The government is going after the loan officers who made the bad loans.
The prior immunity enjoyed by many mortgage loan lenders may soon be coming to an end.
The SEC is alleging that some brokers sold unsuitable securities.
They may have committed a federal crime by misrepresenting mortgage terms.
If borrowers had been protected in the beginning and aware of the true meaning of the terms of their mortgage loans, the foreclosure crisis would never had happened.
Some of the top foreclosure cities are #1 Las Vegas
#4 Miami
#5 Los Angeles
#11 Atlanta
No comments:
Post a Comment