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Bank Employees Start Coming Forward with Stories of Lies & Deceitful Acts Against Homeowners

01.02.2011 | Author: HelenJohnson | Posted in Real Estate | Comments Off

By Helen Johnson From the New York Times Article, Two States Sue Bank of America Over Mortgages in December of 2010 -  “Former employees said that Bank of America’s modification staff was “chaotic, understaffed and not oriented to customers,” according to a news release. One former employee said, “The main purpose of the training is [...]

Congress’s Future Plans Speaks Volumes of the Foreclosure Crisis

08.01.2010 | Author: Melanie_Atherton | Posted in Real Estate | Comments Off

Congress has been working on new legislation that is designed to overhaul current financial regulations.  This legislation points fingers in key critical areas across the nation’s economy.  Important for homeowners is Congress’s plans to form a new agency to crack down on deceptive mortgages and other financial products in the future.  It also aims to [...]