NYC (CNNMoney.com) — throughout the housing growth, mortgage brokers had been doling out of the dough, providing loans to individuals who could not have qualified prior to.
Now, home owners and federal federal government officials are increasingly using these organizations to court, alleging unfair and predatory methods. Some banks have already settled for millions of dollars while many of these suits are still winding their way through the legal system.
The defendants through the biggest names into the continuing business– from Wells Fargo (WFC, Fortune 500) to Countrywide Financial to Citigroup (C, Fortune 500). Continue reading “Property owners and federal federal government officials are using lenders to court for unfair lending methods”