Each year, fraudsters target vulnerable, trusting Americans by claiming that they can make their lives better. But when all the chips have fallen, these seemingly legit businesses often turn out to be just the opposite. While some of these operations will face the wrath of federal or state regulators, their victims are often left with little. [More]
mortgage modification
Former Goldman Sachs Staffer: Company's Mortgage Mod Process Was "Total Disaster"
By 4.11.12
In 2009, tens of thousands of homeowners with mortgages serviced by Goldman Sachs subsidiary Litton Loan Servicing entered into trial loan modifications. But fewer than 12% of those same people ever received permanent adjustments to their mortgages, not because they didn’t qualify, but because Litton’s system for handling paperwork was a horrendous mess. [More]
Filmmaker: Bank Of America Wouldn't Adjust My Mortgage Because I Couldn't Prove I Was Dead
By 3.20.12
We’ve already written about Bank of America customers trying in vain to prove that they are not dead. But this story is a bit different. A man says he tried to get a modification on his BofA mortgage, but the bank won’t do anything until he can prove he’s dead and that he’s paying child support to children he doesn’t have. [More]
