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HOEPA

5 Ways Wall Street & Washington Set Us Up for the Crash

by Moe Bedard

Nomi Prins, what are the five ways that Washington and Wall Street has brought us to this crisis?

NOMI PRINS: Well, it’s a historical matter, and basically there’s been a lot of legislation that has weakened the regulation of the housing industry and the lending industry and the trading that takes place with it that Wall [...]

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How we got into this mortgage mess

by Moe Bedard

By Paul Kiesel

Over the last 15 years, there have been five “avoidable events” stemming from Wall Street’s or Congress’ actions (or inaction), that led directly to the mortgage crisis.

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It Pays to Read The Fine Print

by Moe Bedard

Borrowers who have refinanced their mortgages or taken out a home equity loan may be eligible for a refund if they make a claim within three years of taking out the loan. Statutory damages are limited to $2,000, while actual damages are not capped, but borrowers must apply for monetary relief within one year of [...]

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The Truth in Lending Act – Let the lawsuits begin!

by Moe Bedard

In the past, no one really sued anyone over their mortgage. Hell, if you had a problem with your loan, you just refinanced right out of the bad loan and into a new one. No harm, no foul. Now, the home loan tides have changed and the tsunami of mortgage lawsuits have begun.
Federal laws like the Truth in Lending Act(TILA), The Home [...]

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