Abusive Loan Servicers Like Ocwen PNC and Bank Of America Now Demanding Borrowers Who Finally Obtain Loan Modifications Sign Non-Disparagment Clauses

Reuters today reports a phenomenon that has become a real problem for lawyers and homeowners who are serious about remaining involved in the public policy debate about abusive loan servicing practices. Major Servicers are asking homeowners and often their lawyers to agree not to “disparage” them or modifications and settlement agreements will be terminated.

The CFPB needs to address this abusive practice

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