Class Action Lawsuit Filed Against SunTrust Mortgage, Inc.

The complaint was filed on behalf of homeowners who pursued mortgage loan modifications with SunTrust and alleges that Defendants violated consumer protection laws and breached contracts and other duties by, among other things:Taking advantage of mortgagors’ defaults;Promising modification and forbearance, soliciting modification applications, and representing that certain written materials are part of the modification process; …

The Trouble With Trial Mortgage Loan Modifications

These days there seems to be no shortage today of people or politicians angry at mortgage companies.  Most however tend to be  customers of the nations five largest mortgage servicers; Bank of America, Wells Fargo Home Mortgage, JP Morgan Chase & Ally Financial. The source of anger tends to be  focused on  foreclosure, short sale request or loan modifications aka work-outs that never seem…