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Follow on Google News | STOP! Mortgage Servicers announces the launch of their new website!We are an unofficial, nonprofit community organization dedicated to bringing about change in the mortgage industry. We are working together to create and establish rules, regulations, penalties, and oversight for mortgage servicers.
By: Coleen Martinez, Founder “There is no question that there have been significant abuses by servicers, and a big part of that is there’s no one who is carefully monitoring their work to make sure that they’re not taking advantage of borrowers.” –Kurt Eggert, Law Professor at Chapman University, Orange, CA. “Servicers have flown under the regulatory radar.”-Julia Gordon, Senior Policy Counsel at Center for Responsible Lending In response to the current activities of mortgage servicers, STOP! Mortgage Servicers has been created with the expressed purpose of building an online community organization to affect change in the way mortgage servicers are regulated. The STOP! Mortgage Servicers website provides our online community with a plethora of tools for action such as; (A) A community message board where members can tell their stories, complain, and brainstorm ideas for action. (B) An “Activism” STOP! Mortgage Servicers believes that “Individually we are Strong. Together we are Powerful.” Find us on the web: www.stopmortgageservicers.org Quote Source: AP IMPACT: Government Mortgage Partners Sued for Abuses. Daniel Wagner. Associated Press. 8/5/09. # # # An online community organization dedicated to bringing about change in the mortgage servicing industry. We are working together to establish rules, regulations, penalties, and oversight for mortgage servicers. End
Page Updated Last on: Nov 12, 2009
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