Four Tactics Predatory Mortgage Servicing Companies Use To Squeeze Homeowners

A recent article in Realty Times describes four tactics used by predatory mortgage servicing companies to squeeze money out of vulnerable homeowners and describes these servicers as "[n]othing more than shakedown artists operating in a largely unregulated arena, who have figured out a way to wring millions of dollars out of nervous consumers." The article also points out, as others have, that the focus on predatory practices in the home mortgage financing industry appears to be on the predatory lenders; and not the predatory mortgage servicers, who appear to be getting a free ride from lawmakers. To read more, see The Subprime Servicing Scam: Beware.

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