Homeowners to Lenders: You Will Not Foreclose on Us!

Homeowners to Lenders: You Will Not Foreclose on Us!

by on Mar 27, 2015 in Debt News

Coast to coast, desperate homeowners have become so frustrated by months, even years of lenders’ backpedaling on their mortgage payment modification promises that they are sending a message loud and clear: Put your money where your mouth is! Since patience has gotten them nowhere, they’re taking their plight to someone with the power to make…

Major Bank Admits to Illegal Practices and Compensates Homeowners

Major Bank Admits to Illegal Practices and Compensates Homeowners

by on Mar 16, 2015 in Debt News, Debt Settlement

In early March 2015, JPMorgan-Chase agreed to a settlement with the Justice Department’s U.S. Trustee Program. It requires the bank to compensate thousands of homeowners, adopt new business practices and accept additional oversight. Chase also had to admit that it violated federal cease and desist orders that were issued in 2011. The financial institution confessed…