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Loan Modification
: Mortgage Lender Implode-o-Meter?Complex Prime? Is New Subprime for U.K. Borrowers
By Implode-Explode Heavy Industries
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"U.K. mortgage lenders are offering loans to ?almost prime? and ?complex prime? borrowers with ?minor historic credit issues? who may have experienced financial ?blips.? They don?t use the word subprime."Full post as published by Mortgage Lender Implode-o-Meter on May 20, 2010 (boomark / email).
Lawsuits and Settlements
Goldman Sachs
Agrees $60 Million Subprime Settlement in Massachusetts
Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.
Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.
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