Today Countrywide Financial agreed to modify home loans in Texas and 10 other states as part of the largest predatory lending lawsuit settlement in history. Countrywide will: provide $8.4 billion in direct loan relief...
Fannie Mae and Freddie Mac buy billions of dollars worth of mortgages and have their own rules and regulations; but they both refuse to buy any loans containing binding mandatory arbitration clauses. Freddie Mac...
Many homeowners don't realize it, but often their loan agreements include binding mandatory arbitration clauses. These clauses require that any dispute a homeowner may have with a lender be settled through arbitration and prevents...
Peer-to-peer lending, allows individuals looking for credit to bypass traditional lending institutions and create listings online detailing how much money they need to borrow, the purpose of the loan and how much interest they...
How many of us have been through wanting to take out a loan; but just were unable to translate the legalese to simple layman's English? What eventually happens? We sign away on the dotted...
According to the U.S. Department of Housing and Urban Development, the number of reverse mortgage loans is projected to exceed a record 110,000 this year. Nationally lenders originated 76,351 government-insured reverse loans in 2007,...
