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The Mortgage Fraud Industry

No, the U.S. Senate did not believe that consumers and ordinary people deserved any mortgage relief, but it gave hundreds of billions of dollars to the mortgage industry.  Mortgage modification was denied to the bankrupt consumer to protect an industry where fraud was so pervasive that it deserves not to be called the mortgage industry but the mortgage fraud industry.  Watch and share this video.

May 12, 2009 in Bankruptcy Trends, Collectors / Collections, Current Affairs, Public Issues And News, Video |

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Comments

Patches

That just makes me mad! It's impossible to deal with these "creative" mortgages in Chapter 13 Bankruptcy. I am so upset with our two Texas Senators who are holding on to this ideological nonsense with absolutely no logical basis.

Maybe we can tweak Texas foreclosure law (bypass our crazy US Senators) to force Mortgage companies to work with consumers. I know that we may not be able to force a "National Bank" to modify its loans but we can make it harder for them to foreclose in Texas. That's what we are left with.

I'm with you on this one... it sux!

Posted by: Patches | May 13, 2009 at 10:43 AM

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