Foreclosure-Review Borrowers Grappling with Credit Reports

Now these wronged borrowers who are starting to get checks of various amounts — tied to categories of mortgage-servicer wrongdoing over which they had no control — are trying to clean up their credit reports. Once again, they are on their own.Now these recipients who are starting to get checks of various amounts — tied to categories of mortgage-servicer wrongdoing over which they had no control — are trying to clean up their credit reports. Once again, they are on their own.

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Borrowers Mull 'Class Action' as Foreclosure-Review Checks Arrive

Two years after bank regulators took their initial “enforcement” action against mortgage servicers in the mostly-defunct Independent Foreclosure Review, checks to nearly 4 million eligible borrowers have started to arrive at mailboxes nationwide. But anger persists among the recipients of these checks — the vast majority amounting to hundreds of dollars each.

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