Litigation against mortgage lenders and servicers is on the rise, according to cases chronicled by http://www.mortgagedaily.com/.
DLJ Mortgage Capital filed a lawsuit against Sunset Direct Lending seeking nearly $24 million in repurchases, a spokesman for DLJ’s parent told MortgageDaily.com. Another suit was filed against Infinity Home Mortgages for $3 million. The spokesman said in both [...]

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Senator Christopher Dodd, Chairman of the Banking Committee in the Senate, is calling for the mortgage industry to take greater control over lending practices. The Connecticut Democrat believes that federal regulators may need to intervene.
Home mortgage delinquency and foreclosure rates have been rising, and the impact could be greatest on low-income families that took [...]

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A January 18, 2007 article in the Boston Globe discusses hidden legal fees charged by law firms handling foreclosure actions.
The article discusses the case of a homeowner who was in foreclosure and discovered that the legal fees charged by the Harmon Law Offices, a firm handling the foreclosure on her house, increased 80 percent in [...]

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