

The National Mortgage Complaint
Center Offers Smart Tips for
Anyone in the United States
Wanting to Refinance of Finance
a Home & Suggests Honest Lenders
Monday, December 5, 2011
Out of concern that many would be home
buyers, and or homeowners
wishing to refinance might get
overcharged, or gouged with
unnecessary mortgage fees, or
get stuck with inflated interest
rates, the National Mortgage
Complaint Center is offering
tips for anyone looking at
getting a fair deal on a
mortgage. The National Mortgage
Complaint Center says, "For
starters anyone expecting to get
the absolute best mortgage
interest rates, needs to have
good, to great credit. If your
credit score is under 740, you
will not get the absolute best
mortgage interest rates. We are
also urging both potential home
buyers, or homeowners wishing to
finance or refinance to steer
clear of Internet ads, or
mortgage companies advertising
on the radio mortgage with
interest rates that sound too
good to be true-such as a 2%
mortgage. While these products
might exist, they are adjustable
rate mortgages, which also means
the 2% interest rate will not
last for long. We are also
warning all homeowners, or
potential homeowners to be on
the lookout for excessive fees,
for their mortgage transaction.
Typical junk mortgage fees we
see include Administration Fee,
excessive Underwriting Fees,
Document Preparation Fees, and
inflated Credit Report Fees."
http://NationalMortgageComplaintCenter.Com
(PRWEB) December 05, 2011
The National Mortgage Complaint
Center says, "After the Dodd
Frank Consumer Protection Act,
one would think everything would
be better for US homeowners. In
our opinion the Dodd Frank
legislation with respect to the
mortgage industry did nothing.
As an example the new Good Faith
Estimate designed by the US
Department of Housing and Urban
Development looks like something
that the IRS came up with. The
new Good Faith Estimate is too
complicated, it leaves too much
information out, and the old one
page Good Faith Estimate was
much easier to read, and to
understand."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center says, "At this moment we
have some of the lowest interest
rates ever. However, we want to
make sure every homeowner, or
home buyer understands what they
are getting. First we want to
cover the no point mortgage,
versus the regular fees included
mortgage transaction. The no
point mortgage is only a good
option, if you do not have the
money, or equity in your home to
actually do the transaction.
With the no point, or zero
closing cost mortgage you will
pay a higher interest rate, and
monthly payment. When it comes
to deciding if you want a
traditional mortgage where you
pay the costs, versus a no
closing cost mortgage, simply
ask the mortgage lender, or the
bank, what are the best rates
for a traditional mortgage-where
you pay the costs up front,
versus a non traditional
mortgage where the lender pays
all allowable closing costs. We
want anyone looking at buying,
or refinancing a home to know
this information, and we want
everyone to at least look at
both options."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center suggests the following
fees are junk mortgage fees:
-
Administrative Fee
-
Excessive Underwriting Fee
-
Document Preparation Fee on
the mortgage, or in
association with title
insurance
-
Credit Report Fees that are
over $30 are excessive
Who does the National Mortgage
Complaint Center recommend as
the best lenders in the United
States?
American Interbanc (California,
Washington, Oregon, Idaho,
Massachusetts, New Jersey,
Pennsylvania, Utah only) The
National Mortgage Complaint
Center & its parent group
Americas Watchdog has endorsed
American Interbanc for five
years in a row, as the best
mortgage lender in the United
States.
http://AmericanInterbanc.Com
Bank of America-According to the
National Mortgage Complaint
Center, "Believe it or not we
actually like Bank of America's
mortgage products, and of all
major US banks, Bank of America
would be the only lender to
receive our endorsement.
However, there is a catch. We
like Bank of Americas mortgage
products offered at a branch,
where the consumer, or homeowner
can actually see the loan
officer, or branch manager, and
it is a branch in your area."
http://BankofAmerica.Com
For FHA, or VA Mortgages the
National Mortgage Complaint
Center continues to endorse, and
recommend the James B Nutter
Company. The James B Nutter
company is a national mortgage
lender based in Kansas City,
Missouri, they are family owned,
and they are the gold standard
for honest FHA, or VA mortgage
lenders.
http://JamesBNutter.Com

National Mortgage Complaint
Center Warns Homeowners About
Mortgage Refinance Scams &
Explains How Homeowners About To
Refinance Can Save Money

Tuesday, November 1, 2011
The National Mortgage Complaint Center
is one of the most quoted groups
in the nation on predatory
mortgage lending, and the group
is urging homeowners to be on
guard against flim flam mortgage
refinance scams. The group is
warning all homeowners,
considering a refinance to not
fall for a radio commercial, or
Internet pop up advertisement
offering 30 year fixed rate
mortgages below 2.6%. The 2.6%
type mortgage radio commercials,
are not in fact 30 year fixed
mortgages, they are adjustable
rate mortgages, that will only
stay at the teaser rate for a
certain length of time. The
group is also saying, "If you
are about to refinance, almost
every U.S. State requires title
insurance companies to offer a
reissue rate, that is greatly
discounted over the title fee, a
homeowner originally paid for
the mortgage. The National
Mortgage Complaint Center says,
"typically mortgage lenders, or
banks fail to tell a homeowner
about the title insurance
reissue rate. The reissue title
insurance rate typically will
save a homeowner about to
refinance their home hundreds of
dollars. The catch is the
homeowner has to use their
existing title insurance company
for the refinance."
http://NationalMortgageComplaintCenter.Com
(PRWEB) November 01, 2011
The National Mortgage Complaint
Center is urging homeowners
thinking about refinancing their
home to not fall for a slick
radio, or Internet advertisement
offering interest rates that do
not exist. The group says, "As
we write this press release we
are looking at a phoney Internet
pop up ad that says, quote en
quote Mortgage Rates hit 2.6%.
Its not a 30 year fixed interest
rate, and we think this is
misleading. If a homeowner wants
to see what the current best
interest rates are nationwide,
Google American Interbanc, go to
their web site, and click on
their rate page. We have
endorsed this company five years
in a row, and while they may not
lend in your state, their rate
sheet will give you an accurate
picture of national mortgage
interest rates."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center is also urging homeowners
about to refinance their
mortgage to reuse their existing
title insurance company, because
most states require title
insurance companies to offer
what is called a reissue title
insurance rate, at a significant
discount. What this all
translates into hundreds of
dollars in savings to an average
homeowner, about to refinance
their home loan.
http://NationalMortgageComplaintCenter.Com

National Mortgage Complaint
Center Warns About The US
Residential Real Estate Market &
Urges Congress To Restore The
Home Buyers Tax Credit That
Includes Investors

Thursday, September 1, 2011
The National Mortgage Complaint Center
is warning of further US
residential real estate
valuation declines, based on new
information related to US
foreclosures. The group worries
if the US residential real
estate markets do not soon stop
their declines, a second
recession might be a optimistic
thing. The group has called
President Obama's, or former
House Speaker Pelosi's attempts
to help homeowners in
foreclosures, or loan
modifications, an utter failure,
and a waste of taxpayer money.
The group says, "We desperately
need to stabilize the US
residential real estate markets,
and we think restoring the
Federal Tax Credit for a home
purchase would a huge step in
the right direction. However,
this time the Congressional
Federal Tax Credit should be
increased to $15,000, and it
should be inclusive of not just
first time home buyers, it
should apply to every qualified
home buyer, including
investors." The National
Mortgage Complaint Center says,
"With the enormous devaluations
we have seen in most US
residential markets, we need to
stop the hemorrhaging, and do
something meaningful to
stabilize one of the most vital
aspects to the US economy-our
residential real estate
markets."
http://NationalMortgageComplaintCenter.Com
(PRWEB) September 01, 2011
The National Mortgage Complaint
Center is urging US House of
Representatives Speaker John
Boehner to introduce immediate
legislation that restores the
Federal Tax Incentive Plan for
home buyers. However, the group
says, "the Federal Tax Incentive
Home Purchase Program should not
be limited to first time home
buyers only. We believe a more
robust federal tax incentive
plan is called for, to include
not just first time home buyers,
but all qualified home buyers,
including investors. Someone
needs to step up to the plate to
rescue the US residential real
estate markets, and leadership
is needed-now."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center is now warning, "If
someone in the federal
government does not exert some
leadership immediately, it might
be too late for the US
residential real estate markets,
and our economy. We appreciate
the concept of free enterprise,
and or risk, and return is lost
on President Obama, but someone
in DC had better start thinking
outside of the box now, or it
could be too late to do anything
about the sinking US residential
real estate markets." The
National Mortgage Complaint
Center is also warning, "Now
would not be a time for the US
Congress to allow President
Obama, and former House Speaker
Pelosi to make an Economic
Social Statement, with another
insane program that allows
individuals not qualified to buy
a home, to get one. Now is the
time to let the free enterprise
system work, for qualified
buyers, with tax credits being
the incentive for
participation."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center says, "On the topic of
the US Federal Government,
mortgages, and failure, we have
a gigantic problem in Florida,
and the extreme US Southeast
involving imported toxic Chinese
drywall, and probably 200,000+
homes. Typically these homes
turn into foreclosures, because
of homeowner fears about health
effects to themselves, or their
children. These fears are not
unfounded. In a typical Florida
home, or condominium, that
contains toxic Chinese drywall,
the electrical wires turn black,
and copper tubes, or pipes also
turn black, get pitted, and
leak. The astonishing thing to
us is in many to most cases US
Taxpayer owned Fannie Mae gets
the house as a foreclosure, and
simply resells it to a new home
buyer, with the only disclosure
being As Is. As soon as the
Florida, or Gulf States
foreclosure buyer discovers the
home contains toxic Chinese
drywall, the home becomes a
foreclosure all over again. And
President Obama is contemplating
getting the US Federal
Government into the mortgage
business? Has everyone in
Washington, DC lost their minds?
President Obama has yet to
mention the toxic Chinese
drywall disaster in Florida, or
US Gulf States one time in
public, after nearly three years
in office?"
http://NatonalMortgageComplaintCenter.Com
For more information about the
imported toxic Chinese drywall
disaster please visit
http://ChineseDrywallComplaintCenter.Com


National Mortgage Complaint
Center Wants To Hear From US
Homeowners If Their Bank Or Loan
Servicer Stuck Them With Forced
Placed Insurance
Monday, June 6, 2011
The National Mortgage Complaint Center
is beginning a national
initiative to expose banks, or
loan servicing companies for
ripping off home owners with
forced placed insurance, and
they literally want to hear from
every recent victim. What is
forced placed homeowners
insurance? Typically forced
placed insurance was put on
homes, that were no longer
occupied, because of issues
related vandalism, and increased
liability to the bank, in most
cases because the home was
unoccupied. As a rule forced
placed insurance can cost three,
to five times what a standard
homeowners insurance policy
costs. The National Mortgage
Complaint Center says, "The big
banks, and the major loan
servicing firms have figured out
there are huge profits in forced
placed insurance, so they are
arbitrarily putting forced place
insurance on any homeowner they
possibly can. We have had enough
phone calls from consumers to
know this is a gigantic problem,
so we are encouraging
homeowners, whose bank, or loan
servicing company has stuck them
with ultra expensive forced
placed insurance to tell us
their story via our contact on
our web site."
http://NationalMortgageComplaintCenter.Com
(PRWEB) June 06, 2011
The National Mortgage Complaint
Center is one of the premier
advocates, and watchdog's for
the US mortgage lending
industry. The group is now
beginning a new initiative
designed to identify any US
homeowner, who is needlessly
paying for forced placed
insurance to their bank, or loan
servicing company. The National
Mortgage Complaint Center says,
"We believe there are 10,000's
of US homeowners, who are paying
an insurance premium three,
four, or five times what it
should cost, because their bank,
or loan servicing company signed
them up for a forced place
insurance policy. We have
recently talked to numerous
homeowners, who actually have a
standard homeowners policy with
one of the major US property
casualty carriers like State
Farm, or Allstate insurance, and
the horrified homeowner has just
discovered their bank, or loan
serving company also has a
forced placed insurance policy
on the same home. The only
reason the homeowner even
noticed was they thought their
payments into reserves were way
too high. We want to hear from
any homeowner, who has been
victimized by this practice."
For more information please
contact the National Mortgage
Complaint Center via its web
site at
http://NationalMortageComplaintCenter.Com
The National Mortgage Complaint
Center says, "In other instances
of the forced place insurance
scam, the bank, or loan
servicing company has told the
homeowner, quote unquote forced
placed insurance will be
required on your home." They
say, "Unless the house has been
abandoned, it is vacant, or the
homeowner has stopped making
mortgage payments, forced placed
insurance should never be
arbitrarily forced down the
throat of an innocent homeowner.
We do not think, we know the
number of victims is in the
10,000's, or higher, its wrong,
and we want to identify every US
homeowner, who is a recent
victim of the forced placed
insurance outrage." The National
Mortgage Complaint Center is
encouraging homeowners
victimized by the forced place
insurance scam to contact them
via the web site at
http://NationalMortgageComplaintCenter.Com
National Mortgage Complaint
Center Blasts All US Banks for
Failing to Give Homeowners
Consistent Customer Service on
Mortgage Loan Modifications
Monday, April 4, 2011
The National Mortgage Complaint is
blasting all US banks, and
mortgage servicing companies for
failing to allow all US
homeowners wishing to do a loan
modification, or attempting to
do a loan work out with the
opportunity of ever talking to
the same bank, or loan servicing
department customer service
representative twice. This also
translates into the bank, or
loan servicing company never
telling the borrower the same
thing twice. The group says, "We
currently have about 2 million
plus US homes in the foreclosure
pipeline for 2011, and we think
there are another 2 million that
are coming. In many cases
because the bank, or mortgage
servicing company never really
bothered to treat the homeowner
with anything close to a
consistent customer service
approach, or consistent work out
plan. The net result is we just
get a lot more foreclosures
nationwide. How stupid is that?"
http://NationalMortgageComplaintCenter.Com
(Vocus/PRWEB) April 04, 2011
The National Mortgage Complaint
Center is accusing all US banks,
and loan servicing companies of
really dropping the ball, when
it comes to assisting
potentially a million plus US
homeowners trying to qualify for
a loan modification, or a
mortgage loan work out. The
group says, "When a desperate US
homeowner attempts to call a
bank, or loan servicing center,
they never get the same customer
service representative twice,
and more often than not they are
getting conflicting information.
As an example one customer
service representative, will
tell a homeowner, who has always
been current on their mortgage
to stop making payments on their
loan-in order to qualify for a
loan modification? We have
literally talked hundreds of
consumers, who have been told to
stop making their mortgage
payments--the problem--the bank
representative just instructed
the homeowner to blow up their
credit score, by missing
mortgage payments! How amazingly
stupid is that? Then another
customer service representative
will tell the same borrower--Oh
my God you've stopped making
mortgage payments-you are now in
foreclosure."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center says, "If the national
news media is actually
interested in this US loan
servicing disaster story--just
let us know--we will do a press
release targeting any US city
you want & you can have a little
town hall meeting with victims
of this nonsense--the only
problem--you in the press will
need to rent the facility, and
its going to need to be really,
really big--because you will
have tens of thousands of US
citizens in any big, or medium
sized metro area, who all will
have a mortgage loan servicing
nightmare story for you. The
problem is that vast."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint
Center says, "So how do we fix
this loan servicing nightmare
for all US homeowners? Actually,
we think its kind of simple.
When a borrower calls their bank
about a mortgage issue, they
should be assigned a specific
customer service representative,
who will provide the consumer
with their full name, customer
ID, and e-mail address. If its a
loan modification, or mortgage
work out, this bank, or loan
servicing representative will
stay with the consumer until
whatever the task at hand is
accomplished, and the bank rep
sends the borrower specific
instructions-not this
verbal--stop making your
payments nonsense." They say, "A
huge part of our current US
mortgage, or US real estate
disaster is a direct result of
banks, or loan servicers never
providing the borrower with
anything in writing, never
allowing the homeowner to get an
e-mail, or anything in writing,
and never getting the same
customer service person twice.
This needs to stop now, if we
ever have any hope of putting
the current US real estate
disaster in our nations rear
view mirror-US banks, as well as
loan servicing companies have to
do a much better job, and the US
Congress needs to stop giving
banks money for mortgage
bailouts, that are nothing more
than an absolute waste of
taxpayer money."
http://NationalMortgageComplaintCenter.Com

National Mortgage Complaint Center Mocks The Feds' Transparency
Mortgage Fee Attempts & Says
It's Time For A US Mortgage
Revolution
The National Mortgage Complaint Center is mocking the US Department
of Housing & Urban Development's
attempts to make the financing
or refinancing fees for the
average US consumer more
transparent. The group says, "We
are demanding HUD go back to the
old one page Good Faith Estimate
format, that at a minimum allows
consumers to see who is making
what. This new multi-page
mortgage disclosure form looks
like something that was designed
by intoxicated bureaucrats at
the IRS." The group says,
"Further, we are demanding that
banks and mortgage bankers be
forced into disclosing all
kickbacks, or quote en quote
rebates know as yield spread
premiums, along with the service
release premiums, so the
consumer can actually see how
much the lender is making on a
mortgage transaction." They say,
"The US mortgage system is
extremely wasteful, it is full
of needless fees, redundancy,
title insurance fees that are
way too high, and we think it's
the right time for a flat
mortgage fee system for most
homeowners--not the 'we are
going to bleed you for every
nickel and dime' mortgage system
we have today."
http://NationalMortgageComplaintCenter.Com
(Vocus/PRWEB) March 01,
2011
The National Mortgage Complaint Center is saying, "The US mortgage
system is broken, it needlessly
wastes the consumer's money, it
gouges the consumer with schemes
like title insurance costs, or
lacks transparency with respect
to kickbacks such as the yield
spread premium, and it really is
time for a revolutionary change
in the mortgage world." They
say, "Most consumers have never
heard of a yield spread premium
kickback mortgage brokers have
to disclose, or are supposed to
disclose, but banks have no such
requirement, even though they
get the very same kickback." The
group is saying, "Most current
US homeowners have no clue they
are paying a higher monthly
mortgage payment because of the
yield spread premium kickback
scheme--but they are. We are
simply saying it's time for a
change. The future of the
mortgage industry is a flat fee
approach regardless if the home
costs $100,000, or $500,000--not
this nonsense we have today."
http://NationalMortgageComplaintCenter.Com
But the Federal Government will fix the US mortgage mess when it
comes to financing, or
refinancing a home, right? The
National Mortgage Complaint
Center says, "We have lost all
faith in the federal
government's ability to protect
consumers in the mortgage
process. Had the US Department
of Housing & Urban Development,
or the US Congress been on top
of things in 2003 or 2004, we
probably would not have the
current US real estate disaster.
Tragically they were all asleep
at the switch, and with the
federal government's or
Congress's recent mortgage
transparency attempts like the
new Good Faith Estimate, it
appears to us they are all still
asleep at the switch, or worse
yet, bought and paid for by the
banking, mortgage banking or
title insurance industry's
special interest groups."
http://NationalMortgageComplaintCenter.Com
So how would the new flat fee mortgage process work? The National
Mortgage Complaint Center says,
"Initially the flat fee mortgage
fee service would be designed to
service borrowers who have very
good credit, with FICO scores of
740+. There would be a flat fee
that would cover everything
including loan origination fee,
credit report, appraisal fee,
processing, tax certification,
and flood certification, all
bundled into one fee, say $2500
to $3000, regardless if the home
costs $100,000 or $500,000. This
would save the typical borrower
$1000's." They say next, "We
would propose a completely brand
new national title insurance
company that would offer rates
perhaps as low as one-third of
what they are today--perhaps
even closer to one-quarter of
what they are today, there
literally is that much profit in
title insurance." The group
says, "and finally we would have
escrow hubs in each state, that
do nothing more than prepare
documents for closing, and
disburse funds to sellers,
mortgage holders, etc. All
closings would be done by mobile
notaries that come to the
borrower's home for closing."
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint Center says, "There is an old
saying--build a better mouse
trap and people will line up to
get it. The flat fee, bundled
mortgage service is the future
for US high credit rated
mortgage and equity-driven
originations. Why is the cost of
doing a $500,000 mortgage
greater than a $150,000 mortgage
cost when the same amount of
work is done in each
transaction?" They say, "The
flat fee, bundled mortgage
service is not only the future,
it instantly makes all major US
banks or existing title
insurance companies obsolete,
and they would be instantly
forced to change or face
extinction." The group says,
"The win for the consumer would
be obvious--instead of paying
$6000 to $10,000 for a mortgage
directly or indirectly, they
would be paying close to half of
this amount, and because the
service has a flat fee, the
service would be designed to get
the borrower the lowest possible
rate. The flat fee mortgage
service would make its profits
from volume, as opposed to
gouging every consumer as much
as possible."
http://NationalMortgageComplaintCenter.Com
Ever hear of a Service Release Premium? The National Mortgage
Complaint Center says, "A SRP,
or Service Release Premium, is
the amount an investor will pay
a bank or mortgage banker for
your loan. It's rarely, if ever,
disclosed to the borrower." They
say, "In the flat fee concept,
the SRP will be included and
disclosed to the consumer up
front. It can range between
$1000 to $3000 depending on the
loan amount and the quality of
the borrower." The group says,
"The US Mortgage System is
flawed, it is inefficient, it
needlessly gouges consumers, it
really is time for a change. So
who wants to be the next Bill
Gates?"
http://NationalMortgageComplaintCenter.Com
National Mortgage
Complaint Center Warns All US
Homeowners About Refinancing
Scams Foreclosures & Says Time
for Justice for Greedy Banks
Tuesday, February 1, 2011
Think
the new Obama Administration's
made the mortgage process more
transparent, think the Feds are
going after multitudes of scam
artists from foreclosures, to
investment bankers, for wrong
doing, the National Mortgage
Complaint Center says, "think
again." They say, "what worries
us now is the same type slim
ball mortgage companies are back
offering interest rates that do
not exist, or let 500 bankers
kill each other for your
business, its all baloney, and
it needs to stop-now." They say,
"its also time for
accountability for US banks,
investment bankers, and major US
homebuilders-how many
indictments have there been for
the US mortgage meltdown? Pretty
much zero. How many trillions
did this cost the US taxpayers?"
http://NationalMortgageComplaintCenter.com
(Vocus/PRWEB) February 01,
2011
The National Mortgage Complaint
Center says, "as we enter 2011
we have a lot of really serious
concerns related to US
homeowners, consumers wishing to
purchase a home, and
accountability for what got us
into this mess in the first
place. Things have not improved,
and if not the homeowners-the
taxpayers should be steamed."
They say, "what concerns us is
Federal, or State Law
Enforcement are doing little, to
nothing about mortgage refinance
scam artists, or foreclosure
scam artists offering access to
interest rates that do not
exist, and or foreclosure
programs, that require money up
front-for nothing." They say,
"what do state, or federal
regulators, who are supposed to
be protecting consumers, do all
day long? They sure and the hell
are not doing much to regulate
all of this nonsense, and we
think all US homeowners, and or
taxpayers better wise up. One
way, or another you are all
paying for this baloney, and
will be for as long as you
live."
http://NationalMortgageComplaintCenter.com
Refinancing: The National
Mortgage Complaint Center says,
"we think now would be a very
smart time to refinance, because
we think the realities of the
Middle East meltdown mean much
higher oil prices, inflation,
and interest rates. Even if the
US stock market has a
meltdown-we think rates are
going up-not down--because a
Middle East meltdown probably
means higher oil prices, and
inflation." They say, "if you
see some advertisement for a 3%
mortgage-its not a 30 year fixed
product, we consider it to be
false advertising, and its high
time federal, or state
regulatory agencies shut these
firms down for false, or
misleading advertising."
http://NationalMortgageComplaintCenter.com
Foreclosures: The National
Mortgage Complaint Center says,
"in 2011 we will see a record,
or close to a record number of
foreclosures. We expect an
additional price decline of
about 10% nationwide. The true
national unemployment rate is
north of 15%. Add in the Middle
East meltdown, and 2011 is
starting to look like a train
wreck." They say, "and no--if
someone has not made their
mortgage payment for a year, or
more-why should it be the
taxpayers responsibility to bail
them out?" However, the National
Mortgage Complaint Center says,
"there is one exception to this
not paying your mortgage
payment. In this instance, it
applies to 10,000's of US
homeowners stuck in a home with
toxic Chinese drywall in the US
Southeast. Haven't heard about
toxic Chinese drywall? Well
there is a good reason why most
US citizens have not yet heard
about the toxic Chinese drywall
disaster--President Obama has
forgotten to mention it one time
in public since taking office.
Not to worry-we think its in all
50 states-so everyone will know
about it one of these days."
They say, "toxic Chinese drywall
is the absolute worst
environmental disaster to ever
impact US homeowners, and here's
the good part-----US banks stuck
with a toxic Chinese drywall
foreclosures in places like
Florida--are simply reselling
these toxic homes-As Is-no
mention of the fact the home
could be lethal to the
homeowner, or their children-so
the house just becomes a
foreclosure all over again." For
more information on the toxic
Chinese drywall disaster please
visit the Chinese Drywall
Complaint Center at
http://ChineseDrywallComplaintCenter.com.
On The Topic Of Greedy Banks
Investment Bankers &
Accountability: The National
Mortgage Complaint Center says,
"in case you missed it, all of
the big time Wall Street
investment bankers, banks,
international finance people had
a big party in Switzerland last
week. Apparently they all had a
really good 2010. There is one
slight problem, we think the US
taxpayer picked up the bar tab."
They say, "back in 2006-even
2007, US securities rating
agencies were giving
questionable Alt A mortgages a
triple A rating, just so foolish
pension funds would buy these
soon to be greatly discounted,
or worthless securitized
mortgages." The group says, "the
same people/firms at the free
bar in Switzerland last week,
were telling investors, and the
US consumers, the US real estate
party would go on forever back
in 2006, and even 2007. They
were all lying through their
teeth, and now the US taxpayer
gets stuck with trillions? We
say its time for indictments!"
http://NationalMortgageComplaintCenter.com
Press
Release
|
Mortgage Complaint Center Warns about 2011 US Real Estate Values
Says Now is
the Time to
Refinance &
Warns of
Foreclosure
Scam Artists
The National Mortgage Complaint Center is saying, "because there
are
literally
millions of
foreclosures
in the US
residential
real estate
pipeline, we
expect an
additional
devaluation
of US
residential
real estate
prices of 8%
to 10% in
2011." They
say,
"because of
this, now
may be the
best time
ever, to
refinance
your home,
but you need
to be on
guard
against the
same old,
and some new
scum bag
mortgage
companies.
If you hear
of a company
on TV
offering to
have 500
bankers
fight to the
death for
your
business-pass-they
will just
cost you
more money."
Further they
say, "if you
wait 6
months-your
equity could
be eroded
even more-or
you could be
under
water-we are
that
concerned
about 2011
market
devaluations."
The group
says, "we
just heard
of a company
offering
5.25% 30
year fixed
mortgage
rates on
national
TV-if you
have good
credit-its
another
scam-if have
740+ credit,
and equity
in your home
the real 30
year fixed
rates are
around
4.25%-not
5.25%-this
is just
another way
to cheat
you." The
National
Mortgage
Complaint
Center also
says, "we
are
demanding
the US
Justice
Department
go after the
scam
mortgage
foreclosure
help
firms-they
are simply
ripping
people
off--they
get big
money up
front & then
do nothing,
and the Feds
need to shut
this down
now."
http://NationalMortgageComplaintCenter.Com
(Vocus/PRWEB) December 07,
2010
The National Mortgage Complaint Center says, "because we expect
2011 to be
another
train wreck,
with respect
to US
residential
real estate
valuations,
due in large
part to up
to a million
plus US
foreclosures
being
dumped-now
may be the
last time
for
homeowners
with equity,
and good
credit to
refinance
before their
home goes
underwater
too, or
interest
rates go
up." The
group is
vigorously
warning
against
using
mortgage
services
advertising
on TV, about
letting
bankers kill
each other
for the best
rates, or
deals of 5%
or more for
high quality
borrowers.
If a
homeowner
wants the
see what the
best rates
are, simply
call
American
Interbanc at
1-800-724-0004,
or check
with Bank of
America. The
current best
residential
real estate
mortgage
rates are
around 4.25%
at this
moment. The
group says,
"you would
of thought
the worst of
the
predatory
mortgage
lenders
would have
been gone
after the US
mortgage
meltdown,
but some are
back. If you
have equity
in your
home, and if
your credit
score is
above 740,
you will get
the best
rates, and
fees from
American
Interbanc,
or Bank of
America. If
you are
looking to
do a FHA, or
VA mortgage
we recommend
the James B
Nutter
Company."
http://NationalMortgageComplaintCenter.Com
Mortgage Foreclosure Scam Artists: The National Mortgage Complaint
Center says,
"we do not
understand
how, or why
the United
States
Department
of Justice
has not shut
down the
major-mortgage
foreclosure
help, or
relief-scam
artists?
These types
of companies
are
completely
ripping off
homeowners,
with
promises of
a loan
modification,
the
consumers
are then
foolishly
giving these
companies
thousands up
front-and
that's the
last they
hear from
the
company."
The group
says, "here
is the
reality-if
you have not
made your
mortgage
payment for
one, or two
years-you
are going to
lose your
home. As far
as we are
concerned
the Obama,
or Pelosi
homeowner
salvation
programs
have been a
gigantic
waste of
taxpayer
money, and
we need to
get back to
the real
world. If
you don't
make your
mortgage
payments,
you will
lose your
home to
foreclosure."
They say,
"if you are
trying to
protect your
home, and if
you think
you have
valid proof
about lender
misconduct,
consult your
local Legal
Bar
Association
to see what
attorneys do
mortgage
modification
work, and or
bankruptcies
in your
area."
http://NationalMortgageComplaintCenter.Com
The US Residential Real Estate Outlook Gets Worse: The National
Mortgage
Complaint
Center says,
"ever hear
of toxic
Chinese
drywall? The
nation needs
to prepare
for this
worsening
disaster.
One of our
affiliated
groups has
now formally
called for a
moratorium
on US banks
reselling
toxic
Chinese
drywall
foreclosures
in Florida,
Alabama,
Mississippi,
Louisiana,
Virginia,
and
Southeast
Texas, until
the Fed's
come up with
a
reasonable,
and safe way
to repair
these
homes-if not
they will
need to be
bulldozed."
Toxic
Chinese
drywall
began
entering the
United
States as
early as
2001. The
gas
emissions
from toxic
Chinese
drywall are
bad enough
to corrode
electrical
wires, and
turn copper
pipes black.
The group
estimates
there are at
least
200,000+
toxic
Chinese
drywall
homes in the
US Southeast
alone. The
group fears
in 2011
toxic
Chinese
drywall will
be
discovered
in all 50 US
States. The
National
Mortgage
Complaint
Center is
saying,
"toxic
Chinese
drywall is a
game changer
for all US
homeowners,
for all US
banks, and
for the US
homebuilding
industry,
and its
going to get
really ugly
in 2011."
For more
information
about toxic
Chinese
drywall
please visit
http://ChineseDrywallComplaintCenter.Com
Important Note: The National Mortgage Complaint Center is saying,
"the vast
majority of
US
homeowners
are over
paying on
their
property
taxes. In
some cases
it could be
thousands,
and
thousands of
dollars each
year. Check
with your
local real
estate
agents to
see what
comparable
homes in
your
neighborhood
are selling
for, and
then check
your
property tax
bill. If you
are over
paying
contact your
county
assessor for
information
related to a
property tax
assessment
correction."
http://NationalMortgageComplaintCenter.Com
Foreclosure Victims Who Were Paying On Time Before Their Bank Said
Stop Making
Payments
Should
Contact The
National
Mortgage
Complaint
Center
The National Mortgage Complaint Center says, "we are looking for a
very
specific
group of
homeowners
in each
state, who
paid their
payments on
time, were
not in the
arrears,
wanted a
loan
modification
because they
were upside
down on
their
mortgage,
and they
then lost
the
house-little
to no formal
notifications
from the
bank." The
National
Mortgage
Complaint
Center says,
"by now we
are certain
most
homeowners
have heard
about all US
State
Attorney
Generals
investigating
foreclosures
in their
states. Our
investigation
will attempt
to clarify
the most
severe
foreclosure
fraud
problems."
Victims of a
bank telling
a homeowner
to stop
making
mortgage
payments,
only to end
up losing
their home
can contact
the National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
Washington, DC (Vocus)
October 18,
2010
The National Mortgage Complaint Center is looking for a specific
group of
former
homeowners,
who were
never late
on their
mortgage
payment, who
had decided
since they
were upside
down on
their
mortgage
payment they
would
contact
their
bank/loan
servicer for
a loan
modification,
who were
then told by
their bank,
or loan
servicer to
stop making
mortgage
payments,
and rather
than
receiving a
loan
modification,
lost their
home to a
foreclosure.
The group
says, "These
are the
exact people
we want to
talk to. One
of the
gigantic
problems in
the US
foreclosure
disaster is
banks, or
loan
servicers do
not assign a
homeowner
attempting
to take
advantage of
a loan
modification
to the same
customer
service
agent.
Instead the
borrower
never talks
to the same
person
twice-no
names-e-mail
addresses-nothing."
The National
Mortgage
Complaint
Center says,
"The group
of people we
want to hear
from are
borrowers,
who were
always on
time, who
were told to
stop making
their
mortgage
payments by
the banks,
or loan
servicer,
who wanted a
loan
modification,
but instead
got a
foreclosure
notice." For
more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
The National Mortgage Complaint Center says, "we cannot help people
who were
already
behind in
their
mortgage
payments,
before their
bank
contacted
them, or
before they
were
foreclosed
on. We think
it is very
important to
find people,
who received
no notice
from the
bank, that a
foreclosure
was
imminent,
meaning the
bank sought
foreclosure
on their
home without
first
notifying
them of
bringing the
case." They
say, "we
know there
are tens,
and tens of
thousands of
homeowners,
who were not
behind on
their
payments,
they simply
wanted a
loan
modification,
their bank
told them to
stop making
payments,
and instead
of getting a
loan
modification-they
got a
foreclosure
notice-typically
without
prior
notice.You
are the
people we
want to hear
from." For
more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
There is no cost to consumers for this investigation, on the part
of the
National
Mortgage
Complaint
Center.
The National
Mortgage
Complaint
Center is
one of the
most quoted
source in
the United
States on
predatory
mortgage
lending. The
group has
been
featured, or
quoted in
the Wall
Street
Journal,
Money
Magazine,
Newsweek
Magazine,
Good
Housekeeping
Magazine,
Parade
Magazine,
The New York
Times, The
Los Angeles
Times, and
numerous
other news,
or media
outlets. In
the June
2005 edition
of Money
Magazine,
the group
warned about
a national
economic
train wreck
if banks,
and major US
homebuilders
did not put
a stop to
appraisal
fraud.
http://NationalMortgageComplaintCenter.Com
National
Mortgage
Complaint
Center Wants
To Hear From
Victims Of
Banks Saying
Stop Making
Mortgage
Payments &
The
Resulting
Foreclosure
The National
Mortgage
Complaint
Center is
initiating a
national
investigation
of major US
banks, or
mortgage
loan
servicers
telling
their
borrowers to
stop making
mortgage
payments on
their home,
which then
resulted in
the
homeowner
losing their
home to a
foreclosure.
The group is
saying, "We
are looking
for a very
specific
group of
homeowners
in each
state, who
paid their
payments on
time, were
not in the
arrears,
wanted a
loan
modification
because they
were upside
down on
their
mortgage,
and they
then lost
the
house-little
to no formal
notifications
from the
bank." The
National
Mortgage
Complaint
Center says,
"by now we
are certain
most
homeowners
have heard
about all US
State
Attorney
Generals
investigating
foreclosures
in their
states. Our
investigation
will attempt
to clarify
the most
severe
foreclosure
fraud
problems."
Victims of a
bank telling
a homeowner
to stop
making
mortgage
payments,
only to end
up losing
their home
should visit
the National
Mortgage
Complaint
Center's
contact page
& let the
group know
the
specifics of
what
happened,
and who did
what, to
who.
http://NationalMortgageComplaintCenter.Com
Washington,
DC (Vocus)
October 15,
2010
In an
attempt to
clarify bank
misconduct
in the US
foreclosure,
and real
estate
disaster,
the National
Mortgage
Complaint
Center is
looking for
a specific
group of
former
homeowners,
who were
never late
on their
mortgage
payment, who
had decided
since they
were upside
down on
their
mortgage
payment they
would
contact
their
bank/loan
servicer for
a loan
modification,
who were
then told by
their bank,
or loan
servicer to
stop making
mortgage
payments,
and rather
than
receiving a
loan
modification,
lost their
home to a
foreclosure.
The group
says, "These
are the
exact people
we want to
talk to. One
of the
gigantic
problems in
the US
foreclosure
disaster is
banks, or
loan
servicers do
not assign a
homeowner
attempting
to take
advantage of
a loan
modification
to the same
customer
service
agent.
Instead the
borrower
never talks
to the same
person
twice-no
names-e-mail
addresses-nothing."
The National
Mortgage
Complaint
Center says,
"The group
of people we
want to hear
from are
borrowers,
who were
always on
time, who
were told to
stop making
their
mortgage
payments by
the banks,
or loan
servicer,
who wanted a
loan
modification,
but instead
got a
foreclosure
notice." The
National
Mortgage
Complaint
Center is
saying,
"please do
not try to
call us with
this
information,
simply go to
our web site
contact
page-fill
out what
happened-the
name of the
bank-when
you were
told to stop
making
payments-and
when you
lost the
house. After
reviewing
this
information
we will
contact
you."
http://NationalMortgageComplaintCenter.Com
The National
Mortgage
Complaint
Center says,
"We are most
interested
in
homeowner,
or former
homeowners,
who are in
states with
judicial
foreclosure
laws. Also,
we think it
is very
important to
find people,
who received
no notice
from the
bank, that a
foreclosure
was
imminent,
meaning the
bank sought
foreclosure
on their
home without
first
notifying
them of
bringing the
case." The
group says
again,
"Please no
phone calls,
we cannot
handle
thousands of
calls per
hour. Simply
go to the
contact page
on our web
site and
fill out the
contact
form."
http://NationalMortgageComplaintCenter.Com
(http://NationalMortgageComplaintCenter.Com)
There is no
cost to
consumers
for this
investigation,
on the part
of the
National
Mortgage
Complaint
Center.
The National
Mortgage
Complaint
Center is
one of the
most quoted
source in
the United
States on
predatory
mortgage
lending. The
group has
been
featured, or
quoted in
the Wall
Street
Journal,
Money
Magazine,
Newsweek
Magazine,
Good
Housekeeping
Magazine,
Parade
Magazine,
The New York
Times, The
Los Angeles
Times, and
numerous
other news,
or media
outlets. In
the June
2005 edition
of Money
Magazine,
the group
warned about
a national
economic
train wreck
if banks,
and major US
homebuilders
did not put
a stop to
appraisal
fraud. The
National
Mortgage
Complaint
Center is
now saying,
"US banks
are either
creating
foreclosures
because of
sloppiness,
and
incompetent
customer
service, or
they are
hiding the
true number
of potential
US
foreclosures,
out of fear
it would
create an
instant
economic
meltdown.
What
happened to
all the
mortgage
bailout
money the
banks
received
from the
morons in
the Nancy
Pelosi
Congress?"
http://NationalMortgageComplaintCenter.Com
National
Mortgage
Complaint
Center
Expands Its
Free
Mortgage
Junk Fee
Review For
Homeowners
Who
Refinanced
In Late
2009/2010 &
Blasts HUD
For New
Mon Jul 19,
3:00 am ET
The National
Mortgage
Complaint
Center is
dramatically
increasing
its
investigation
of national
title
insurance
companies,
and or
national
mortgage
banks
up-charging
third party
costs. At
the same
time the
group is
blasting the
United
States
Department
of Housing
and Urban
Development
for their
new Good
Faith
Estimate.
According to
the group,"
from credit
reports, to
junk title
fees, the US
title,
mortgage
industries
have gone
right back
to their old
ways, and we
need to put
an end to
it. If a
homeowner,
especially a
woman has
financed, or
refinanced
their
mortgage
since August
of 2009, and
wants to
know if they
were taken
advantage
of, on junk
mortgage
fees, call
us." The
National
Mortgage
Complaint
Center is
also saying,
"what and
the Hell was
HUD thinking
with the new
Good Faith
Estimate
format,
introduced
on January
1st 2010.
Only the IRS
could have
come up with
something
more
complicated,
and or less
transparent."
For more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via their
web site at
Http://NationalMortgageComplaintCenter.Com
(PRWEB) July
19, 2010 --
The National
Mortgage
Complaint
Center is
saying,
"Financial
reform, or
oversight is
a myth in
the mortgage
industry,
that is way
over rated.
You'd think
after the US
mortgage
meltdown of
2007, banks
& major US
title
insurance
companies
would have
cleaned up
their act.
Wrong. We
are right
back to the
way it was."
The group
says, "At no
cost we will
inspect the
second page
of a HUD-1
Settlement
Statement to
see how bad
the
consumer/homeowner
was over
charged-for
free. The
caveat is
the finance,
or refinance
must have
occurred
after July
of 2009."
The group is
also mocking
the
Department
of Housing &
Urban
Developments
new Good
Faith
Estimate.
They say,
"What was
HUD thinking
when they
came up with
the new Good
Faith
Estimate
format.
Morons!
Where are
the mortgage
fees listed?
Did the
mortgage
industry
come up with
this new
format-courtesy
of a
campaign
donation to
Senator
Dodd, or
Congressman
Barney
Frank?" For
more
information
please call
the National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.com.
The
Specifics Of
The National
Mortgage
Complaint
Center's
Free
National
Junk
Mortgage Fee
Inspection
Include:
* Was a
homeowners
credit
report fee
up-charged
during a
August
2009-June
2010
mortgage
refinance,
or home
purchase?
* Was a
homeowner
overcharged
by a
national
title
insurance/mortgage
banks
courier
fees, in a
August
2009-June
2010
refinance,
or home
purchase?
* Was a
homeowner
over charged
with
up-charged
notary fees
by a
national
title
insurance,
mortgage
bank's
August
2009-June
2010
refinance,
or home
purchase?
* Was a
homeowner
victimized
by
up-charged
Tax
Certification-or-Flood
Certification
fees, in a
home
refinance,
or purchase
from August
2009-June
2010?
* Was a
homeowner
who
refinanced
their home
after August
of 2009
told,
"California,
and most US
states have
statutory
requirements,
that allow
for a
discounted
title
insurance
premium-if
the
homeowner
re-uses
their
existing
title
insurance
companies?"
Special Note
From The
National
Mortgage
Complaint
Center, "We
also want to
hear from
former title
insurance
company
employees
about under
the table
kickbacks,
and pay offs
to mortgage
brokers,
real estate
agents,
banks, and
State
Insurance
Commissioners.
Its still a
huge
problem, and
we intend to
expose it."
The National
Mortgage
Complaint
Center is
offering
this free
mortgage
document
review for
homeowners,
who
refinanced
after July
of 2009, as
a way to
level the
playing
field for
all future
US
homeowners.
For more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.com
The National Mortgage Complaint Center Offers Dramatic Help For
Homeowners
Cheated By
Their
Lender or Loan
Servicer
The National Mortgage Complaint Center is one of the most quoted
sources on
predatory
mortgage
lending in
the US.
Because so
many scam
artists, and
or phoney's
have gotten
into the
foreclosure,
loan
modification,
and or loan
servicing
issue
business,
the National
Mortgage
Complaint
Center is
now offering
a
comprehensive
honest
service to
help
homeowners,
who have
issues with
their
mortgage
lender, or
their loan
servicing
company. The
group is
saying,
"there is a
catch. The
catch is we
can only
help
homeowners,
who have
been making
their
monthly
payments, or
homeowners
who have
been
mistreated
by their
loan
servicing
company/bank.
We cannot
help someone
who has not
made a
mortgage
payment for
the last
year-no one
can." The
National
Mortgage
Complaint
Center's
program is
designed to
assist
honest
homeowners,
who need
assistance
with their
mortgage
mess. For
more
information
please
contact the
National
Mortgage
Complaint
Center
anytime at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
The National
Mortgage
Complaint
Center is
now offering
a
comprehensive
service for
honest US
homeowners
stuck in a
mortgage
mess with
their bank,
mortgage
lender, or
home loan
servicing
department.
The group
has been
auditing
mortgage
documents
for nearly a
decade, and
is the, or
amongst the
most quoted
sources in
the US on
the topic of
predatory
mortgage
lending. The
National
Mortgage
Complaint
Center is
now offering
services for
homeowners
who were
cheated in
the process
of getting a
home loan,
who are now
unable to
refinance
their
home-facing
foreclosure,
and or are
living
through a
nightmare
with their
loan
servicing
company
because of
misapplied
mortgage
payments.
The National
Mortgage
Complaint
Center is
initiating
this robust
effort in
the hope of
performing a
vital help
service for
US
homeowners
in the
mortgage
mess of
their lives.
The group
says, "the
most
important
reason for
us creating
this
mortgage
foreclosure,
or loan
servicing
rescue
service is
simple-most
current US
companies
offering
these types
of mortgage
help, audit,
or mortgage
rescue
services are
scam
artists, who
want a
thousand
dollars, or
thousands of
dollars up
front." The
National
Mortgage
Complaint
Center is
saying, "we
will do our
best to help
homeowners
who are
current, or
close to
current on
their
existing
mortgage,
most were
cheated. We
will also
try to help
homeowners
living
through loan
servicing
hell, with a
mortgage
company/bank
that has
misapplied
mortgage
payments-creating
a possible
foreclosure
situation."
For more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
The National
Mortgage
Complaint
Center says,
"many to
most of
these so
called
mortgage
rescue,
mortgage
help groups,
or mortgage
relief
organizations
are mortgage
lead
generation
firms, they
want
thousands up
front, and
they popped
up as soon
as the US
mortgage
crisis
began, as
another way
to rip
homeowners
off." The
group is
saying, "we
have been
around for a
long time,
and we can
really help
innocent
victims of
being
cheated by
their
mortgage
lender, or
bank loan
servicing
department-provided
they are not
months, or
years behind
on their
mortgage,
and the
consumer has
been making
their
mortgage
payment."
For honest
US
homeowners
in a
mortgage
mess, the
National
Mortgage
Complaint
Center can
help. For
more
information
please call
the National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
The National
Mortgage
Complaint
Center has
been
featured on
CNN, NPR, or
in Newsweek
Magazine,
The New York
Times, The
Wall Street
Journal,
Good
Housekeeping
Magazine,
Money
Magazine,
CBS Market
Watch, CNN
Money, the
International
Business
Times, in
the Los
Angeles
Times as
"The Good
Watchdog,
and numerous
other US, or
international
news
sources.
The National
Mortgage
Complaint
Center
charges $475
for this
service.
Consumers in
a mortgage
mess can
call the
group for a
free
consultation.
The group
says,"we
will be up
front with
consumers-if
we cannot
help them-we
will tell
them-no
charge. The
groups
service is
designed to
establish
possible
wrong doing
on the part
of a
mortgage
lender, a
bank, or
mortgage
loan
servicing
firm. If we
discover
wrong
doing-we
will contact
the lender,
or loan
servicing
company in
the hopes of
correcting
the
problem."
The National
Mortgage
Complaint
Center is
not a law
firm, and
its mortgage
audit &
inspection
service is
not an
attempt to
practice
law. For
more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
http://NationalMortgageComplaintCenter.Com
###

The National
Mortgage
Complaint
Center Warns
80 Percent
Of All USA
Homewners Are
Overpaying
Their
Property
Taxes
- The
National
Mortgage
Complaint
Center is
one of the
most quoted
sources in
the United
States on
predatory
mortgage
lending
issues, or
mortgage
issues in
general. The
group is
saying, 'we
fear over
80% of all
US
homeowners
are paying
too much on
their
property
taxes. With
the dramatic
US
residential
real estate
devaluations
we have all
seen in the
last three
years, most
US
homeowners
could be
paying 25%
to 35%, or
more on
their
property
taxes, than
they should
be.' For
more
information
please
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
Http://NationalMortgageComplaintCenter.Com
According to
the National
Mortgage
Complaint
Center,' if
a homeowner
feels like
he/she/they
are paying
higher
property
taxes than
are
realistic in
today's US
real estate
market, they
need to
contact
their
County, or
in rare
instances
their City &
County tax
assessors
office, and
get the
forms
required to
appeal their
property
taxes-at the
same time
they should
check to see
what the
assessor
says the
home is
worth, or
check the
tax
statement.'
The group
says, 'hint,
most of you
are paying
25% to 35%
more than
you should
be. In all
likelihood
you will be
required to
get an
appraisal
from an
approved, or
licensed
appraisal
firm, & the
homeowner
may have to
appear
before a
hearing
examiner, or
county tax
assessors
board, to
get your
appeal
approved.'
But the
group says,
'we think
its worth
the effort,
because the
savings
could be in
the
hundreds, if
not
thousands of
dollars, for
an average
US
homeowner.'
For more
information
please feel
free to call
the National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
Http://NationalMortgageComplaintCenter.Com
Note:
Typically an
appraisal
from a
licensed
appraisal
firm will
cost between
$350 to
$450. The
price varies
in each
state, or
metro area.
The National
Mortgage
Complaint
Center is
also saying,
'for the
100,000+
homeowners
living in
homes with
confirmed
toxic
Chinese
drywall in
Florida,
Mississippi,
Louisiana,
Alabama,
Mississippi,
Texas,
Virginia,
Georgia,
North
Carolina, or
South
Carolina,
your actual
home is
probably
worth zero.
The land may
be the only
thing of
value. You
should all
appeal your
current
property tax
bills.' For
more
information
contact the
Chinese
Drywall
Complaint
Center at
866-714-6466,
or contact
the group
via their
web site at
Http://ChineseDrywallComplaintCenter.Com
The National
Mortgage
Complaint
Center is
saying,
'these are
really tough
times, the
government
is really
great at
taking your
money, but
they rarely
say, we
overcharged
you, here's
a refund.
Please don't
get over
charged on
your
property
taxes.' The
National
Mortgage
Complaint
Center has
always been
about
consumer
protection.
Http://NationalMortgageComplaintCenter.Com
|
The
National
Mortgage
Complaint
Center
is
Warning
All
US
Homeowners
About
Mortgages,
Foreclosure
Scams
and
the
Future |
|
Americas
Watchdog's
National
Mortgage
Complaint
Center
is
warning
all
existing
US
homeowners
about
a
seemingly
endless
amount
of
new
mortgage
scams,
or
schemes,
designed
to
do
little
more
than
separate
homeowners
from
their
hard
earned
money.
The
group
is
saying,
"while
we
do
believe
interest
rates
are
going
up,
and
homeowners
with
really
good
credit,
and
actual
equity
in
their
home
should
refinance,
if
they
are
paying
more
than
6%
on
their
existing
mortgage;
don't
fall
for
some
telemarketing
scam
artist
saying
you
have
just
qualified
for
a
home
loan,
or a
unsolicited
mailer
saying
you
are
qualified
for
a
new
home
loan."
The
National
Mortgage
Complaint
Center
is
also
saying,
"for
those
of
you
in
foreclosure,
don't
fall
for
one
of
theses
scam
foreclosure
TV
ads
talking
about
President
Obama,
or
saying
they
can
help
you
with
a
bank.
If
you
call
these
frauds,
the
first
thing
out
of
their
mouth
will
be,
send
us
$3000
to
$5000,
and
we
will
try
to
get
you
some
help."
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com
(PRWEB)
October
30,
2009
--
Americas
Watchdog's
National
Mortgage
Complaint
Center
is
one
of
the
most
quoted
sources
in
the
US
related
to
predatory
mortgage
lending.
The
group
is
warning
all
US
homeowners
about
new
mortgage
scams
that
include
everything
from
loan
modifications,
to
loan
foreclosures,
and/or
mortgage
firms
that
are
trying
to
refinance
homeowners
via
telemarketing,
or
phony
mailers
that
were
not
solicited
by
the
consumer.
The
group
is
saying,
"a
TV
commercial
comes
on
with
a
picture
of
President
Obama,
and
says
we
can
help
you.
The
part
they
forgot
to
say
is,
we
may,
or
may
not
be
able
to
help
you,
but
before
we
talk,
we
need
$3000
to
$5000
from
you
up
front.
Don't
do
it."
The
National
Mortgage
Complaint
Center
is
saying,
"if
you
owe
more
than
more
than
20%,
than
your
home
is
actually
worth
in
today's
actual
real
estate
market,
you
are
toast.
You
will
not
get
refinanced,
the
best
you
can
hope
for
is a
forbearance
agreement
from
your
bank."
The
National
Mortgage
Complaint
Center
is
all
about
protecting
homeowners,
or
consumers
from
con
job
mortgage
lenders,
and
or
flim
flam
foreclosure/loan
modification
scams.
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com
Question:
Are
These
Loan
Modification,
Or
Foreclosure
TV
Ads
For
Real?
Answer:
The
National
Mortgage
Complaint
Center
is
saying,
"we
do
not
think
these
slick
TV
ads
on
loan
modifications
or
foreclosures
are
anything
but
one
more
way
to
take
a
homeowners
money,
before
they
are
forced
out
of
their
home."
The
group
is
saying,
"if
a
homeowner
in a
foreclosure
bind
really
wants
help,
call
your
state
bar
association,
to
find
out
what
law
firms
are
qualified
to
actually
help
people
craft
a
forbearance
agreement,
or
loan
modification."
The
group
is
also
saying,
"we
are
very
annoyed
with
one
or
two
of
these
so
called
loan
modification
web
sites
as
they
appear
to
have
duplicated
our
own
web
site.
We
actually
have
been
written
about
in
Money
Magazine,
Newsweek
Magazine,
The
Wall
Street
Journal,
CBS
Market
Watch,
Good
Housekeeping
Magazine,
and
the
New
York
Times.
We
see
no
proof
one
article
has
ever
focused
on
one
of
these
so
called
loan
modification
firms."
For
more
information
please
call
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Is
Now
A
Good
Time
To
Refinance?
Answer:
Yes.
According
to
the
National
Mortgage
Complaint
Center,
"because
of
mindless
federal
bailouts
we
could
see
much
higher
interest
rates
in
the
near
future.
We
are
strongly
recommending
that
any
existing
homeowner
with
a
FICO
score
of
750
or
better,
and
actual
equity
in
their
home,
refinance
right
now,
if
they
are
paying
more
than
6%
on
their
current
mortgage."
The
group
says,
"within
a
year
the
Federal
Reserve
may
be
forced
to
dramatically
raise
interest
rates
out
of
fear
of
their
ridiculous
bailouts
have
cause
inflation,
or
hyper
inflation.
If
you
are
looking
for
honest
mortgage
lenders
we
recommend
American
Interbanc,
The
James
B
Nutter
Company,
or
Bank
of
America."
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Does
The
National
Mortgage
Complaint
Center
Services
For
Homeowners
In
Foreclosure,
or
needing
a
loan
modification?
Answer:
No.
The
National
Mortgage
Complaint
Center
does
not
offer
foreclosure
or
loan
modification
services
to
consumers.
However,
the
National
Mortgage
Complaint
Center
will
offer
inspection
services
to
actual
lawyers
or
law
firms
with
actual
predatory
mortgage
lending
issues.
Lawyers
are
always
welcome
to
call
the
National
Mortgage
Complaint
Center
for
analysis
of
possible
predatory
mortgage
lending
problems.
For
more
information
actual
lawyers
can
call
the
National
Mortgage
Complaint
Center
anytime
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Does
The
National
Mortgage
Complaint
Center
Offer
A
Necessary
Service
For
All
Homeowners?
Answer:
Yes.
The
National
Mortgage
Complaint
Center
offers
a
mortgage
document
inspection
for
$75,
for
any
consumer
who
is
about
to
finance,
or
refinance
their
home.
The
mortgage
document
inspection
includes,
a
narrative
report
that
looks
at
possible
junk
mortgage
fees,
inflated
interest
rates,
junk
title
insurance
fees
and/or
other
issues
involving
the
mortgage
lender
overcharging
the
consumer.
The
group
says,
"any
consumer
or
homeowner
about
to
finance
or
refinance
their
home
should
utilize
our
very
unique
mortgage
inspection
to
make
certain
they
are
not
being
over
charged,
or
gouged
by
their
mortgage
broker,
or
bank."
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
The
group
says,
"every
honest
real
estate
agent
should
have
the
National
Mortgage
Complaint
Center
linked
to
their
web
site.
Our
mortgage
inspection
service
will
insure
their
client
gets
treated
fairly
by a
mortgage
lender."
|
The National
Mortgage C
|
The National Mortgage Complaint Center is Warning All US Homeowners About Mortgages, Foreclosure Scams and the Future
Posted 30 October 2009 @ 03:26 am ET
|
|
|
Americas
Watchdog's
National
Mortgage
Complaint
Center
is
warning
all
existing
US
homeowners
about
a
seemingly
endless
amount
of
new
mortgage
scams,
or
schemes,
designed
to
do
little
more
than
separate
homeowners
from
their
hard
earned
money.
The
group
is
saying,
"while
we
do
believe
interest
rates
are
going
up,
and
homeowners
with
really
good
credit,
and
actual
equity
in
their
home
should
refinance,
if
they
are
paying
more
than
6%
on
their
existing
mortgage;
don't
fall
for
some
telemarketing
scam
artist
saying
you
have
just
qualified
for
a
home
loan,
or a
unsolicited
mailer
saying
you
are
qualified
for
a
new
home
loan."
The
National
Mortgage
Complaint
Center
is
also
saying,
"for
those
of
you
in
foreclosure,
don't
fall
for
one
of
theses
scam
foreclosure
TV
ads
talking
about
President
Obama,
or
saying
they
can
help
you
with
a
bank.
If
you
call
these
frauds,
the
first
thing
out
of
their
mouth
will
be,
send
us
$3000
to
$5000,
and
we
will
try
to
get
you
some
help."
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com
(PRWEB)
October
30,
2009
--
Americas
Watchdog's
National
Mortgage
Complaint
Center
is
one
of
the
most
quoted
sources
in
the
US
related
to
predatory
mortgage
lending.
The
group
is
warning
all
US
homeowners
about
new
mortgage
scams
that
include
everything
from
loan
modifications,
to
loan
foreclosures,
and/or
mortgage
firms
that
are
trying
to
refinance
homeowners
via
telemarketing,
or
phony
mailers
that
were
not
solicited
by
the
consumer.
The
group
is
saying,
"a
TV
commercial
comes
on
with
a
picture
of
President
Obama,
and
says
we
can
help
you.
The
part
they
forgot
to
say
is,
we
may,
or
may
not
be
able
to
help
you,
but
before
we
talk,
we
need
$3000
to
$5000
from
you
up
front.
Don't
do
it."
The
National
Mortgage
Complaint
Center
is
saying,
"if
you
owe
more
than
more
than
20%,
than
your
home
is
actually
worth
in
today's
actual
real
estate
market,
you
are
toast.
You
will
not
get
refinanced,
the
best
you
can
hope
for
is a
forbearance
agreement
from
your
bank."
The
National
Mortgage
Complaint
Center
is
all
about
protecting
homeowners,
or
consumers
from
con
job
mortgage
lenders,
and
or
flim
flam
foreclosure/loan
modification
scams.
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Are
These
Loan
Modification,
Or
Foreclosure
TV
Ads
For
Real?
Answer:
The
National
Mortgage
Complaint
Center
is
saying,
"we
do
not
think
these
slick
TV
ads
on
loan
modifications
or
foreclosures
are
anything
but
one
more
way
to
take
a
homeowners
money,
before
they
are
forced
out
of
their
home."
The
group
is
saying,
"if
a
homeowner
in a
foreclosure
bind
really
wants
help,
call
your
state
bar
association,
to
find
out
what
law
firms
are
qualified
to
actually
help
people
craft
a
forbearance
agreement,
or
loan
modification."
The
group
is
also
saying,
"we
are
very
annoyed
with
one
or
two
of
these
so
called
loan
modification
web
sites
as
they
appear
to
have
duplicated
our
own
web
site.
We
actually
have
been
written
about
in
Money
Magazine,
Newsweek
Magazine,
The
Wall
Street
Journal,
CBS
Market
Watch,
Good
Housekeeping
Magazine,
and
the
New
York
Times.
We
see
no
proof
one
article
has
ever
focused
on
one
of
these
so
called
loan
modification
firms."
For
more
information
please
call
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Is
Now
A
Good
Time
To
Refinance?
Answer:
Yes.
According
to
the
National
Mortgage
Complaint
Center,
"because
of
mindless
federal
bailouts
we
could
see
much
higher
interest
rates
in
the
near
future.
We
are
strongly
recommending
that
any
existing
homeowner
with
a
FICO
score
of
750
or
better,
and
actual
equity
in
their
home,
refinance
right
now,
if
they
are
paying
more
than
6%
on
their
current
mortgage."
The
group
says,
"within
a
year
the
Federal
Reserve
may
be
forced
to
dramatically
raise
interest
rates
out
of
fear
of
their
ridiculous
bailouts
have
cause
inflation,
or
hyper
inflation.
If
you
are
looking
for
honest
mortgage
lenders
we
recommend
American
Interbanc,
The
James
B
Nutter
Company,
or
Bank
of
America."
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Does
The
National
Mortgage
Complaint
Center
Services
For
Homeowners
In
Foreclosure,
or
needing
a
loan
modification?
Answer:
No.
The
National
Mortgage
Complaint
Center
does
not
offer
foreclosure
or
loan
modification
services
to
consumers.
However,
the
National
Mortgage
Complaint
Center
will
offer
inspection
services
to
actual
lawyers
or
law
firms
with
actual
predatory
mortgage
lending
issues.
Lawyers
are
always
welcome
to
call
the
National
Mortgage
Complaint
Center
for
analysis
of
possible
predatory
mortgage
lending
problems.
For
more
information
actual
lawyers
can
call
the
National
Mortgage
Complaint
Center
anytime
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
Question:
Does
The
National
Mortgage
Complaint
Center
Offer
A
Necessary
Service
For
All
Homeowners?
Answer:
Yes.
The
National
Mortgage
Complaint
Center
offers
a
mortgage
document
inspection
for
$75,
for
any
consumer
who
is
about
to
finance,
or
refinance
their
home.
The
mortgage
document
inspection
includes,
a
narrative
report
that
looks
at
possible
junk
mortgage
fees,
inflated
interest
rates,
junk
title
insurance
fees
and/or
other
issues
involving
the
mortgage
lender
overcharging
the
consumer.
The
group
says,
"any
consumer
or
homeowner
about
to
finance
or
refinance
their
home
should
utilize
our
very
unique
mortgage
inspection
to
make
certain
they
are
not
being
over
charged,
or
gouged
by
their
mortgage
broker,
or
bank."
For
more
information
please
contact
the
National
Mortgage
Complaint
Center
at
866-714-6466,
or
contact
the
group
via
its
web
site
at
Http://NationalMortgageComplaintCenter.Com.
The
group
says,
"every
honest
real
estate
agent
should
have
the
National
Mortgage
Complaint
Center
linked
to
their
web
site.
Our
mortgage
inspection
service
will
insure
their
client
gets
treated
fairly
by a
mortgage
lender."
|
The
National
Mortgage
Complaint
Center Wants
To Team Up
With Actual
Law Firms To
Assist
Homeowners
With Loan
Modifications
and
Foreclosures
According to
the National
Mortgage
Complaint
Center, "the
Internet, TV
and radio
are filled
with groups
offering to
do loan
modifications
or save a
homeowner
from
foreclosure.
There is one
slight
problem --
typically
these are
not actual
law firms;
more often
than not,
these groups
are schemers
trying to
bilk a
homeowner
one last
time, before
they lose
their home."
The group
says, "there
will be
record
numbers of
foreclosures
in 2009 and
2010 and we
want to
create a
list, to be
posted on
our web
site, of
actual law
firms in
each state
that
actually
have the
ability to
assist a
homeowners
facing
foreclosure."
For more
information
law firms
with a real
estate,
consumer or
bankruptcy
practice
should call
the National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
Http://NationalMortgageComplaintCenter.Com.
(PRWEB)
June 22,
2009 -- The
National
Mortgage
Center is
one of the
most quoted
sources in
the US on
predatory
mortgage
lending and
the group is
initiating a
campaign to
list real
law firms on
its web
site, in
order to get
real help
for
homeowners
needing a
loan
modification,
or
foreclosure
assistance,
in each US
State. The
group is
saying, "we
are sick and
tired of the
phony TV
ads, the
misleading
radio
commercials,
and the
fraudulent
web sites,
offering
loan
modifications,
and/or
foreclosure
relief from
non
attorneys.
We want to
put an end
to this by
listing real
attorneys or
law firms in
each state
that
actually
have the
ability to
assist
consumers
with loan
modifications
and/or
foreclosures."
For more
information,
lawyers or
law firms
that have a
practice
area in real
estate,
foreclosures,
bankruptcy,
or short
sales should
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
Http://NationalMortgageComplaintCenter.Com.
From a
credibility
standpoint,
the National
Mortgage
Complaint
Center
actually has
been
featured on
CNN, NPR, or
in Newsweek
Magazine,
Money
Magazine,
the Wall
Street
Journal,
Good
Housekeeping
Magazine,
CNN Money,
The Los
Angeles
Times (As
The Good
Watchdog),
CBS Market
Watch, and
numerous
other
publications.
According to
the group,
"we expect
the 2009 and
2010
foreclosure
situation to
get worse,
and we need
real
attorneys or
law firms to
help these
people." For
more
information
law firms or
attorneys
can contact
the National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group
via its web
site at
Http://NationalMortgageComplaintCenter.Com.
According
to the
National
Mortgage
Complaint
Center, "we
want to put
the phonies
out of
business; we
intend to
list
attorneys or
law firms in
each state
that have
the proper
skill sets
to help
homeowners
with
mortgage or
foreclosure
issues, and
we will do
weekly press
releases for
years to
make sure
consumers in
their state
know where
to go or how
to get help.
The group
will allow
no more than
two law
firms in
each state
to
participate;
this
initiative
is based on
first come,
first come,
first serve,
and its
intent is to
really get
some help
for
homeowners
in what
could be the
worst mess
of their
life. The
cost for
participation
is $425 for
a law firm,
and the law
firm must be
based in the
state it
offers the
foreclosure,
loan
modification,
bankruptcy
law, or
short sale
assistance.
For more
information
law firms
that
specialize
in real
estate law,
bankruptcy
law,
foreclosures,
short sales,
or consumer
law should
contact the
National
Mortgage
Complaint
Center at
866-714-6466,
or contact
the group at
its web site
at
Http://NationalMortgageComplaintCenter.Com.
If a real
estate
professional
or law firm
knows of a
colleague
with these
specialties,
please share
this press
release with
them. |
Americas Watchdog Blasts
The US Congress For A
Mortgage Fee Kickback That
Affects Most US Homeowners
For over five years Americas
Watchdog's National Mortgage
Complaint Center have been
attacking a gigantic
mortgage kickback scheme
called a yield spread
premium. What is a yield
spread premium? "A yield
spread premium is a mortgage
kickback fee a bank,
mortgage banker or mortgage
broker gets for inflating a
borrowers interest rate.
Banks & mortgage bankers get
the very same kickback, they
just don't have to disclose
it-brokers do. Why is this
timely? Millions of
Americans are losing their
homes because of mortgage
products that were built
around the yield spread
premium. The National
Mortgage Complaint Center's
Web site is located at
Http://NationalMortgageComplaintCenter.Com.
(PRWEB) April 6, 2009 --
Americas Watchdog and its
National Mortgage Complaint
Center have been blasting
away at the worst mortgage
double standard in US
history, called a yield
spread premium for years--to
an unreceptive US Congress.
What is a yield spread
premium? A yield spread
premium is a kickback a
mortgage broker, bank or
mortgage banker gets for
inflating a homeowner's
interest rate/monthly
mortgage payment, over the
best rates available.
According to Americas
Watchdog's National Mortgage
Complaint Center, "the
reprehensible part about
this yield spread premium
double standard, is mortgage
brokers rarely if ever
explain, or tell the
homeowners about this fee,
that is typically in the
thousands of dollars, even
though they are required to
disclose it. Banks on the
other hand, have no such
disclosure requirement, even
though they get they exact
same kick back." The
National Mortgage Complaint
Center's web site is located
at Http://NationalMortgageComplaintCenter.Com.
* How many US homeowners
have been conned by the
yield spread premium kick
back scheme? The National
Mortgage Complaint Center
estimates its over 95%+ of
all existing US homeowners.
* How much is the typical
yield spread premium? The
National Mortgage Complaint
Center estimates its between
$2500 to $5000 per
homeowner, or about $100 to
$300 per month in higher
monthly mortgage payments,
per homeowner.
* Why is this wrong?
According to the National
Mortgage Complaint Center,
"any kind of kickback is
wrong. We are in the worst
mortgage mess in our nations
history, and the yield
spread premium kick back
scheme has a lot to do with
it. Most mortgage brokers
went crazy from 2002-2007
gouging homeowners with
poorly disclosed yield
spread premiums, & banks and
mortgage bankers did the
very same thing-they just
didn't have to disclose it."
* Why do mortgage brokers
have to disclose a yield
spread premium & bank and
mortgage bankers do not?
"The reason for the yield
spread premium kick back
scheme double standard is
really easy. Banks, mortgage
bankers and homebuilders
give a lot more money to the
US Congress than do mortgage
brokers. As a result we get
a poorly disclosed mortgage
fee double standard, that
has literally cost US
homeowners hundreds of
billions of dollars over the
years in higher mortgage
payments."
A prayer for relief from the
Obama Administration: The
National Mortgage Complaint
Center says, "African
Americans and working class
Americans have been
disproportionately affected
by this ridiculous yield
spread premium double
standard. We literally sat
in a McDonalds, in
Compton/Watts, California in
2006, and reviewed, now
under investigation
Countrywide Home Loan
documents, where the
homeowner was being offered
a no appraisal fee, no
credit check, $10,000 money
back loan." According to the
group, there was just one
slight problem, "Countrywide
had just refinanced the
borrower six months earlier
& the new loan came with a 4
point discount fee.
Countrywide had no
obligation to tell the
unsuspecting borrower they
were also making extra
undisclosed thousands of
dollars on the deal, because
they were a bank, & banks
and mortgage bankers do not
have to disclose the yield
spread premium mortgage kick
back scheme. Other banks and
mortgage bankers were also
doing this. Many of these
people have since lost their
homes."
According to Americas
Watchdog's National Mortgage
Complaint Center, the US
Congress has to stop taking
campaign donations, if the
member sits on a
Congressional, or Senate
Committee, that has
oversight responsibility
over the industries, or
groups, that as it turns out
are the Congress person's or
Senator's biggest campaign
donators. Congress and the
US Senate need to
immediately push through
reforms that require banks
and mortgage bankers to
disclose mortgage kickbacks
called yield spread
premiums--just like mortgage
brokers are required to do.
"The US economy is in a
shambles in part because of
banks, mortgage bankers,
homebuilders, and even
mortgage brokers deceiving
consumers with the yield
spread premium kick back
scheme. If homeowners had
actually seen what the bank,
mortgage banker, or broker
was actually making on the
deal, we don't think the
homeowner would have done
the loan."
Americas Watchdog's National
Mortgage Complaint Center is
all about consumer
protection and corporate
responsibility. Their web
site is located at
Http://NationalMortgageComplaintCenter.Com.
Americas Watchdog Wants To
Talk With Countrywide and
Washington Mutual Employees
About Loan Serving Practices
PRWeb
Posted: 2008-11-17 02:05:00
Americas Watchdog and
its National Mortgage
Complaint Center
enlarging the scope of
its national
investigation of the
loan servicing practices
of Washington Mutual,
Countrywide Home Loans
and other mortgage loan
servicers, that might be
engaged in anti consumer
practices in their
mortgage loan servicing.
Both Washington Mutual
and Countrywide Home
Loans are the subjects
of numerous class
actions and
federal/state
investigations. If a
current or former
employee of Washington
Mutual, Countrywide Home
Loans or other mortgage
servicing firms have
specific information
about anti-consumer
practices related to
home mortgage servicing,
the National Mortgage
Complaint Center would
like to hear from them.
Individuals with
specific information can
call the National
Mortgage Complaint
Center anytime at
866-714-6466 or visit
their web site at
http://NationalMortgageComplaintCenter.com
(PRWEB) November 17,
2008 -- Americas
Watchdog's National
Mortgage Complaint
Center is intensifying
the scope of its
national investigation
of Washington Mutual &
Countrywide Home Loans
mortgage servicing
practices. According to
Americas Watchdog, "we
want to hear from
current or former
employees who have
specific information
about loan servicing
practices that may take
advantage of borrowers,
or put borrowers at
risk." Individuals with
specific information
should call the National
Mortgage Complaint
Center at 866-714-6466
or visit their web site
at
http://NationalMortgageComplaintCenter.com
The National Mortgage
Complaint Center wants
to hear from former
Washington Mutual,
Countrywide, or other
home loan mortgage
servicing companies with
specific information
about the following:
-
Overcharging
borrowers for fees
and expenses.
-
Basing charges on
estimated rather
than actual fees and
expenses.
-
Possible
misapplication of
the borrowers
mortgage payment,
resulting with the
borrower showing
late when in fact
they were current.
-
Possible
misapplication of
the homeowners
reserve payment for
taxes and insurance,
that results in a
borrower showing as
late.
-
Possible intentional
putting homeowners
into forced placed
insurance even
though the borrower
had a current
homeowners insurance
policy that was
current.
-
Possible alteration
and/or destruction
of documents,
including faxes from
borrowers, that
would demonstrate
the borrower was
current.
The National Mortgage
Complaint Center has
been investigating
mortgage servicing
practices for half a
decade. According to
Americas Watchdog, "if
most Americans saw how
bad mortgage servicing
is in the US there would
be a homeowners revolt.
We think poor mortgage
servicing abusive
practices are widespread
and we need to hear from
courageous current or
former employees to try
to help millions of US
homeowners, who may have
been mistreated in the
mortgage payment
process." Individuals
with specific
information can call the
National Mortgage
Complaint Center anytime
at 866-714-6466 or visit
their web site at
http://NationalMortgageComplaintCenter.com
Americas Watchdog & its
National Mortgage
Complaint Center are all
about consumer
protection and corporate
responsibility.
###
Consumer Advocates Disclose the
Yield Spread Premium Kick Back on
Mortgages
RISMEDIA, Jan. 8, 2008-For the last
four years Americas Watchdog has
been vocal about double standards
that exist in the U.S. mortgage
industry. Because of these double
standards, Americas Watchdog
estimates that 9 out of 10 current
U.S. homeowners pay a higher monthly
mortgage payment than what they
could have, or should have received
when they financed or refinanced
their home.
A “yield spread premium” is a kick
back that banks or mortgage lenders
receive for inflating a consumer’s
interest rate on a home loan.
According to Americas Watchdog,
“mortgage brokers have to disclose
this kickback to consumers, but
banks and mortgage bankers are
exempt from this disclosure
requirement”. Also known as a
rebate; according to Americas
Watchdog, “yield spread premiums
have a whole lot to do with the
current US real estate disaster. Had
U.S. consumers actually been able to
see what their bank, or mortgage
banker was making off their mortgage
transaction, or how much it
increased their monthly mortgage
payment, most consumers never would
have agreed to do the mortgage in
the first place.”
According to Americas Watchdog and
its National Mortgage Complaint
Center, “the U.S. Congress and
consecutive White House
Administrations have failed to
require banks, mortgage bankers and
home builders to disclose the yield
spread premium kick back, because
these business groups are some of
the largest campaign donors to
members of Congress, the U.S.
Senate, and consecutive White House
Administrations”. Americas Watchdog
added, “if most citizens want to
know why we have an epic real estate
disaster in the U.S., one needs look
no further than Washington D.C. and
an army of paid lobbyists to see how
it happened”. Americas Watchdog went
on to say, “Wall Street is also
complicit in the U.S. mortgage
disaster because most of the biggest
investment bankers, and financial
advisers sold US pension funds
garbage mortgage loan portfolios,
that now could literally bankrupt
many of our nation’s pension funds.”
So how bad is the mortgage yield
spread premium kick back issue?
According to the National Mortgage
Complaint Center, “it’s so bad that
only 1 out of 100 consumers even
know what it is. Even worse, on
mortgage broker transactions, where
the broker is required to disclose
the yield spread premium kick back,
only 2 percent of all consumers even
know what it was, or how it affected
their monthly mortgage payment.”
On mortgage loans or refinances from
a bank or mortgage banker there is
no requirement to even disclose the
kickback, even though like mortgage
brokers, they get these kick backs
too. Americas Watchdog’s President
estimates “the average U.S.
homeowner pays about $125 more per
month, because a bank, mortgage
banker or home builder failed to
mention that they received thousands
of dollars for inflating an
unsuspecting consumer’s interest
rate over the best interest rates
available. In the end an
unsuspecting consumer simply ends up
with a much higher monthly mortgage
payment”.
So what immediate federal
reforms are needed with respect to
U.S mortgages/home loans?
1. Mortgage
brokers, banks, mortgage bankers and
home builders acting as mortgage
lenders, should all be required to
disclose to the consumer the yield
spread premium kick back they are
getting for inflating the borrowers
interest rate, & what difference
this will make in the borrowers
monthly mortgage payment.
2. Banks, mortgage
bankers and home builders acting as
mortgage lenders should be required
to disclose the “service release
premium” (SRP) they get for selling
a consumers mortgage to a loan
servicer. A SRP is typically $1500
to $3000, and the home loan borrower
should see this fee up front, in
order to fully understand what the
lender is actually making on the
mortgage transaction.
3. According to the
group, it should be illegal for
banks, mortgage bankers or home
builders to be set up phony title
insurance companies, and then resell
the title insurance policy to a
title insurance company for pennies
on the dollar. The National Mortgage
Complaint Center has proof national
home builders are deeply involved in
this scheme.
According to the group, “it’s an
election year and voters need to see
how their Congress person or US
Senator participated in this
disaster. A bribe from special
interest group is still a bribe, and
millions of U.S. homeowners have
been cheated, gouged and many may
now lose their home.”
If a homeowner or home buyer intends
to finance or refinance a home loan
in 2008, the National Mortgage
Complaint Center is encouraging all
consumers to call its national toll
free number for the name of a honest
mortgage lender that can help them
with a conventional, FHA or VA
mortgage.
For more information, visit
http://HomeOwnersConsumerCenter.com.
2005
Taking Out
The Garbage-San Francisco Chronicle
July 2005
TAKING OUT THE
GARBAGE
The average mortgage borrower pays
$1,250 in junk fees. Here's how to
identify them -- and maybe not pay
them at all By Lew Sichelman
Special to The
Chronicle
Lew Sichelman,
Special to The Chronicle
Sunday, July 10, 2005
Most people facing
surgery wouldn't go under the knife
without first seeking a second
opinion. After all, an operation can
be a life-altering event.
Buying a house also
is a major episode in people's
lives. Often it is the largest
investment most of us will ever
make. And now there's a place you
can turn to for a second opinion
about your mortgage, another set of
eyes to look over the lender's
charges to make sure they are fair
and reasonable -- before you sign on
the dotted line.
Is such scrutiny
necessary?
Absolutely, according
to Thomas Martin of the National
Mortgage Complaint Center in
Seattle, who says borrowers pay
$1,250 more on average in closing
costs than necessary.
Martin, who has been
reviewing loan documents for about a
half-dozen years on behalf of
consumers and class-action
attorneys, says 3 out of every 4
borrowers are charged more than
their loan officers had told them
they would be.
"On an average day,"
he said, "I look at maybe 15
HUD-1s," the industry term for the
government-proscribed form most
lenders use to list the various
settlement charges borrowers are
required to pay. "Every time I think
I've seen it all, a new trick or
angle pops up, It's really
discouraging."
Stephen O'Connor,
vice president of government affairs
at the Mortgage Bankers Association
in Washington, would not dispute
Martin's findings, saying that he
couldn't comment until he reviewed
the settlement sheets and "looked at
all the factors."
But he did say the
research "underscores the need" for
the mortgage reform proposals long
advocated by the Department of
Housing and Urban Development.
"One of the reasons
the White House is calling for a
package of closing costs at a
guaranteed price is so that
consumers can shop fees as well as
rates," he said. In the latest
sample of 1,347 loans, Martin's
Justice & Integrity Project found
that the typical application fee was
$177. Yet some borrowers were hit
for as much a $650, almost four
times the average.
Half of all borrowers
also were charged a document
preparation fee averaging $254. But
in at least one instance, a borrower
was charged $475. Also, 1 out of 3
borrowers was required to pay a
funding fee, typically of $71. But
Martin found at least one who paid
$275, again almost four times the
average.
Lenders have always
padded their bottom lines to some
degree with these and other junk, or
garbage, fees. But everybody who
should know better -- real estate
agents and title representatives, in
particular, but federal and state
regulators, too -- has tended to
look the other way. After all,
nobody wants to be the one to blow
the deal.
But during the past
few years, Martin says, the degree
to which borrowers have been cheated
or overcharged with duplicative or
needless fees has grown to epidemic
proportions.
Because the flood of
easy-to-originate refinance loans
has all but dried up, he reasons,
many lenders have been forced to try
to squeeze every dollar they can out
of consumers who seek more
labor-intensive purchase-money
mortgages.
"They're trying to
make each deal more profitable to
keep their doors open," Martin said.
To protect yourself,
you should go over the good faith
estimate of anticipated closing
costs that your lender is required
to give you within three days of
applying for a mortgage. That is, if
you get one.
Even though the good
faith estimate is required by
federal law, Martin's research has
found that some don't see the
document until a few days or hours
before closing. Others don't see it
until they sit down at the
settlement table. Some have told him
they never saw one at all.
In a yearlong study
completed in 2004, Martin found that
only 1 in 4 borrowers ever received
this all-important document.
Unfortunately, the
time to unearth overcharges and make
sure you don't have to pay more than
the going rate or perhaps not pay
them at all is as soon after you
receive your estimate as possible.
So if you don't receive one within
the allotted time limit, call your
lender and demand that one be sent
right away.
"Don't wait until
closing day" to challenge
unnecessary fees, Martin said.
"That's what most people do. We all
tend to put things off until the
last minute. It's still not too late
if you do -- if you are prepared to
walk away from the deal.
"The problem is most
folks show up at closing with the
moving van already loaded, just
itching to get into their new
places, so waiting until the moment
of truth is, indeed, too late."
If you don't feel
competent to divine what's fair and
what's not, Martin's firm will do it
for you. For $35, the National
Mortgage Complaint Center (www.americaswatchdog.com)
will run your good faith estimate
through its system and determine
whether you are being overcharged
and by how much.
Is it worth it? Jim
Lowman of Baltimore says it is. The
complaint center "was instrumental
in helping me save over $2,000 in
uncalled for mortgage fees before I
closed on my loan," he said, "That
$35 was the best investment I ever
made."
Martin not only looks
for duplicate and excessive fees,
line by line, but also looks for
terms and conditions you might not
be aware of, such as prepayment
penalties and undisclosed or hidden
charges the lender that is funding
your loan might be paying the
mortgage broker that originates the
loan.
These behind-the-back
payments are known as yield-spread
premiums. Of the 1,000-plus loans he
studied in his most recent survey,
97 percent of the borrowers had no
idea the broker received extra
compensation, Martin says.
How to take out the
garbage fees
Anyone who protests
junk fees should do so in writing. A
phone call won't do, warns Thomas
Martin of the National Mortgage
Complaint Center.
"Write a letter and
ask the lender to explain the
charges or rescind them, and request
that the lender's response be in
writing, too," Martin advised.
"Everything should be writing --
your letter, the response letter and
any offer to lower or eliminate the
fees -- so you can have a record
when you arrive at settlement."
If you aren't
satisfied, don't be afraid to walk
away from the loan and go elsewhere,
even if you've already anted up $300
to $400 for an appraisal and credit
report.
Martin says the very
purpose of making borrowers pay
these fees in advance is to prevent
them from taking their business to a
rival. To protect yourself, Martin
says you should insist on paying for
the appraisal and credit report at
closing.
If you pay in advance
and decide to leave, he says, demand
copies. After all, you paid for
them, so they are rightfully yours..
How to Prevent
Excessive Loan Fees
by Lew Sichelman
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Whether you are looking to
finance a new house or
refinance the one you're
already in, you can protect
yourself from being
overcharged by following
this list of "dos and
don'ts" from the National
Mortgage Complaint Center, a
for-profit company which
inspects loan documents for
unnecessary and duplicative
lender fees prior to
closing.
Do:
Check out any lender with
whom you are considering
doing business. Check with
your local better business
bureau, consumer affairs
agency and the state agency
which supervises the
mortgage business. Find out
if any complaints have been
lodged against them, the
nature of the complaints and
how they were resolved.
Ask each lender to give you
a quote that includes not
only the interest rate but
also all the fees associated
with the mortgage. And make
the request before allowing
them to run your credit
report. You should be honest
about how good or bad your
credit history is, but you
should not have to pay for a
credit report or anything
else in advance of obtaining
a quote and actually making
a formal application for a
mortgage.
Remind the lender that he is
required by law to provide a
Truth in Lending statement
and a Good Faith Estimate of
your closing costs within
three days of applying for
the loan. Don't just remind
the lender, though, but also
inform him that you expect
him to comply with these
federal regulations. No
excuses.
Confirm in writing whether
you will be paying the
broker twice, once in the
form of an origination fee
and again in the form of a
"yield spread premium." YSPs
are back-end fees which are
paid by the funding lender
to the broker for landing
customers willing to pay a
higher interest rate.
There are reasons why a
borrower might be willing to
pay more. You might want to
roll the closing costs into
the loan amount, for
example, or you might want
to borrow more than the
house is actually worth. But
you also have a right to
know if the broker is
double-dipping. According to
Thomas Martin, president of
the National Mortgage
Complaint Center, "yield
spread premiums are the
number one source of
overcharges in the mortgage
industry."
Also confirm whether or not
the loan you are seeking
comes with a prepayment
penalty for paying off the
mortgage early, typically
within the first three
years.
If the lender is unwilling
to make either of these two
disclosures in writing,
Martin strongly suggests
that you "find another
mortgage lender."
Have NMCC or some other
reliable but also
independent third party
review the loan documents
for possible overcharges or
unjustified fees. The
complaint center
charges $45 for a narrative
report detailing the fees it
finds excessive.
Don't:
Do not be swayed by slick TV
and radio ads. Some may be
from legitimate lenders, but
many are from companies
which act as nothing more
than middlemen who charge
lenders for sending them
"leads." Do your own
homework.
According to Martin, "These
middlemen frequently get
huge fees for sending the
borrower to the most
expensive lenders, with the
net result being, you end up
paying more money."
Do not be fooled by offers
that sound too good to be
true. If it sounds too good
to be true, it usually isn't
true at all.
Do not sign any papers in
which the blanks are not
completely filled in or
crossed out. And don't be
talked into fibbing on your
loan application by someone
who says "everybody does
it." It is illegal to
falsify loan documents.
Don't go with the builder's
in-house lender just because
it is convenient to do so.
Compare what the builder is
offering to the rates and
fees other lenders charge.
His may or may not be the
best deal, and sometimes the
builder will sweeten the pot
to gain control over the
entire transaction.
But remember, builders who
also act as lenders are
earning the same fees -- or
maybe higher fees -- that
other lenders charge.
Martin, who has reviewed
thousands of transactions on
behalf of borrowers, says
some of the highest charges
he's seen come from builders
acting as mortgage brokers.
Do not allow yourself to be
forced into closing the loan
if you don't understand all
the terms or if the terms
don't match what you were
told in the beginning. Give
yourself some leeway – at
least several days – between
closing on the mortgage and
moving into the new house so
that if something isn't
satisfactory, you won't be
stuck with a loaded moving
van and a car full of
screaming kids waiting to
get into their new digs.
Realize that both the lender
and the seller have just as
much incentive to close as
you do. So if something
isn't right, stick to your
guns. Make one of them
flinch first.
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Homeowners Beware Of
TV/Internet Mortgage Services and
National Mortgage Referral Services
(Press Release)
by Mike Adams, the Health Ranger,
NaturalNews Editor
According to a just released report
by the National Mortgage Complaint
Center, homeowners wishing to
finance or refinance their homes
should consider steering clear of
any mortgage service/mortgage
referral service that promotes
itself on TV or the Internet as a
way to get mortgage firms to fight
for their business, or as your
helpful way to "get rid of debts or
credit card bills".
According to the report, in the vast
majotity of cases inspected, the
lenders that would fight each other
to give the homeowner "the best
possible deal", were in many cases
the very same lenders that have a
reputation for gouging or over
charging consumers nationwide (one
lender that came up very often as a
"competitive lender" is under
investigation by numerous state
attorney general's for gouging
consumers). According to Thomas
Martin, President of the National
Mortgage Complaint Center, "this
could be the biggest case of
individual or massive fraud in US
History, because the homeowner does
not know who/what they are dealing
with. In many to most cases studied,
the Internet mortgage lender/
mortgage referral service
appeared to be getting the most
money out of the homeowner in fees,
or in excessive interest rates". As
a solution Martin suggested, "keep
it local, deal with people you know,
or deal with companies that have
been around for a while".
Martin went onto say that his
"biggest worry is mortgage firms
promoting exotic interest only
mortgage products that have starting
interest rates as low as 1.5 percent
to 2 percent", "or mortgage firms
that charge excessive interest rates
using the excuse that its better
than paying for a huge
credit card bill". "At some
point reality will set in, and
homeowners will realize that
they received a mortgage
interest rate that was much
higher than what they deserved/could
have received, the homeowner will
realize that the mortgage lender's
fees were excessive, and or the
homeowner will be put in a position;
no longer able to afford his/her
mortgage payments". As a result
Martin predicts a huge new wave of
forclosures starting sometime early
next year. While Martin claimed to
have identified a few honest
companies on the Internet/TV, he
indicated that the majority should
not be trusted with something as
important as a
home loan or the largest
financial transaction in a typical
persons life. At the same time
Martin pointed out, "without federal
laws that level the disclosure
playing field between Mortgage
Brokers & Mortgage Bankers regarding
a kickback scheme called a yield
spread premium", "the consumers have
no chance of getting a fair or fully
discosed deal". Currently
banks and mortgage bankers are
not required to disclose a kick back
for increasing the borrowers
interest rate, while mortgage
brokers must disclose it. Martin
attributes this un-even playing
field to campaign "contributions"
from banks & mortgage bankers to the
US House & Senate Banking Committee
Members along with the current and
previous federal administrations.
Martin indicated; "most disturbing
of all; the working class, the
elderly and or minority groups are
the most vulnerable to the Internet
mortgage referal service or TV ads
that say "we can help you", or "we
can send you $10,000 right away to
pay off your debts", or "we can get
25,000 banks to fight to the death
over your mortgage". According to
Martin it would be more correct for
these lenders or mortgage referral
services to say; "Call us so we can
help ourselves to your home's
equity, or call us so we or our
friends can rob you blind". Martin
also expressed a deep concern that
these same types of companies force
appraisers to come up with
unrealistic valuations to qualify a
medium, or low income borrower, for
a home loan they cannot afford.
Martin described this type of
appraisal fraud as a "train wreck
waiting to happen", and he indicates
inflated appraisals are happening at
historic levels nationwide.
If you think you have been a victim
of being gouged in an TV/Internet
mortgage transaction or by a
mortgage referral service you should
contact the National Mortgage
Complaint Center for a thorough
review of your documents. The
National Mortgage Complaint Center
web site is located at
http://NationalMortgageComplaintCenter.Com/.
If you have information as a current
or former employee of a mortgage
origination TV/Internet operation or
a mortgage referral service that
took advantage of consumers, or if
you are an employee of an appraisal
service that was forced to provide
false valuations on bank or a
mortgage lender's orders, you are
also encouraged to contact the
National Mortgage Complaint Center.
2004---Mortgage Bait &
Switch
Borrowers Beware Of Bait & Switch
According to the
National Mortgage Complaint Center,
the number of fraud cases in the
mortgage has increased over the
recent years. Mortgage companies
have been using false documents and
getting them signed by borrowers.
Many of them have even charged high
interest rates and borrowers have
been making such high interest
payments due to lack of awareness on
recent market trends.
It is found out that
an average homeowner in the United
States has to pay $1250 more in
sub-prime mortgage industry.
Sub-rime mortgage are offered to
high risk borrowers who may have
been rejected by other lenders. In
recent years this industry has seen
a considerable growth with a lot of
consumers getting qualified for this
loan. Consumers who face difficulty
with the credit market are generally
availing this loan. But, this growth
has simultaneously given rise to
predatory lending affecting the most
vulnerable lenders. This kind of
abusive lending is generally
directed to the lower income and
minority borrowers. Generally the
elderly homeowners with reduced
incomes become the target of these
sub-prime home equity lenders as
they often have considerable amount
of equity in their homes. The most
harmful practice begins with a loan
based on the home equity rather than
on borrower's ability to repay.
These borrowers often fail to repay
and the lenders acquire the
borrower's home equity and
ultimately the borrower loses his
home through foreclosure or by
signing a deed to the lender in lieu
of the foreclosure. There are some
other kind of abusive practices
which are illegal under various
federal or state laws.
Considering the
growing rate of predatory lending in
the mortgage industry, the National
Mortgage Complaint Center has
decided to have an audit service for
protecting homeowners from abusive
lending practices. But borrowers
should also be aware of such
unlawful activities and keep
themselves away from such lenders.
Borrowers should
consider some preventive measures to
protect themselves from predatory
lenders. They should not go by the
rates that lenders often advertise.
These rates are in fact, much lower
than the actual fees charged by such
lenders. The lenders advertise such
low rates just to lure consumers so
that they can approach them for
loans.
Borrowers should
demand a written copy of the fees
that they keep paying to the lender
on a monthly basis. This is because
lenders often provide an estimate of
fees at closing and later they
charge higher fees pretending that
they have forgotten to include these
charges. But keeping the proofs of
such documents will help borrowers
in case of any discrepancies in the
mortgage process.
If there is a rise in
rate in the market during the time
period between the application and
closing, the lenders charge higher
rate to borrowers. On the other hand
if the rate falls downwards, the
lenders try to ignore it and the
borrowers are deprived of the
advantage of the lower rate. So, the
borrowers should monitor the market
during this period.
The borrowers should
try to keep a track of all the
documents involved during the
process and ask for proper
clarifications wherever they have a
doubt. Going this way will minimize
the problems of being cheated by the
mortgage companies to some extent.
The borrowers should try to consult
an Attorney or a professional known
to the borrower and get the
documents verified by them.
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"Thomas Martin is unyielding in his
efforts to abate illegal mortgage
lending practices. Without Michael I
would have never known about
questionable practices of mortgage
brokers in lockstep with mortgage
lenders."
Catherine Anderson, Attorney At Law
homeowner
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