ResCap paying about $198 million to settle US complaints of foreclosure abuses


ResCap paying about $198 million to settle US complaints of foreclosure abuses

WASHINGTON – Mortgage lender Residential Capital LLC is paying about $198 million to settle federal complaints that it wrongfully foreclosed on homeowners.

Consumer protection bureau opens mortgage complaint hotline

The Consumer Financial Protection Bureau’s new mortgage complaint service is an extension of the agency’s existing hotline for credit card-related disputes and inquiries. Got a beef with your mortgage lender? Is your bank unresponsive when you complain…

Personal finance:

Loyalty to your Scottish bank might hurt your pocket it’s official. Bradford & Bingley’s £400m cash-call closed yesterday, and may leave six high street banks holding big stakes in the Yorkshire-based mortgage lender. (2 hours ago)