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Green Mirage scammers have impersonated more than 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners, many of whom only learn of the fraud when ...
However, US News and World Report ranked them only a 3.7 out of 5 on the affordability scale as compared to other lenders, and they only got a B+ from the Better Business Bureau.
A BBB-accredited company agrees to abide by a set of accreditation standards BBB says are "attributes of a better business." These include honesty in advertising, transparency, and responsiveness ...
"Robo-signing" is a term used by consumer advocates to describe the rubber-stamp process of mass production of false and forged execution of mortgage assignments, satisfactions, affidavits, and other legal documents related to mortgage foreclosures and legal matters being created by persons without knowledge of the facts being attested to.
According to a 2014 report, companies lose 5% annually due to fraud, and most often this happens in the accounting department. [7] In a 2018 report, the Association of Certified Fraud Examiners stated that up to 28% of small businesses have been involved in some form of fraud, with the figure ranging from 22% to 26% for larger companies.
Additionally, some do consider equity stripping, in essence, a form of predatory lending since the scam works essentially like a high-cost and risky refinancing. Equity stripping, however, is conducted almost always by local agents and investors, while traditional predatory lending is carried out by large banks or national companies. [3]
The U.S. Postal Service was the top impersonated organization of 2023, according to the Better Business Bureau. Its new report, based on complaints to the BBB, shows the following services and ...
Lend America was an American mortgage lending company based on Melville, New York that operated until it was closed in 2009. The company used cable television infomercials and toll-free numbers to promote its services which include refinancing of mortgages with fixed-rate loans guaranteed by the Federal Housing Administration .
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related to: online home refinancing companies reviews bbb of america fraudHighest Satisfaction for Mortgage Origination, 2010-2017 - J.D. Power