Tag: independent foreclosure review

National Mortgage Settlement Monitor Announces New Metrics to Test Servicer Noncompliance, Banks Promise To Do Better…Again
By October 3, 2013 0 Comments Read More →

National Mortgage Settlement Monitor Announces New Metrics to Test Servicer Noncompliance, Banks Promise To Do Better…Again

Let’s begin with a simple question. If Charles Manson promised to stop acting crazy, would you let him out or would you double-check the bolt on his cell door? This week mortgage industry headlines were abuzz as New York Attorney General Schneiderman announced a lawsuit against Wells Fargo for more than 210 violations of the […]

Posted in: Features
By April 10, 2013 0 Comments Read More →

Foreclosure Review Details Released: Regulators Disclose Millions of Wrongful Foreclosures

Federal regulators have released more detailed information about the homeowners who will be receiving mostly nominal payments of $300-500 from servicers who wrongfully commenced or completed foreclosures from 2009 to 2010. The disclosures are shocking. Servicers wrongfully foreclosed or charged illegal interest rates on more than 1600 service members in violation of federal law. Servicers […]

Posted in: News and Events
By April 9, 2013 5 Comments Read More →

What Can You Buy With Your Independent Foreclosure Review Payout? Pitchforks and Kleenex!

Hat tip to Portland foreclosure attorney Raife Neumann at Intelekia Law Group LLC for sharing this link to a tongue and cheek website listing all the things a wrongfully foreclosed ex-homeowner can buy with her $300 to $500 payout resulting from the Independent Foreclosure Review. The prizes include 300 boxes of Kleenex, a dollhouse, 10 […]

Posted in: News and Events
By March 10, 2013 0 Comments Read More →

Big Banks Caught Foreclosing on Homeowners Not Even in Default, Service Members on Active Duty

The now much maligned Independent Foreclosure Review was canceled by regulators amid a tsunami of complaints from consumer advocates and whistleblower allegations from the paid reviewers alleging that the whole process was an expensive sham. The OCC has come under heavy fire for botching things from the outset and then trying to cover up what […]

Posted in: News and Events