Sunday, August 12, 2007

New Hampshire Predatory Mortgage Servicing Fighter Meets The Clinton Campaign

The Concord Monitor reports on an encounter that took place between the predatory mortgage servicing industry's worst enemy, Michael Dillon, and the Senator Hillary Clinton presidential campaign at a campaign stop in Derry, New Hampshire earlier this week. Dillon is currently embroiled in a legal battle against the mortgage servicing company Fairbanks Capital Corporation (which underwent a name change to Select Portfolio Servicing after they reached a $40 million settlement with the Federal Trade Commission in a lawsuit alleging predatory servicing practices). He, too, alleges predatory mortgage servicing practices.

According to the story, Dillon felt that the Clinton campaign wanted to use him as a poster boy for evertything that's wrong with the mortgage industry, rather than specifically focus on the issue of predatory mortgage servicing. He charges that a campaign staffer subtly attempted, in his words:
  • "to steer our conversation with Senator Clinton away from the actual important issue of mortgage servicing fraud . . . and towards what would rapidly deteriorate into a whining, sympathy sucking 'poor me' yetch in front of not only a United States senator but several hundred of our assumed peers."
Dillon expressed his feelings fully about the Clinton's campaign event a few days later on the blog Blue Hampshire (see Clinton Speaks, Homeowners Mourn).

For more of the Concord Monitor story, see Not exactly the poster-boy they were looking for (Mortgage critic didn't like Clinton event).

For a recent Concord Monitor article on Dillon's fight against Select Portfolio Services / Fairbanks Capital, see Taking on an industry (After a mortgage lender tried to foreclose on his home, Michael Dillon made it his mission to set the record straight on his own).

For Dillon's website, check out GetDShirtz.com.

Go here , go here , and go here for posts on questionable mortgage servicing practices. questionable mortgage servicing practices tactics zebra