Mortgage Servicer Multi State Mortgage Settlement Scam

Recently the news told about the multi state mortgage servicer nationwide settlement. That was true, and mortgage servicers agreed to pay a total of $25 million (USD). Unfortunately, as soon as the deal between the states and the mortgage servicers was announced, scammers invented the Mortgage Settlement Scam. Don’t fall for it. Here is more …

Capital One and HSBC Credit Cards

Capital One might do a better job than HSBC Finance, Household Bank, and HSBC NV with regard to credit cards. Almost everyone has seen a commercial asking “What’s In Your Wallet”. Capital One is considered a financial holding company, and HSBC USA is made up of so many holding companies that the US government can’t …

Ocwen Mortgage Subprime Servicing Now Number 1

Ocwen Financial Corporation, known to most Americans as either Ocwen Mortgage or Ocwen Mortgage Servicing, has plans to grow even larger. Ocwen is already the largest servicer of subprime mortgages. Here is the tie-in: Home Loan Servicing Solutions, a foreign investment firm designed to buy mortgage servicing rights from Ocwen Financial Corporation, is planning an …

Why Americans Find Predatory Lending Offensive

Author’s Note: I wrote this article in 2002. It has been copied, stolen, and reused without permission or credit given. When I wrote this article I was working as a government contractor in the years after I retired from the Marine Corps. Referencing Google Authority and copyright laws, I’m republishing my original work as follows: …