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Loan Modification

: Loan Modification & Home Loan News

Man Wins Small Claims Case Over HAMP Abuse

By Moe Bedard

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(Source: Firedlakeledge) - The Federal Reserve is trying to roll up a key law that allows borrowers to challenge predatory lending. Under ?rescission? rules, if a borrower can prove that a mortgage loan was created in a predatory way, they can basically nullify the bank?s right to foreclose. Under the Fed?s new proposal, borrowers would [...]

Full post as published by Loan Modification & Home Loan News on January 05, 2011 (boomark / email).

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