Second Tier Investment Scams and The Elderly :: Financial Scams

Second Tier Investment Scams and The Elderly In an article from New Zealand we learned that an investment firm was advising elderly borrowers to re-mortgage their homes and invest in second-tier finance companies. The firm has denied claims it put money in Beneficial Finance and Five Star Consumer Finance, both now in receivership. This scam …

Advice for those applying for a HAMP mortgage modification

From our Saxon Mortgage watchdog and consumer advocacy website comes this information concerning the HAMP program. The information was submitted by a HAMP applicant who initially was told of missing paperwork. The complaint is frequently heard about mortgage servicers including Saxon Mortgage. Citigroup had similar complaints about missing paperwork. Here is a detailed report from …