Category: Loan Modifications

  • Government Settlement forces Big 5 to change Mortgage Servicing Practices

    Changes in Mortgage Servicing Practices took effect on October 2, 2012 The $25 billion government settlement with the big five mortgage companies- Bank of America, Citigroup, Ally Financial, Wells Fargo and JPMorgan Chase, have instituted more than 300 changes in the way they service mortgages.¬† The changes took effect on Tuesday, October 2nd. ¬†Here are […]