Piling On: Borrowers Buried by Fees

mimo2005 · 04-19-2008, 09:46 PM

Quote:

SLOWLY but surely, a handful of public-minded bankruptcy court judges are drawing back the curtain on the mortgage servicing business, exposing, among other questionable practices, the sundry and onerous fees that big banks and financial companies levy on troubled borrowers.

It isn’t a pretty sight, if you are a borrower. But shining a light on this dark corner certainly qualifies as progress.

The cases come out of bankruptcy courts in Delaware, Louisiana and New York, and each one shows how improper, undisclosed or questionable fees unfairly penalize borrowers already struggling with mortgage debt or bankruptcy.

Full article:
http://www.nytimes.com/2008/04/20/bu...ss&oref=slogin

YEESSSSSSSSS !!!
TWIBAT mortgage servicing fees being knocked out by courts , These guys are criminal , scalping people alive.