The Washington Independent

Tuesday, May 29th, 2012

Posts Tagged liar loans

Merkley, Klobuchar Amendment Banning Liar Loans Approved

By | 05.12.10 | 4:57 pm

This afternoon, an amendment protecting mortgage consumers from predatory lending practices made it into Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. The Senate approved the amendment by Sen. Jeff Merkley (D-Ore.) and Sen. Amy Klobuchar (D-Minn.) 63 to 36.

The new language prohibits mortgage lenders from receiving hidden payments More…

Mortgage Fraud Threatens Housing Rebound

By | 11.30.09 | 3:28 pm

With home prices continuing to fall and more foreclosures yet to come, it’s clear that tough times remain for a housing market recovery. And to add to the troubles, another threat to any rebound is emerging: mortgage fraud.

The risk of mortgage fraud in More…