Unlike
other predatory lenders, LOANMART IS A LENDER THAT CARES ABOUT YOU.
The government is to do what law enforcement officials have moved to prevent Countrywide Financial and
other predatory lenders from doing: squeezing exploding Adjustable Rate Mortgages and «negative equity» mortgages out of debtors, on terms that often were bait - and - switch to begin with.
Not exact matches
Federal agencies, such as HUD, the Department of Justice, the Federal Trade Commission, and
others, are aggressively pursuing wrongdoers and
predatory lenders to ensure they are punished.
Beware of
predatory lenders: If you encounter
lenders that try to seduce you with «special» zero - down home loans or real estate agents who recommend rosy rent - to - own or land contract agreements, run the
other way.
Predatory lenders look for desperate borrowers who have exhausted
other options, know little about loans, and charge these borrowers high interest and fees.
Some
lenders offer their loans at favorable APR's while you can also come across
others with
predatory APR's.
Then they had no
lender of last resort when various
predatory short sellers started a run on the «bank» and started the cascade failure of
other institutions holding Bear and Lehman securities and CDS's.
We have successfully represented officers and directors of banks, mortgage
lenders (including those specializing in subprime loans), and
other financial institutions in connection with regulatory matters and complaints brought against them arising from allegations of failure to observe their fiduciary duties, alleged fraud, alleged
predatory lending practices, and
other matters arising from their respective roles in guiding and leading the efforts in the marketplace of their institutions.
The OCC preemption permits national banks and their operating subsidiaries to provide mortgage financing without being subject to the same licensing and
other requirements, including
predatory - loan protections, as state - chartered
lenders.