by Moe Bedard
Recent headlines have been gloomy: housing prices continue to sink, Wall Street executives knowingly pushed bad subprime investments, and mortgages keep failing in droves. As Congress debates how to put the economy back on track, the good news is that the states are moving ahead to prevent another subprime crisis in the future and strengthen [...]
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by Moe Bedard
WASHINGTON -(Dow Jones)- The Federal Trade Commission is actively examining whether mortgage lenders and servicers have violated federal laws in their dealings with borrowers, according to a letter sent to a U.S. Senate lawmaker.”We are actively assessing whether lenders and servicers are making deceptive claims in violation of Section 5 of the FTC Act,” FTC [...]
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