Foreclosure info on Money 101, June 22

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Today on Money 101, Bob McCormick spoke about homeowners hit with bank mistakes that led to foreclosures could be due as much as $125,000 dollars. Regulators have released a plan to compensate those borrowers caught in a wave of widespread mortgage abuses uncovered more than a year ago. The mistakes included starting foreclosures for someone not in default, making a mistake on a loan modification and wrongfully foreclosing on a member of the military.

Here’s the website:

Also on today’s show:

Jeff Lazerson

Specialties: Mortgage interest rates, loan qualifying

Phone: (800) 909-2668



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