In 2009, the president of the Mortgage Electronic Registration Systems reportedly testified that the mortgage industry would save $2.4 billion in recording fees if each residential loan had been resold and recorded just once. But all of that savings will be wiped out if counties across the nation have their way. A wave of lawsuits [...]
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BofA Fighting States Over Modifications
December 19th, 2010
davidguide The Nevada Attorney General’s office sued Bank of America Friday morning for allegedly deceiving homeowners through its residential loan modification and foreclosure practices. The lawsuit was triggered by consumer complaints. Also on Friday, Arizona’s attorney general announced a similar lawsuit against the company. View full post on Mortgage Stories
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