Valuation

Ohio AG Sues Carrington on Modification Shortfalls 

Ohio Attorney General Richard Cordray’s office filed a joint lawsuit with Ohio’s Department of Commerce against Carrington Mortgage Services. The lawsuit alleges Carrington violated Ohio’s Consumer Sales Practices Act by not following through with a commitment it made to the state to provide mortgage modifications to distressed homeowners. The suit also claims Carrington failed to provide a written copy of its modification terms to the state and borrowers.