Senator Durbin has been attempting to get a bill entitled “Helping Families Save the Homes” passed. The bill has been introduced in the last few sessions of congress but has never been able to get passed. Now with the economy in jeopardy and many families facing loosing their homes, the bill has gained [...]

Right now there are a number of cases working their way through the courts that could have a massive impact on what courts find to be predatory lending and how courts hold lenders liable. One of these cases is the case of Boykin v. CFS Enterprise. This is a case to keep an [...]

This is the final post in the series on the Truth in Lending right to rescission. Visit National Loan Auditors for more information on forensic loan audits.
Effects of Rescission on Creditor’s Right to Foreclose
Once notice of rescission is given, the lien on the consumer’s home becomes void, taking away the creditor’s foreclosure remedy, and [...]