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Monday, January 14, 2008
Law - More on: Mortgage servicing company "recreates" letters
Updating this ILB entry from Jan. 8th, Peter Lattman of the WSJ Law Blog reports today that a number of judges are raising concerns over practices of mortgage servicer Countrywide. Some quotes:
Today Law Blog colleague Amir Efrati reports that more judges overseeing those cases are raising concerns about the big mortgage lender ahead of its planned acquisition by Bank of America. * * *Countrywide’s errors include charging the borrowers improper and unsubstantiated fees; inflating what borrowers owe in filings with the court; and applying payments borrowers made after filing for bankruptcy toward pre-bankruptcy debt—a big no-no.
Posted by Marcia Oddi on January 14, 2008 04:26 PM
Posted to General Law Related