If you've ever wanted to look behind the curtain of the mortgage company, we talk with Nick Wooten who is an expert in the inner workings of these companies.

From Nick's website:

Many homeowners get behind on their mortgage payments. This can lead to foreclosure and the loss of your home. In order to prevent foreclosure, many homeowners enter into a loan modification with the mortgage servicer. Mortgage servicers present this as a helpful option that can lower monthly mortgage payments and prevent foreclosure. 

Unfortunately, many mortgage servicers are not following the law. Problems can range from aggressive and illegal collections tactics to outright incompetence. Either scenario causes needless harm to homeowners. You can fight back against the illegal business practices of your mortgage servicer.

The attorneys at Nick Wooten, LLC represent homeowners who are victims of mortgage loan modification fraud and other mortgage servicer misconduct. If you feel that your mortgage modification was handled improperly, or that your mortgage servicer is mishandling your mortgage loan, then you may have a claim. 

Discussed in this episode:

• Why Ocwen has failed and what they've done to correct it.
• How they changed their platform and moving to Black Knight Inc.
• The data that was broken at the time of migration would have moved into the new system broken.
• We discuss forbearance programs.
• The CFPB.
• What will happen at the end of forbearances for mortgages?
• Our current political environment and lack of leadership have exasperated the economic problems we are facing.
• If you are a business owner it may be time to talk to a bankruptcy lawyer now, even if you are currently not facing bankruptcy.
• The system that makes up our current credit scoring system.

The pandemic has revealed how fragile the finances of the typical American family are.