Currently viewing the tag: "mortgage servicer"
Take a look at this article from the Washington Post: Treasury Secretary Timothy F. Geithner tells a Senate panel that not enough is being done to help homeowners avoid foreclosure or keep borrowers who qualify for federal aid from losing their homes. “So far, the federal program, known as Making Home Affordable, has helped about [...]
Continue Reading →Emotional-distress claim allowed in suit against mortgage servicer Countrywide
September 8, 2009 by CULIK LAW
A federal magistrate judge has denied a mortgage servicer’s motion to dismiss a homeowner’s claims of emotional distress, ruling that claims for emotional distress are “actual damages” permitted under RESPA and the Fair Debt Collection Practices Act (FDCPA). In their claims, the homeowners seek actual damages, alleging that Countrywide Home Loans failed to properly credit [...]
Continue Reading →Guidance for homeowners from the Massachusetts Attorney General (Part 1)
September 1, 2009 by CULIK LAW
A new video release from Massachusetts Attorney General Martha Coakley gives guidance for struggling homeowners on how to handle foreclosure, loan modification, and other mortgage issues, including the Obama Administration’s “Making Home Affordable” program and how to avoid loan modification scams. (Part 1) via Episode 2: Guidance for Homeowners Culik Law P.C. offers legal consultations [...]
Continue Reading →July 28 (Bloomberg) — Mortgage servicers meeting with Obama administration officials pledged to step up the pace of loan modifications to keep more struggling homeowners from sliding into foreclosure, according to the U.S. Treasury. “Too many homeowners are at risk of foreclosure right now,” Treasury Secretary Timothy Geithner said in a statement today after talks [...]
Continue Reading →Mortgage lenders avoid modifying loans (Boston Globe)
July 7, 2009 by CULIK LAW
Study cites lack of profit in aiding the distressed By Jenifer B. McKim, Globe Staff | July 7, 2009 Mortgage lenders don’t try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve Bank of Boston concludes. The Boston Fed’s [...]
Continue Reading →Your Rights… and Your Mortgage Servicer’s Responsibilities
June 24, 2009 by CULIK LAW
When you apply for a home mortgage, you may think that the lender, or loan originator, will service the loan until it is paid off or your house is sold. However, in today’s market mortgage servicing rights often are bought and sold. The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute. Sections [...]
Continue Reading →Mortgage Servicing: Making Sure Your Payments Count When you apply for a home mortgage, you may think that the lender will hold and service your loan until you pay it off or you sell your house. That’s often not the case. In today’s market, loans and the rights to service them often are bought and [...]
Continue Reading →Untitled Document "I cannot thank you enough for the stellar work you did on my Loan Modification. I tried it myself with no success. You were the expert I needed! You were friendly with me and relentless with the bank. You never lost patience nor spirit. You took it to every level necessary to win. AND WIN WE DID. The Modification you obtained cut over a thousand dollars from my monthly mortgage payment! I can keep my house!" Sincerely yours, Robert N.
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