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Loan Modification

: Mortgage Lender Implode-o-Meter

Senate, House financial overhaul targets lending practices of mortgage crisis

By Implode-Explode Heavy Industries

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"One of the key provisions deals with the compensation of loan officers and mortgage brokers, who act as middlemen between borrowers and lenders. Loan officers and brokers have often been rewarded with extra fees for placing borrowers in loans with higher interest rates than they qualified for"

Full post as published by Mortgage Lender Implode-o-Meter on May 28, 2010 (boomark / email).

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