Major Bank Admits to Illegal Practices and Compensates Homeowners

Major Bank Admits to Illegal Practices and Compensates Homeowners

by on Mar 16, 2015 in Debt News, Debt Settlement

In early March 2015, JPMorgan-Chase agreed to a settlement with the Justice Department’s U.S. Trustee Program. It requires the bank to compensate thousands of homeowners, adopt new business practices and accept additional oversight. Chase also had to admit that it violated federal cease and desist orders that were issued in 2011. The financial institution confessed…

5 Things You Need to Consider Before Applying for a Loan Modification

5 Things You Need to Consider Before Applying for a Loan Modification

by on Jan 30, 2015 in Debt Management, Debt News, Debt Settlement

Falling behind your monthly mortgage because of unexpected financial setbacks, medical emergency, or loss in income is inevitable. Because of this, some homeowners turn into loan modification to avoid foreclosure. However, not all loan modifications are worth all the hassle you would go through. Especially with what’s happening in the finance industry – the big…