Predatory lending went subprime, immoral, and reckless

President Barack Obama said the mortgage finance practices that led to the economic meltdown were “immoral, inappropriate and reckless,” but not necessarily illegal, making it difficult to punish key players, specifically in the subprime debacle. Obama said that in September of 2011 Obama’s statement reminds me of a lawsuit years ago against predatory lender Household …

Saxon Mortgage forecloses after baiting homeowner

Paul in California said: “After a death in our family, Saxon still ask after every call, reason for having this mortgage issues! We are also victims of Saxon Mortgage!!! I received a phone call on my cell from Saxon on May 4, 2009. They stated President Obama has implemented a new program to save you …