Mortgage servicers will receive incentives to modify loans and to help the homeowner stay current, though participation by lenders is voluntary.
Delaware Attorney General Beau Biden sent a letter to several large lending institutions demanding they review their operations in order to safeguard active-duty military members from illegal mortgage overcharges and fraudulent foreclosures.
•
Over 18,000 British homeowners holding adjustable rate mortgages with Yorkshire Bank and Clydesdale Bank found in July 2010 that their monthly variable interest rates had been miscalculated by a software error.
•
The alleged problems regarding foreclosure fraud were so widespread and popularized by the media that U.S. Congresswoman Maxine Waters announced that the United States House of Representatives subcommittee on housing issues will hold a hearing on November 18, 2010 to examine problems emerging in the mortgage servicing industry.
Mortgage loan | mortgage | Franklin American Mortgage Company | The Mortgage Works | mortgage loan | Canada Mortgage and Housing Corporation | Thornburg Mortgage | The Mortgage Specialists, Inc. v. Implode-Explode Heavy Industries, Inc. | Scottish Mortgage Investment Trust | National Association of Mortgage Brokers | Mortgage servicer | Mortgage law | mortgage law | mortgage fraud | Mortgage Electronic Registration Systems | Mortgage-backed security |