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Truth in Lending

Countrywide Accused of Selling Defective Loans

by Moe Bedard

One of my long standing points of view on the mortgage and housing crisis is that, these creative loans that were invented, sold and sliced and diced over the last 3-5 years were incredibly unfair and deceptive. Defective credit instruments that were made to fail and are essentially “lemon loans.”
It looks like the Illinois Attorney [...]

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In 1968, Congress passed Proxmire’s Truth in Lending Act, a major piece of legislation that for the first time required lenders to make the interest rate and total cost of a loan absolutely clear.

by Moe Bedard

By Moe Bedard
Will the Truth in Lending Act be the law that saves the American consumer from foreclosure and financial death? Will attorneys finally get a clue and learn this area of ”mortgage law” and start the massive wave of class action lawsuits that have yet to make noise in our Federal Court system?
The facts are [...]

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Moe is Looking for Experienced Underwriters to Assist in Mortgage Fraud and Predatory Lending Cases

by Moe Bedard

The Loan Safe Advocacy Group is looking for seasoned underwriters with a minimum of 5 years or more experience to assist as a mortgage fraud investigator and in predatory lending investigations.

This unit will be operated by Moe and Poppy will be the lead fraud investigator.  
You will assist in forensic loan document, mortgage broker disclosure, appraisal and [...]

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