Americas Watchdog Expands Insider Investigation Involving Countrywide and Washington Mutual Loan Serving Practices
Washington, DC (PRWEB) November 10, 2008
Americas Watchdog’s National Mortgage Complaint Center is intensifying its national investigation of Washington Mutual & Countrywide Home Loans mortgage servicing practices. According to Americas Watchdog, “we want to hear from current or former employees who have specific information about loan servicing practices that may take advantage of borrowers, or put borrowers at risk.” Individuals with specific information should call the National Mortgage Complaint Center at 866-714-6466 or visit their web site at http://NationalMortgageComplaintCenter.com
The National Mortgage Complaint Center wants to hear from former Washington Mutual, Countrywide, or other home loan mortgage servicing companies with specific information about the following:
Overcharging borrowers for fees and expenses.
Basing charges on estimated rather than actual fees and expenses.
Possible misapplication of the borrowers mortgage payment, resulting with the borrower showing late when in fact they were current.
Possible misapplication of the homeowners reserve payment for taxes and insurance, that results in a borrower showing as late.
Possible intentional putting homeowners into forced placed insurance even though the borrower had a current homeowners insurance policy that was current.
Possible alteration and/or destruction of documents, including faxes from borrowers, that would demonstrate the borrower was current.
The National Mortgage Complaint Center has been investigating mortgage servicing practices for half a decade. According to Americas Watchdog, “if most Americans saw how bad mortgage servicing is in the US there would be a homeowners revolt. We think poor mortgage servicing abusive practices are widespread and we need to hear from courageous current or former employees to try to help millions of US homeowners, who may have been mistreated in the mortgage payment process.” Individuals with specific information can call the National Mortgage Complaint Center anytime at 866-714-6466 or visit their web site at http://NationalMortgageComplaintCenter.com
Americas Watchdog & its National Mortgage Complaint Center are all about consumer protection and corporate responsibility.
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