Mortgage Servicing Abuses A Report From The Center On Responsible Lending

Even when homeowners pay on time banks and loan companies sometimes charge late fees.
Robo signing is one type of mortgage fraud that has received a lot of attention in the press as the loan companies find many ways to speed up the foreclosure process and generate revenue at a homeowners expense. According to the Center for responsible lending here are the top 10 loan servicing abuses.

1. Misapplied payments
2. illegal fees
3. two-faced help
4. Blocked refinances
5. squelched legal rights
6. botched tax and insurance
7. no communication
8. whirlwind foreclosures
9. crazy foreclosures
10. Robo signing and other fraud

For more information see the Center for Responsible Lending.

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