Mortgage Complaint Center Seeks Comment From Servicers

Posted by Orb Staff on November 03, 2008 No Comments
Categories : Mortgage Servicing

Americas Watchdog's National Mortgage Complaint Center says it is launching a national investigation into major U.S. banks or major loan servicing companies that are allegedly exploiting homeowners.
‘We want to talk to current and former employees of mortgage loan servicers who have specific information about U.S. banks or mortgage servicing companies intentionally showing borrowers as late when they were not, adding phony or inflated legal fees onto a borrowers monthly statement, when little or no legal work was really done, and intentionally adding late fees after the borrower actually paid,’ the group says.

Current or former bank employees or loan servicer employees who wish to comment are encouraged to call the National Mortgage Complaint Center at (866) 714-6466 or visit www.NationalMortgageComplaintCenter.com.

Source: Americas Watchdog's National Mortgage Complaint Center

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