Tuesday, April 28, 2020

Mortgage service lying to homeowners in an effort to push them into foreclosure; weak tea from Shalala; plus more

https://prospect.org/coronavirus/unsanitized-mortgage-servicers-trying-to-steal-homes-again/

 

  1. The CARES Act has forbearance provisions for FHA and other federally-secured loans. The mortgage servicers get more money for foreclosure than for collecting payments so that are lying to homeowners to entrap them.
  2. Donna Shalala is undercutting her fellow Democrat Oversight Panel member and is criticized for being too friendly to the bankers.
  3. Paycheck Protection is still short on both funds and processing resources

 

Charlie Cooper.

No comments:

Post a Comment