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The couple involved, the Horaces, took out a predatory mortgage with Encore Credit Corp in November, 2005. Apparently Encore sold their loan to EMC Mortgage Corp, who then tried to securitize it ...
However, in today's market, mortgage servicing companies often buy the rights to service mortgages, which means a company other than your lender is basically The 5 biggest mortgage servicing traps ...
Green Mirage scammers have impersonated more than 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners, many of whom only learn of the fraud when ...
On June 21, 2012, the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System released a financial remediation framework Agencies release financial remediation guidance, extend deadline for requesting a free independent foreclosure review to September 30, 2012 that provided examples of errors in foreclosures covered by the regulators' consent orders ...
As of the end of 2006, the company had $48 billion, or 76% of its mortgage portfolio invested in subprime loans. [4] In January 2007, the company eliminated 1,000 jobs. [5] In October 2007, the company eliminated 3,000 jobs. [6] At the beginning of 2007, the company had 14,000 employees. [7] In May 2008, the company reported that it may run out ...
The Consumer Services Office is the main point of contact for Californians filing a complaint with the department or requesting additional information about licensees. Offering a live-person call center, the team logs thousands of calls a year and works with licensees to help consumers settle disputes and resolve issues.
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