Two Loan Modification Firms Resove Issues With Colorado AG; Agree To Refund $30K To Homeowners, Pay $10K In Investigative Costs

In Denver, Colorado, Rocky Mountain News reports:

• Two companies collecting money to help homeowners avoid foreclosure have reached agreements with Colorado Attorney General John Suthers, [...].

• Suthers announced Sunday that Castle Rock-based Hawk Financial Services agreed to pay $26,500 in fees unlawfully collected from 31 customers before performing any service. Suthers also collected $10,000 in penalties, costs and attorneys' fees. Infinity Funding Group of Bohemia, N.Y., agreed to refund a $3,500 payment collected up front from one customer.

Source: Attorney General reaches settlement with mortgage companies.