Relevant:
- Texas, other states start probe of GMAC foreclosure practices
- Arizona AG files suit against loan modification firm
- Arizona sues BofA, alleges loan modification fraud
- Texas, Iowa Attorneys General Probe Foreclosure Actions by Ally's GMAC
- Appeals Court says Attorney General Martha Coakley can continue investigation into Newton law firm over alleged ‘deceptive acts' tied to foreclosures
2008-11-01 — housingdoom.com
Last month, BofA agreed to modify loans for struggling borrowers if attorneys general from Arizona, Texas, Ohio, Iowa and Washington halted legal action against Countrywide. That action is based on the lender’s "alleged use of deceptive practices" in its mortgage-lending business, according to Goddard.
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Comments:
tvsterling at 20:12 2008-11-02 said:
Messing around with appealing to these soulless corporation's sense of decency is a waste of time. They don't understand the difference between kindness & weakness. I say carry thru the investigations & prosecutions with absolutely no mercy. If putting their feet to the fire doesn't work PUT THEM TO THE SWORD. What they felt was acceptable for their borrowers is good enough for them. They won't honor a few careless 'promises'. Only a solid criminal judgment will get their attention & their action. Permalinkadd a comment | go to forum thread
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