Brent Coon and Associates has launched a new Mortgage Fraud website at www.bcamortgagefraud.com/. The Office of the Comptroller recently announced a settlement fund which will result in homeowners receiving 3.6 Billion dollars in compensation.
|BCA Mortgage Fraud|
In January 2013, 13 mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $9.3 billion in cash payments and other assistance to help borrowers. The settlement concluded the Independent Foreclosure Review for these 10 servicers and will result in $3.6 billion in cash payments to nearly 4.2 million eligible borrowers and $5.7 billion in additional assistance.
The new Brent Coon and Associates Mortgage Fraud website will be tracking the latest developments in this litigation as well as general Mortgage Fraud Litigation, Class Actions, how counties equate into this mortgage fraud litigation, information for homeowners, and many other general mortgage fraud legal issues. A description of the new Mortgage Fraud web site includes:
Since 2008, millions of Americans have lost their homes to foreclosures. Homeowners, Counties and Institutional Investors have lost billions as a result of one or more “wrongful” practices such as fraud, reporting inaccuracies, or “robo-signing by banks, lenders and the national tracking registry MERS. Brent Coon & Associates is fighting to undo the wrongs, keeping people in their homes and getting a recovery for those who were cheated.
UPDATE: The mortgage industry has recently reached a settlement with the Office of the Comptroller of the Currency and Federal Reserve that created a multi-billion dollar fund to pay damages to victims of mortgage fraud.
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If you need any information on Mortgage Fraud, mortgage fraud laws and mortgage fraud eligibility please visit us at BCA Mortgage Fraud.com