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Reverse Mortgage Lenders Allegedly Prey on Seniors

Reverse Mortgage Lenders Allegedly Prey on Seniors October 26, 2012. By Heidi Turner.
Chicago, IL For some seniors, the money offered through a reverse mortgage can be a lifesaver. People living on a fixed income might not have enough money to make ends meet in the case of illness or injury, so money obtained from a reverse mortgage lender can seem like the ideal solution. Unfortunately, some reverse mortgage lenders are accused of unethical tactics, including misleading seniors about the risks associated with a reverse mortgage so they experience a reverse mortgage default and their home is foreclosed.
Read [ Reverse Mortgage Lenders Allegedly Prey on Seniors ]

LawyersandSettlements.com Reports 70 Percent Spike in Mortgage Claims

LawyersandSettlements.com Reports 70 Percent Spike in Mortgage Claims October 13, 2012. By Gordon Gibb.
Santa Cruz, CA (Press Release) While the aftermath of the sub-prime mortgage crisis has seen a number of large U.S. banks defending themselves against charges of misconduct, new data reported by LawyersandSettlements.com indicates consumers are still being impacted by the crisis. Mortgage-related complaints submitted to the legal news website have continued to increase year-over-year as readers continue to seek out legal help in dealing with foreclosures and discriminatory lending practices.
Read [ LawyersandSettlements.com Reports 70 Percent Spike in Mortgage Claims ]

Deutsche Bank Hit with Mortgage Lawsuit

May 13, 2011. By Charles Benson.
Los Angeles, CA: The Los Angeles city attorney recently filed a mortgage lawsuit against Deutsche Bank AG, claiming it was responsible for allowing a number of foreclosed properties to fall into disrepair.
Read [ Deutsche Bank Hit with Mortgage Lawsuit ]

National City Bank Gone But Not Forgotten by Aggrieved Mortgage Holders

National City Bank Gone But Not Forgotten by Aggrieved Mortgage Holders April 7, 2011. By Brenda Craig.
Alexandria, VA: It's a bit complicated, but what National City Bank did in 2008 at the height of the banking crisis had disastrous consequences for hundreds of mortgage holders.
Read [ National City Bank Gone But Not Forgotten by Aggrieved Mortgage Holders ]

Chase Wrongly Overcharged and Foreclosed on Military Mortgages

Chase Wrongly Overcharged and Foreclosed on Military Mortgages January 19, 2011. By Lucy Campbell.
New York, NY JP Morgan Chase has admitted in a report aired by NBC News, that they have "overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan." Furthermore, the bank actually foreclosed, improperly, on the homes of several military families.
Read [ Chase Wrongly Overcharged and Foreclosed on Military Mortgages ]

Bank of America Takes a Hit in Mortgage Lawsuit

Bank of America Takes a Hit in Mortgage Lawsuit January 5, 2011. By Charles Benson.
Auburn, NY Bank of America recently lost a major ruling in its mortgage lawsuit that will make it more difficult for the bank to defend itself, the Washington Post reports.
Read [ Bank of America Takes a Hit in Mortgage Lawsuit ]

Predatory Lending, Mortgage Fraud in the Spotlight

Predatory Lending, Mortgage Fraud in the Spotlight December 24, 2010. By Gordon Gibb.
Washington, DC As tough a time as homeowners have in the current economy, it is heartbreaking to know that homeowners have even more to worry about with regard to the potential for mortgage fraud, by way of an inflated mortgage fee or predatory lending practices designed to squeeze every last dime out of a homeowner who can least afford to be taken to the cleaners. In Iowa, however, they're cracking down.
Read [ Predatory Lending, Mortgage Fraud in the Spotlight ]

Foreclosure a Nightmare for Clients Says Attorney

Foreclosure a Nightmare for Clients Says Attorney November 13, 2010. By Brenda Craig.
Indianapolis, IN A very clear picture emerges of the heartbreak facing hundreds of thousands of Americans as you listen to attorney Richard Shevitz from the firm of Cohen & Malad. Shevitz has filed a class action against Countrywide and Bank of America on behalf of a couple from rural Indiana, who were tossed out of their home in the foreclosure crisis gripping America.
Read [ Foreclosure a Nightmare for Clients Says Attorney ]

Financial Reform Could End Predatory Mortgage Lending

Financial Reform Could End Predatory Mortgage Lending July 16, 2010. By Charles Benson.
Washington, DC Some of the key elements of Congress' proposed financial reform bill would affect how loans are regulated, particularly predatory mortgage lending.
Read [ Financial Reform Could End Predatory Mortgage Lending ]

West Virginia Woman Sues Local Bank over Predatory Lending Allegations

West Virginia Woman Sues Local Bank over Predatory Lending Allegations June 14, 2010. By Charles Benson.
Charleston,WV A woman from Cross Lanes, West Virginia, has filed suit against Flagstar Bank and one of its employees over alleged predatory lending practices related to the woman's mortgage.
Read [ West Virginia Woman Sues Local Bank over Predatory Lending Allegations ]

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