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NY court shows the downside of untimely loan mod processing

The  New York Law Journal has coverage of a timely topic.

What happens when repeated requests for information from borrowers takes too long — or when the process of collecting information is not timely during a loan modification request.

The journal has more:

Brooklyn Supreme Court Justice Yvonne Lewis ruled that Wells Fargo Bank had repeatedly frustrated the efforts of two borrowers to obtain a loan modification by demanding more and more financial information and ruled that the bank must forfeit all interest accrued on the underlying loan since 2009 and pay attorney fees.

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A former Guaranteed Rate LO is suing the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equal to male co-workers, and subjecting her to sexual harassment.

3d rendering of a row of luxury townhouses along a street

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