
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Maybe there will be more ... We have made it clear to mortgage servicers not meeting minimal standards that we will pursue them by all legal means.
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had the best deal at the time ... They did subprime (loans), but they had very low interest rates.
SOURCE: Palm Beach Post -
The mortgage brokerage business dried up, and so the same loans that they went out and originated, they're coming in to try and modify
SOURCE: Huffington Post -
Today’s challenging economy presents an opportunity for con artists who prey upon financially distressed consumers. The Federal Trade Commission and our state and federal partners will continue to bring law enforcement actions to stop this insidious fraud ... If you’re worried about keeping your home, a...
SOURCE: YubaNet
