FTC Announces Record Settlement With Countrywide

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A mortgage servicing subsidiary of Bank of America Corp. agreed to settle Federal Trade Commission charges that it illegally assessed more than $36 million worth of fees against struggling homeowners, in violation of an earlier settlement with the FTC. “It’s clear to us that the Bank of America subsidiary violated the 2010 court order, and […]

Alabama Joins 25 Billion Joint State Federal Mortgage Servicing Settlement on Foreclosure Wrongs

Attorney General Luther Strange Thursday formally joined a landmark $25 billion national joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $ 106,701,096 in direct relief to Alabama homeowners and addresses future mortgage loan servicing practices. U.S. […]

AG Foreclosure Settlement Will Help Build Stronger Housing Market

The following is a statement from Michael Calhoun, President, Center for Responsible Lending: “The foreclosure settlement announced today will help build a stronger housing market while keeping more people in their homes. But while a significant step toward fixing the foreclosure crisis, this settlement was never intended or able to provide a comprehensive remedy. Much […]

Making Home Affordable Program Announces More Help for Homeowners

Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods to accelerate the housing […]

Hope for Homeowners Hotline

Call 888-995-HOPE (4673) for free, comprehensive foreclosure assistance and housing counseling services around-the-clock. Call now to get assistance with questions you might have about getting help with your mortgage and to see if you are eligible for the Making Home Affordable Program. When you call 888-995-HOPE (4673) your call is answered promptly, 24 hours a […]

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