EXECUTIVE AT DEBT COLLECTION AGENCY PLEADS GUILTY TO BRIBING BANK OFFICIAL FOR COLLECTIONS BUSINESS
WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced today that Patrick Pinto, 44, of Bohemia, N.Y., waived his right to indictment and pleaded guilty on Monday before United States District Judge Stefan R. Underhill in Bridgeport, Conn., to one count of conspiring to commit bank bribery while he was an executive at Oxford Collection Agency. … (0 comments)
bpo education: Foreclosure Prevention Program Helped 1.5 Million Homeowners
- 12/12/12 03:40 AM
Foreclosure Prevention Program Helped 1.5 Million Homeowners By Evan Nemeroff Local nonprofits, national intermediaries and state housing financing agencies that participate in the National Foreclosure Mitigation Counseling program have helped 1.5 million homeowners avoid losing their properties, according to NeighborWorks America. Additionally, the program has helped save local governments, lenders and homeowners approximately $920 million.
NeighborWorks America said NFMC clients who received a mortgage modification lowered their monthly mortgage payment, on average, $176 more per month than non-NFMC clients. For the year, this represents $372 million in savings to NFMC-counseled homeowners. With more fixed-rate mortgages and lower interest … (0 comments)
;)
;)
