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Loan Modification

: Mortgage Lender Implode-o-Meter

New Arizona law helps shield homebuyers from mortgage abuses

By Implode-Explode Heavy Industries

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"During the housing boom, borrowers were sometimes misled about what their real payments would be or other terms of their loans, and some loans were given to people who never should have qualified. In some cases, officers were untrained or had little experience; others were unscrupulous and intentionally made bad loans so they could be paid a commission."

Full post as published by Mortgage Lender Implode-o-Meter on August 11, 2010 (boomark / email).

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