Mortgage Service Firms getting Billions, but Homeowners are still in Trouble!

[andymays]

http://news.yahoo.com/s/mcclatchy/20091004/pl_mcclatchy/3324260

Excerpt:

WASHINGTON — The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of the very companies that judges or regulators have cited in recent years for abusive mortgage practices.

The firms, called mortgage servicers, have been cited for badgering, manipulating or lying to their customers; sticking them with bogus fees, or improperly foreclosing on them.

[boxcar]

http://news.yahoo.com/s/mcclatchy/20091004/pl_mcclatchy/3324260

Excerpt:

WASHINGTON — The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of the very companies that judges or regulators have cited in recent years for abusive mortgage practices.

The firms, called mortgage servicers, have been cited for badgering, manipulating or lying to their customers; sticking them with bogus fees, or improperly foreclosing on them.

Looks like we have crooks paying off crooks. And here we're told that only capitalists are evil. :rolleyes:

Boxcar

[lamboguy]

Looks like we have crooks paying off crooks. And here we're told that only capitalists are evil. :rolleyes:

Boxcarno kidding