Sunday, December 23, 2007

FTC Facts on Bankrupt Lenders

A new publication from the Federal Trade Commission called "How to Manage Your Mortgage if Your Lender Closes or Files for Bankruptcy" gives consumers the facts on what to do in the event that their mortgage company or mortgage servicing company goes under. The Facts for Consumers publication contains advice related to servicing transfers, escrow accounts, and payment disputes.

The new publication is available at FTC.gov.

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