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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Ga. counties sue HSBC ove... » Reply #3

Response to jody (Reply #1)

Mon Dec 24, 2012, 03:32 PM

3. What a stupid question.

Sure because the Feds encouraged - loan fraud, appraisal fraud, high fees, churning, excessive pre-pays and steering credit-worthy borrowers to sub-prime loans.


targeting vulnerable borrowers for mortgage loans with unfavorable terms; directing credit-worthy borrowers to more costly loans; putting unreasonable terms, excessive fees or pre-payment penalties into mortgage loans; basing loan values on inflated or fraudulent appraisals; and refinancing a loan without benefit to the borrower.

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Arrow 4 replies Author Time Post
Redfairen Dec 2012 OP
jody Dec 2012 #1
LineLineNew Reply What a stupid question.
Hassin Bin Sober Dec 2012 #3
dixiegrrrrl Dec 2012 #2
Sherman A1 Dec 2012 #4
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