Meet Jen from the Problem Solvers TeamHi, I'm Jen and I'm here to help. Submit your complaint here or get help here
In 2004, the FBI tracked 172 convictions or “pretrial diversions” involving mortgage fraud. The numbers were even greater in the first quarter of 2005, leading to its exhaustive “Financial Crimes Report to the Public.” The study identified the top 10 hot spots for mortgage fraud complaints as California, Nevada, Utah, Colorado, Missouri, Illinois, Michigan, South Carolina, Georgia and Florida.
In Washington State a plan to fight mortgage fraud was bolstered through the Legislature by reputable members of the mortgage industry who were upset with the number of mortgage fraud schemes in the state. Not only were more consumers getting fleeced, but the entire home-loan industry also was getting a collective black eye. “After the nationwide predatory lending settlement of Household International, which started in Washington and Florida, we doubt Household International, HFC, or Beneficial would be called reputable members, said consumer advocates at Household – HSBC Watch.”
This article, Reputable members of the mortgage industry – no Household HSBC, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
We use Thomson Reuters News Service Calais in all production material but are not associated with Thomson Reuters, banks, or financial institutions in any way.
