Tag Archives: subprime

Mortgage Broker Slimeballs Stay Slimy

I don’t have a lot to add to this NY Times article about people who were subprime mortgage brokers and have now morphed into “mortgage modification” specialists, charging homeowners $1,000 to $4,000 to help renegotiate their mortgage, but then doing nothing except keeping the money. The FTC is slapping cease and desist orders on them, but it doesn’t seem to be stopping the problem. Are people really that greedy and awful?