Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
W S
Servicing / The Ticker

Attorneys General sue Tampa firm over mortgages

Florida and Connecticut file lawsuit

house
/ Print / Reprints /
| Share More
/ Text Size+

Florida Attorney General Pam Bondi and Connecticut Attorney General George Jepson filed a federal lawsuit against Tampa-based Berger Law Group, alleging it collected at least $4.7 million in illegal upfront fees from distressed homeowners, according to an article in the Tampa Bay Business Journal

According to the suit, Berger Law Group, based in Tampa, and another company, Resolution Law Group, made false promises to consumers, saying they could get help them obtain mortgage modifications, but provided little or no actual assistance to the homeowners.

The article explained that consumers were told they could pay to be included as plaintiffs in so-called "mass joinder lawsuits" against their mortgage lenders or servicers. 

Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus