Sunday, March 11, 2012

Mortgage Scams Identity Theft - Sun Mar 11, 2012


Sperry Associates FCU Wins Bond Case
Credit Union Times
By Michelle A. Samaad In a case that has ties to one of the industry's largest mortgage scams, Sperry Associates Federal Credit Union received a ruling in its favor over losses the financial institution said it suffered behind the scheme.
HUD secretary: 70000 Michigan families may get share of mortgage settlement
Detroit Free Press
By Greta Guest US Housing and Urban Development Secretary Shaun Donovan said Friday that 70000 Michigan families could get a share of the $25-billion mortgage settlement with the five large banks held as most culpable in the housing meltdown.
Happy National Consumer Protection Week!
The Mortgage Reports
In Rhode Island, some enterprising con artists have been putting up fliers offering assistance inmortgage modifications in neighborhoods hit particularly hard by foreclosure. Certain homeowners have received calls from “bank employees” or “settlement ...


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