Post: Predatory Mortgage Lending-Attorneys Wanted

Posted by Thomas Martin on 7/03/07

I am not an attorney, but I have the National Mortgage
Complaint Center & could sure use some help in sending
victims of predatory mortgage lending to law firms.
Actually I need attorneys in every state. The most common
problem I see as far as the victims are concerned is that
the (typically) mortgage broker -bait & switched the
consumer without a proper disclosure of a kick-back for
increasing the borrowers interest rate--also known as
a "yield spread premium". Every state litterally has tens
to hundreds of thousands of victims to this.

The cases are typically all the same (but a HUD October
2001 Policy Statement made class treatment next to
impossible),so they have to be done one at a time---even
though the fact sets will almost always be the same. If
anyone is interested it would be great to hear from you. Of
the 75 million current US homeowners we estimate 70 million
were cheated or over-charged when they got a mortgage.

AmericasWatchdog

Posts on this thread, including this one

Predatory Mortgage Lending-Attorneys Wanted, 7/03/07, by Thomas Martin.