preditory lending practices: Beaverton Oregon Real Estate and More: Who is doing the predatory lending? Big banks of course and here we go again! - 07/23/09 11:26 AM
Beaverton Oregon Real Estate and More: Who is doing the predatory lending? Big banks of course and here we go again! - By Todd Clark
A couple weeks ago I wrote an article titled, “Predatory lending is now even easier and banks are taking full advantage” and as if that wasn’t enough, “Big Banks” are at it again. Once again the government just sits back, hears the sob stories, and passes new laws to help protect consumers because the “Big Banks” said it would help!
The latest in a series of “We are the Government, and we are … (12 comments)
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preditory lending practices: Predatory lending is now even easier and banks are taking full advantage! - 06/24/09 11:31 PM
On May 1, 2009, the government put in to place the HVCC appraisal law which stands for Home Valuation Code of Conduct, which was supposed to help to keep agents and mortgage brokers from being able to talk to appraisers and keep them from swaying the value they put on a home.
But, within that law, there were some things put in by (I’m guessing) some very smart bankers. Now I believe they are being very predatory, almost even more than they were two years ago.
No, I don’t own a tin foil hat, but they are starting to look … (63 comments)
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