IRVINE, CA (AttorneyNewswire.com) — July 6, 2010 — Michael Heid, co-president of Wells Fargo Home Mortgage, recently offered testimony in a hearing conducted by the House Committee on Oversight and Government Reform. His testimony offered an explanation for the lack of loan modifications his employer has managed to approve since the institution of President...
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IRVINE, CA (AttorneyNewswire.com) — June 23, 2010 — When a person applies for a loan modification, the process can take several months of filling out forms, gathering documents, writing letters, etc. In order to modify a loan, both lender and borrower have to agree to the new terms, since it would be illegal to...
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IRVINE, CA (AttorneyNewswire.com) — June 19, 2010 — Ann L. Koontz, of West Virginia, is suing her lender, Wells Fargo, for predatory lending practices which she claims led to the foreclosure of her home. Koontz signed on to an adjustable rate mortgage with Wells Fargo in 2003 after being told by her lender that...
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IRVINE, CA (AttorneyNewswire.com) — June 11, 2010 — California law strictly forbids attorneys from splitting legal fees with or paying referral fees to loan modification consultants. Many homeowners facing foreclosure that are drawn in to loan modification companies claiming to have attorneys on staff usually have very little contact with the attorney who should...
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IRVINE, CA (AttorneyNewswire.com) — June 1, 2010 — For homeowners facing foreclosure, a little known computer software program may be the key to saving their home. The reason why most consumers have never heard of the REST software platform is because it is a type of program that is only sold to banks and...
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SACRAMENTO, CA (AttorneyNewswire.com) — March 11, 2010 – US Loan Auditors announced recently that they are endorsing California Attorney General Jerry Brown’s crack down on “phony loan audits” and “loan modification” scam artists by warning California families that scammers are out to steal their hard earned homes and money. “It is a shame that...
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