Relevant:
- Countrywide to Send $7.46m To Texas Borrowers
- texas ag calls for foreclosure moratorium over robosigners
- Texas AG Abbott charges servicer with illegal collection tactics
- JPMorgan, Bank of America Subpoenaed Over Foreclosures in Texas by Abbott
- Texas AG charges American Home; is traditional loan servicing under attack?
2009-03-13 — backgroundnow.com
" Texas Attorney General Greg Abbott today announced the conclusion of the state’s enforcement action against Foreclosure Assistance Solutions (FAS). As a result of an agreement, the Florida-based company must no longer engage in the foreclosure mitigation business in Texas and has paid more than $390,000 in restitution to 351 Texas homeowners. FAS is the eighth foreclosure rescue operation shut down by Attorney General Abbott."
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Comments:
SteveP at 00:57 2009-03-14 said:
A for-profit loan modification outfit found to be making false claims and operating illegally. Surprise, surprise! Permalinkrocketrob at 23:51 2009-03-14 said:
Its no surprise the mom and pop loan mod companies are being quickly shut down by government agencies. 1 - less competition and more profits in loan mods for the criminal banks. 2 - there was no lobby money into the government leaders' election campaign bank accounts from the mom and pops. But look at how efficient government regulators currently are? Too bad they weren't between 2003 - 2006 with the banks themselves. Hmmmmm.... Permalinkadd a comment | go to forum thread
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