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Allegations of shoddy accounting and padded bankruptcy claims have grown to such a pitch against the mortgage loan servicing industry and its lawyers that investigations have been launched by the Executive Office for U.S. Trustees and the Federal Trade Commission (FTC). The Office for U.S. Trustees currently has 30 cases under review that have not yet been filed. The director of the office, Clifford White III, disclosed to a U.S. Senate subcommittee earlier this year that it has already intervened in 16 pending cases.
July 29, 2008 at 05:05 AM
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The original version of this story was published on Law.Com
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